Business

San Jose gateway village proposal adds housing units, expands offices


SAN JOSE — A transit village planned for San Jose, a few train stops from a huge development that Google has proposed in the city’s downtown, is growing in potential size by expanding the number of housing units and office spaces slated for the project.

The South Bascom Gateway Station mixed-use development, according to an updated proposal now on file with San Jose city planners, would be built on a triangle-shaped plot of land totaling 6.4 acres at the corner of Southwest Expressway and South Bascom Avenue. Bay West Development is developing the Gateway Station project.

The latest version of the proposed transit village envisions 590 residential units and nearly 214,000 square feet of offices. The housing would consist of 125 studios, 353 one-bedroom units and 112 two-bedroom units, the planning documents stated.

A prior iteration of the anticipated development had proposed 447 residences and 200,000 square feet of offices.

Bascom Station Owner, an affiliate of Bay West Development, paid $37.25 million on June 5 for the property, which at present consists primarily of a strip mall and considerable surface parking.

The development would rise next to the South Bascom light rail stop. That station is just a few stops south of the Diridon transit station that itself is a hub for light trail, ACE Train, Caltrain, Capitol Corridor and Amtrak stops and in the future would be the site of a BART station.

Next to the Diridon Station, Google plans a transit-oriented community of offices, residences, shops, restaurants, open spaces, along with a cultural and eco-walk, in a development where 15,000 to 20,000 of the tech titan’s employees could work.

With technology giants such as Apple, Facebook, Adobe Systems and Amazon expanding in huge ways in Silicon Valley, San Jose has led the charge for creation of urban villages that would blend offices, housing and retail with immediate access to transit stops. Such developments could help combat worsening traffic woes in the Bay Area.

That close access is the case with the Gateway Station development. Open spaces in the project would physically connect the site to the South Bascom station platform, according to the proposal submitted to San Jose officials.

The proposal calls for eight levels of residences and 10 levels of offices, the city planning documents show.

“For us, it’s critical to have a rail stop,” Pete Beritzhoff, a partner with Bay West Development, said earlier this year in discussing the company’s development proposal at Southwest and South Bascom.

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Source:: The Mercury News – Business

      

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