New 20-story office tower proposed Downtown

Development proposals are continuing to roll in! The latest one comes from developer JP DiNapolis Cos. who spent $11.5 million for two vacant office buildings at 200 Park Avenue last week. Their plan is to build a 20-story office tower with a grand total of 740,000 SQFT of office space. The project would also include 1,200 parking spaces that would be shared with the Hyatt Place next door.

The general area could be completely transformed within a few years. This tower would rise on the same block where Insight Realty is planning Museum Place, an epic mixed-use development with residential, hotel, office space, retail, and an expansion of the Tech Museum. Across the street a 24-story residential tower is also proposed at City View Plaza and a block away Adobe is planning a fourth office tower that would double its employee count.

If everything goes according to plan, the new office tower will be under construction by the end of 2019.

Source: SVBJ