Okay, so the current economy isn't exactly a harbinger of optimism to the San Jose construction scene. Despite everything, there still are quite a number of projects on the table, particularly in the downtown San Jose area. There's a handy San Jose Future Highrise Map link on the right hand menu to this blog to give you an idea of how many projects are shovel ready, approved, or proposed (along with photos if we have them).
I wanted to highlight the tallest approved project, the One South Market building by KT Properties and designed by Ankrom Moisan. If completed, it should stand somewhere between 315-338 feet tall and be the tallest building between San Francisco and LA. Also, it couldn't be in a better location with easy access to San Pedro Square, 1st St, 2nd St, and Market. For more details about the building head down past the photos!
"Located in the heart of downtown, the building is adjacent to the San Pedro Square dining and entertainment district. New retail space at street level and the addition of permanent residents will increase pedestrian activity in the district and make it safer through a significant number of "eyes on the street." The building design uses a modern palette of materials, with a transparent curtainwall skin at the base that rises to a glass and stone tower designed in a Mondrian-like pattern. The tower will be a striking presence on the San Jose skyline, offering residents views of downtown and the surrounding Santa Cruz and Diablo Mountain ranges. Residents of the 300 luxury condos will enjoy a variety of amenities, including a landscaped elevated plaza deck with lap pool and spa. Bus and lightrail access is only one block away. 1 South Market is designed as a 22-story, 610,000 sf building with 300 luxury condominiums."
Although it is never too soon to propose a project, it seems that at our current economic state, the prices for each condominium unit will have to be brought way down if the building aims to be completed within the next few years. I do look forward to eventually seeing a complete product; just seems there needs to be a new direction for developers to follow since individuals with executive-level income are few and far between.
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