Mammoth 1 MSF San Jose Office Project in Talks
- Jun 27, 2017
Nearly one million square feet of office space is underway near the Diridon Station in downtown San Jose. TMG-VOP Julian LLC, a joint venture between TMG Partners and Valley Oak Partners LLC, has submitted a preliminary review application to the City of San Jose for the development of three six-story office buildings with below-grade parking. Kohn Pedersen Fox Associates was selected as the official designer firm.
All the Details
Located at 440 W. Julian St. within the Diridon Station area plan, the 5.4-acre site is partially occupied by industrial buildings and 287-space parking lots. The three buildings will total 157,000 square feet, 345,000 square feet and 490,000 square feet, respectively. Each building will feature floor plates ranging from 30,000 square feet to 90,000 as well as 15-foot ceiling heights and large private terraces on every floor.
The site is bounded by North Autumn Street to the west, West Julian Street to the south and the recently opened Autumn Parkway to the east. The development has pedestrian access to the Guadeloupe River Park across Autumn Parkway and is a ten-minute walk to the restaurants at San Pedro Square, the financial center of San Jose and SAP Center arena. The project is also a short walk to Diridon Station, San Jose’s intermodal transportation hub consisting of Caltrain, VTA Light-Rail, along with the planned BART and California High Speed Rail station.
“This is one of the last development opportunities in the Bay Area that truly brings together the concept of multi-modal transportation, amenity-rich infrastructure, and state-of-the-art workspaces,” said Matt Field, chief investment officer at TMG Partners, in prepared remarks. “Downtown San Jose has come into its own with its vibrant cultural scene, diverse housing offerings and a strong and growing technology sector making it attractive to employers and employees alike. We have an opportunity to create an iconic headquarters location that will appeal to Bay Area employers of all sizes.”
The area is rapidly transforming, as negotiations for a nearby Google village development is also ongoing.
TMG’s recent San Jose activity
TMG’s increased activity in the San Jose office market includes the $154 million acquisition of an eight-building, 810,000-square-foot office campus from Cisco Systems in 2013. In August 2016, TMG also acquired 2460 and 2480 N. First St., a two-building, 148,000-square-foot commercial property that the company is currently renovating and leasing.
Image courtesy of TMG-VOP Julian LLC