Caltrain's double tower project in Downtown San Jose moves forward

Caltrain is planning to partner with a developer to build a 15-story and 16-story tower on 3 acres right in front of Diridon station in Downtown San Jose. To goal would be to help kickstart other projects and transit ridership in the area.

The project would come in at 1.1 million SQFT of commercial space--yes commercial and not residential. Most developers today are switching to residential as quickly as possible given the state of the commercial markets, but it sounds like Caltrain is taking a bold long-term perspective on this investment.

The development would also blend in retail and entertainment venues as well as a once acre publicly accessibly open space and plaza. Ironically, four levels of underground parking for 792 spaces would also be built as part of this transit-oriented-development.

Currently there is no ETA for when construction would begin but San Jose has just approved the required permits. The ball is in Caltrain's court.

Source: The Mercury News