SAN JOSE — A major Bay Area transit agency is scouting for a large office complex for its new headquarters, most likely in downtown San Jose, according to a real estate proposal currently being circulated.
The Santa Clara Valley Transportation Authority, whose headquarters are tucked away in a nondescript north San Jose office building, is seeking new digs to call home.
Paseo, a mixed-use development at 201 South Second Street in downtown San Jose that totals 100,000 square feet, including 75,000 square feet of offices and 25,000 square feet of restaurant and retail space, concept. (HGA Architecture)
2 West Santa Clara, an office tower at the corner of West Santa Clara Street and South First Street in downtown San Jose. (Google Maps)
Colliers, a commercial real estate firm, is representing the VTA in its quest for space, according to the agency’s request for proposals that this news organization has obtained.
VTA officials are seeking 75,000 to 150,000 square feet of office space for the new headquarters site.
Work spaces and common areas within Paseo, a mixed-use office, retail and restaurant building at 201 South Second Street in downtown San Jose, concept. (Arctec)
Upper-level gathering areas and workspaces at 2 West Santa Clara Street, an office tower in downtown San Jose. (DivcoWest)
“The intended use for this facility is office and administrative work,” according to the proposal that Colliers is circulating. Colliers brokers Grant Zamudio, Paul McManus, Kevin Moul and Mike Lee are representing the VTA in its hunt for space, the 40-page document states.
The transit agency’s officials are eyeing 2026 as the target year to move into the new offices. The search is in its early stages and a deal has yet to be negotiated for a specific building.
The VTA’s space hunt has emerged at a time when the transit agency has encountered wide-ranging criticism and skepticism over a BART extension into downtown San Jose.
The BART project has rolled past its budget targets multiple times and is under scrutiny due to runaway costs.
The VTA says the building it is seeking must have pedestrian access to a VTA station. It also must be within 500 feet of a light rail line.
To be sure, the South Bay light rail system passes through several cities, including San Jose, Milpitas, Santa Clara, Sunnyvale, Mountain View and Campbell.
Downtown San Jose, though, is deemed to have the upper hand for landing the future VTA main offices, according to several property experts who have direct knowledge of the transit agency’s search for space.
Three office buildings in downtown San Jose appear to be close matches for the VTA’s preferences.
Here are the buildings and some details about the properties:
— One West Santa Clara, a four-story office building totaling 100,000 square feet. Jay Paul Co. is the principal owner. Newmark, a commercial real estate firm, is seeking tenants for the building, which is at the corner of West Santa Clara Street and North First Street.
— Paseo, a mixed-use office and restaurant building at 201 South Second Street. This building consists of 75,000 square feet of offices and 25,000 square feet of retail …read more
Source:: The Mercury News – Entertainment
