Downtown San Jose is still buzzing with potential, and Jay Paul Company’s reimagined CityView project is proof that our city is ready to shine. What started as a massive office development has evolved into something even more appropriate for today—a mixed-use community that swaps out some office space for homes, retail, and a modernized workplace. This shift is a game-changer for Downtown San Jose, and it’s hard not to get pumped about what’s coming next.
A Bold Pivot for a Changing City
Back in 2018, Jay Paul Company had big plans for CityView: three 19-story office towers with 3.4 million square feet of office, retail, and restaurant space. They scooped up the bulk of CityView Plaza for $283.5 million, added adjacent properties for $100 million in 2019, and even grabbed the 19-story 50 West San Fernando Street for $238 million. But last year, they hit pause on the original vision, citing “current financial markets and a reduced demand for office leasing.” Now, they’re back with a plan that’s all about meeting San Jose’s real needs.
“Demand for older Class B and C office space at this site has declined, while the need for housing in San Jose continues to grow,” company President Jay Paul told The Real Deal. “Right now, multifamily development is delivering stronger returns than aging office properties, making residential conversion an attractive proposition.” With this new direction, CityView is set to become a lively hub where people can live, work, and play—all in the heart of Downtown San Jose.
The Village at CityView: Homes with Heart
An existing four-building office campus will be transformed into 320 apartments, ranging from cozy studios to spacious three-bedroom units. That’s The Village at CityView, designed by Solomon Cordwell Buenz. It’s not just about adding housing—it’s about building a community. Residents will enjoy shared green spaces, a 10,000-square-foot fitness and wellness center, and a rooftop pool (my personal favorite amenity in any residential or hotel project today). As the company puts it, these features “enhance downtown San Jose’s appeal as a vibrant place to call home.” Who wouldn’t want to live here?
The Tower at CityView: Reaching New Heights
Then there’s The Tower at CityView, a stunning 27-story luxury apartment building at 121 South Market Street. Also designed by SCB, this phase-two addition will offer 360 units—studios to three-bedroom penthouses—complete with rooftop lounges, outdoor terraces with killer city views, and underground parking. It’s the kind of place that makes you proud to call San Jose home, blending style and convenience in one sleek package.
The Shops at CityView: Retail That Rocks
Downtown San Jose is about to get a lot livelier with The Shops at CityView. This 35,000-square-foot retail and restaurant space, designed by DES architects, will sit at Park Avenue and Almaden Boulevard. It’s a perfect complement to the 15,000 square feet of street-level retail in Jay Paul’s nearby 200 Park building, part of which is earmarked for a flagship dining destination. “Downtown San Jose has made a strong comeback,” Paul said, pointing to better foot traffic and nightlife. “Adding more housing will only strengthen the momentum, supporting a 24/7 economy and bringing even more people to the area.” Get ready for eight new spots to eat, shop, and hang out!
150 Almaden: Office Space, Upgraded
CityView isn’t ditching offices entirely. The 15-story, 204,000-square-foot building at 150 Almaden is getting a major glow-up. Think modern building systems, a revamped lobby, and tenant perks like a conference center and fitness center. With three parking spots per 1,000 square feet, it’s ready to rival suburban office parks while keeping that unbeatable Downtown vibe. That much parking won't make urbanists happy, but it will be the perfect spot for San Jose’s high-tech crowd to innovate and thrive.
San Jose’s Future Is Bright
This project isn’t just about buildings—it’s about people. Mayor Matt Mahan sees it as a big win for our city. “People want to live, work and play in the safest big city in the Bay,” he said, calling CityView “groundbreaking” for its ability to help us “reimagine what the capital of Silicon Valley looks and feels like in the age of AI.” With the mayor and city council backing downtown growth—think new investor support, enhanced safety, and faster development processes—CityView is perfectly timed to make waves.
Jay Paul agrees: “We’re long-term owners of the property, and unlike short-term investors or fee-driven developers, our low basis in the property allows us to take a strategic, sustainable approach ensuring solid returns.” That long-term vision means more vibrancy for Downtown San Jose, boosting everything from local businesses to the company’s own properties like 200 Park.
Get Excited for What’s Next
CityView is a chance to help turn Downtown into a place that’s buzzing 24/7. More homes, cool shops, and a modern workspace. That’s the recipe for a city on the rise.
