Santana Row opens new public plaza and 1,300 space garage

The capstone project at the very end of Santana Row is nearing completion, and two very important components of that project have just opened. First, a new 21,000 SQFT signature plaza is now open to the public. It features fountains, benches, a re-planted oak tree, and the beautiful landscaping Santana Row is known for. When the building is complete, there will be new retail stores wrapping around the plaza as well.

The second component is a much-needed 1,300 space parking lot, just north of the plaza. This should make parking at the Row much easier during those busy summer months.

Another nice perk of the garage is 50 (!) new EV parking stations, bringing the grand total to 134 at Santana Row. San Jose has one of the highest concentration of electric car owners in the world, so this is greatly appreciated.

Santana Row was the site of the very first Tesla store and there is a new amenity that I didn't really see announced anywhere. Last year, there were 0 Tesla Superchargers in San Jose. These are highly coveted since they charge 3 to 10 times faster than normal chargers. Today, there is not one but two Supercharger stations at Santana Row with a total of 36 stalls, making it one of the largest Tesla stations anywhere. Based on the press release for the new garage, they may get 25 more stalls in the near future since 61 Tesla stalls are referenced.

Downtown San Jose Farmers’ Market season begins May 3

The Downtown San Jose farmer's market is back tomorrow from 10am-2pm on San Pedro Street! Check out the full press release below.

Fresh produce, hot food, unique gifts available each Friday, 10 a.m.-2 p.m. at San Pedro Square

SAN JOSE - The Downtown San Jose Farmers’ Market, presented by Kaiser Permanente, will take place Fridays 10 a.m.-2 p.m. starting May 3 along San Pedro Street between Santa Clara and St. John streets.

The market includes fresh produce from California growers, fresh cut flowers, special gourmet foods and artisan booths full of clothing and crafts.  The energy of the market is lifted by live music, special food booths, San Pedro Square restaurants lining the street and thousands of downtown employees and residents who make the market part of their weekly routine.

The Pacific Coast Farmers’ Market Association (PCFMA) recruits 25-40 farmers and the San Jose Downtown Association oversees the street closures and other vendors. The partnership dates back to spring 1993, when the market was originally located at First and San Fernando streets. This is the 27th season.

Admission is free.

For more, check PCFMA.org, the @PCFMA Facebook page and sjdowntown.com

The market continues each week into November. On average, 2,500 residents, office workers and visitors head to the Farmers’ Market.  Customers are encouraged to bring their own reusable and washed bags.

Market partner Kaiser Permanente has teamed with the Downtown Association and PCFMA for nine years, educating attendees on healthful and “green” living that allow each individual to thrive.

In the spirit of thriving, many market shoppers walk to the market.  Those who drive can get parking validation for the Market-San Pedro Garage at the SJDA information table.  Visit www.parksj.org. Valley Transportation Authority (VTA) recommends riding light rail to the Santa Clara Street or St. James Street stations.  More at VTA.org.

Follow the Downtown Farmers’ Market on Twitter (@SJ_Downtown) and Facebook (/sjdowntown and /DowntownFarmers’Market).  The market website is https://sjdowntown.com/farmers-market-presented-by-kaiser-permanente/

About the San Jose Downtown Association:  The San Jose Downtown Association is a non-profit group of business and property owners working to improve the vitality and livability of downtown San Jose.  Established in 1986, SJDA programs more than 100 days of events each year.

Diridon Community Engagement Event: May 4 at SJ Museum of Art

The SJSU Master of Urban Planning Program is hosting an open house along with CommUniverCity to discuss how Diridon can be better connected to the rest of Downtown San Jose. In addition to some thoughtful discussion, the event has free food, activities, and entertainment and will take place this Saturday, May 4th from 10am to 2pm at the San Jose Museum of Art (also worth checking out).

You can RSVP over here.

Atlas Obscura - San Jose

Atlas Obscura is an interesting site that show unique or historical spots within a city. Their mission is "to inspire wonder and curiosity about the incredible world we all share." It is often used by travelers when planning trips to new places.

Atlas Obscura has a section for San Jose, but it has only 14 entries. This is compares to 168 entries for San Francisco or 324 for Manhattan. Heck, even Sacramento had 13 attractions listed. So what can we do about it? At the very end of the page, we can submit more suggestions for unique places and things to do in San Jose. Just head over here to see the current list and add your suggestions.

Hat tip to Kyle O'Dea for sending this in.

Google expanding to North San Jose

Google has a long term vision of building an epic 8 million SQFT campus in Downtown San Jose near Diridon. That project that will probably take a decade to come to fruition. Fortunately, there is another Google project in North San Jose with a much shorter horizon.

Google has just secured leases on three buildings totaling 611,535 SQFT that have yet to be constructed at 60 North Brokaw (near Casino M8trix). Peery-Arrillaga, the developer, has already requested permits to start construction. Two of the buildings would be eight stories tall, while the third is four stories.

The buildings could accommodate up to 4,900 employees, and they could start moving in as early as 2021. That sounds like ages from now, but is less than two years away. Since Mountain View real estate is completely tapped out, this is the first step in a long journey for Google to move the majority of their Silicon Valley operations to San Jose. Without major changes in building policies up north, San Jose is without a doubt Google's future.

Sources: SVBJ, San Jose Inside

Future Motion opening 60,000 SQFT facility in San Jose

Future Motion makes a one-wheel electric skateboard that is becoming increasingly popular. The self-balancing skateboards retail from $950 to $1,800. I see a bunch of them every time I'm in Downtown San Jose.

While the company is currently headquartered in Santa Cruz, they are opening a new manufacturing outpost in North San Jose at 2250 Zanker Road. Future Motion expects to employ 150 people at the new facility.

For additional information on Future Motion and the industrial market in general, check out the source link below.

Source: SVBJ

San Jose has fastest growth in international visitors to US cities

Of the 40 US cities attracting the most overseas visitors, San Jose was the fastest growing. We had 611,000 international visitors in 2017, which is a 25% increase from 2016. Note that these do not include visitors from Canada and Mexico. This compares to a nationwide increase of only 0.7% over the same period. That makes us the 19th metro in the US for international tourism.

San Francisco comes in 5th nationally with 3.4 million international visitors, but they actually saw a decline of 3.6% in the same period.

International visitors have a major impact on the economy measured in the thousands of dollars per single visitor. In fact, one full international flight can contribute a million dollars to the San Jose economy. While we do not rank very highly overall right now in terms of international visitors, the fact that the number is growing rapidly is a good sign.

Source: SJ Economy Blog

"Will a Vibrant New Skyline Finally Give San Jose a Sense of Place?"

There is a great article about San Jose in Redshift, a publication about the future of "making" that specializes in architecture and design. Silicon Valley is growing up, and creating a sense of place will become a very important part of our future. The article mentions the multitude of projects coming our way in the near future. Over 5.5 million SQFT of projects are in the works, including MIRO (two 28-story high-rise apartments), Modera, and Invicta. The new projects will connect Downtown and are more about placemaking than facades. The long term architectural strategy for one San Jose architect, Stenberg Hart, is creating buildings that impose an architectural point of view on San Jose and catalyze the community. The end goal is helping San Jose create a unique local culture that will eventually shape the overall aesthetic of the city.

To read the article, head over here.

Viva Calle 2019 Part 1 - "Downtown and Eastbound" on May 19th

One of my favorite events of the year returns is returning in a big way. During Viva Calle SJ, miles of city streets will be completely shut down to let people walk, run, bike, or skateboard down the streets of San Jose. For 2019, the event will take place twice! The first event is on May 19th and the second will take place sometime in September.

Viva Calle features multiple activity hubs which are basically festivals-within-a-festival that highlight the local area. For part 1, the activity hubs will be at St. James Park, Parque de los Pabladores in SoFA, and Emma Prusch Farm. You can expect live music, vendors, food, activities, bike parking, and good times at all three hubs. In between the activity hubs you will still find all sorts of interesting stops, hydration stations, and stores. Last year over 100,000 people attended the event.

The route will extend from Emma Prusch to near Willow Glen. At the intersection of Keyes St. (Story Rd.) and 1st St., you will be able to take 1st/Market St. all the way to the St. James Park area.

Viva Calle 2019 "Downtown and Eastbound" takes place on Sunday, May 19th from 10am to 3pm (streets are closed until 4pm). It is completely free and has no designated beginning or end as it's not a race. It is not clear yet if PokemonGo will be integrated into the event like the previous two years. You can use the handy map below to locate the routes and festivities. For more info, head over here. Hope to see you there!

San Jose Wayfinding Project

The SJ Economy Blog has some interesting information on a Wayfinding Project for San Jose. The goal is to provide block-by-block guidance to Downtown visitors.

One of the big challenges Downtown faces is that there are many districts that are poorly connected with dead space in between them--empty store fronts, parking lots, etc. Thankfully, the Knight Foundation funded a project to help overcome this key issue and city staff is working on implementing some of the proposals.

The first phase of the program will focus on delivering navigation totems throughout Downtown at key intersections. It will cover a ten-minute walking radius and the first totems will be placed along San Carlos between the convention center and SJSU. It will help visitors and students branch out into other parts of Downtown.

The totems for now will unfortunately be static, which is inconvenient as Downtown is changing very rapidly. I was hoping for interactive screens that would be better suited for the "Capital of Silicon Valley" and perhaps direct people to events happening that day or allow for integrating creative art or even location-based games. At least there will likely be a mobile way-finding element at some point.

For more info, check out the link below or check out the Knight Foundation report.

Source: SJ Economy Blog

Santana Row Summer Fashion Show

Below is the press release for Santana Row's most popular event of the year. Tickets often sell out, so if you are interested it would be a good idea to buy them early.

~~~

On Saturday, June 8 at 2 p.m. Santana Row’s most popular annual event, the Summer Fashion Show, returns to showcase the coolest looks for a hot summer in the most summery of spots – Santana Row Park. This professional runway show will benefit The Princess Project, an organization that collects dresses and gives them to teens all over California to make sure everyone feels like a princess at prom. Participating retailers include:

• Free People
• Kendra Scott
• Tea Collection
• Ted Baker
• Anthropologie
• Everything But Water
• …and more Santana Row retailers!

Tickets are $50 and include seating at the runway show, access to the on-site style boutique, champagne and wine, light hors d’oeuvres, a Passion for Fashion shopping card with exclusive incentives and post-show soirees. Tickets are now on sale online, and inside the Santana Row Concierge. 

Bay Area Michelin Star Restaurants - 2019 Edition

The Michelin guide is the most renowned rubric in the world for measuring culinary success. Unfortunately, we have some bad news this year. San Jose's first and only Michelin Star restaurant, Adega in Little Portugal, lost its star after holding the honor for two years. It's unclear why, although it is still featured in the guide as a recommended restaurant.

Michelin has three different star categories:

• One Star - A very good restaurant in its category with cuisine prepared to a consistently high standard. A good place to stop on your journey.
• Two Stars - Excellent cuisine, skillfully and carefully crafted dishes of outstanding quality. Worth a detour.
• Three Stars - Exceptional cuisine with distinctive dishes and superlative ingredients. Worth a special journey.

There are also restaurants in the Michelin guide that do not get a star, but are considered "Michelin Recommended." This is already a significant honor that a very small percentage of restaurants achieve. Within this category San Jose scored a total of 8 restaurants, which is up two from last year (one is Adega). Luna Mexican Kitchen on the Alameda is the newcomer. Fortunately we we did not lose any Michelin recommended restaurants this year.


San Jose Michelin Recommended Restaurants:

• Downtown
• Back A Yard
• East San Jose
• Adega
• Midtown
• Luna Mexican Kitchen
• Din Tai Fung
• Walia
• South San Jose
• Thien Long
• Lau Hai San
• Camden
• Zeni

I also created a Google doc listing all of the star recipients for 2019, along with tabs for all previous years and some general statistics. Below is an image capture from the doc. This year there were a total of 57 restaurants that were awarded Michelin stars, which is up 2 from last year and an all-time high for the Bay Area. 63% of the restaurants are locating in SF, 18% in Silicon Valley (split evenly between the South Bay and the Peninsula), 16% in Wine Country, 2% in the East Bay, and 2% in Marin. This is the first time ever where Silicon Valley has more Michelin Star restaurants than Wine Country. There are 5 new restaurants on the list for 2019 and 3 that did not make the cut or were closed down. The only new starred restaurant on the list from Silicon Valley is Protege in Palo Alto.

Source: Michelin Guide

"A Spoonful of Sherman" U.S. Premiere @ 3Below Theaters & Lounge

A great song is always "singable, sellable, and most of all, sincere."

This is the core belief of The Sherman Brothers where we come to love many of their songs including those from Mary Poppins, The Jungle Book, Winnie The Pooh, Charlotte's Web, and the infamous, "It's a Small World After All." Nevertheless, "A Spoonful of Sherman" is much more than The Sherman Brothers  - it's about their family.

The San Jose Blog was given an opportunity to talk with Robert J. Sherman, the son of Robert B. Sherman and the nephew of Richard M. Sherman. After his father passed away in 2012, Robert launched a posthumously biography of his father but thought a book signing wasn't really appropriate. Given this, Robert decided to do a small cabaret show in London with just four cast members and with him as a narrator. With low expectations, Robert did not realize that his show would garner rave reviews including 4 stars from The London Times. Robert worked with a producing partner and reworked the show to what we have today as "A Spoonful of Sherman."

3Below hangs these colorful umbrellas in their lobby to welcome "A Spoonful of Sherman"
Photograph taken and with permission by John Huân Vu.

"A Spoonful of Sherman" is a loving tribute to Robert's family starting from the roots of his grandfather, Al Sherman, to The Sherman Brothers, to his own life as a songwriter and composer today. In addition to 55 songs, the show is narrated by the singers themselves where we follow the family during the Great Depression, the fight in World War II, the successful work under Walt Disney, and their continued legacy to today. The show had its world premiere in the United Kingdom with a tour in the United Kingdom and Ireland. In the future, they are hoping to do a production in South Africa and Singapore.

Nevertheless, it was an honor for Robert when Guggenheim Entertainment reached out to have the United States Premiere at 3Below Theaters and Lounge! Like The Sherman Brothers, it was no coincidence that the brothers and producers of 3Below (Scott Guggenheim and Stephen Guggenheim) really wanted "A Spoonful of Sherman" to be at their theater in San Jose. As Robert puts it, the brothers were persistent!

A close up set of "A Spoonful of Sherman" from Row E
Photograph taken and with permission by John Huân Vu.

The set of "A Spoonful of Sherman" from Theater 3 Entrance
Photograph taken and with permission by John Huân Vu.

Well, the persistence paid off when I had the opportunity to see the show on Sunday, April 14, 2019 at their matinee. The last time I got to see a stage production was "Sondheim on Sondheim" and you can read my article on The San Jose Blog here. The production was significantly different from "Sondheim on Sondheim" where "A Spoonful of Sherman" was focused on a gifted, talented, and close-knitted family.

Although I would consider myself a Disney fan, I was more keen to hearing about the Sherman family and listening to other unknown musical pieces. Fans of Mary Poppins would know its songs including the infamous "A Spoonful of Sugar", "Jolly Holliday", "Feed the Birds", "Step in Time", "Chim Chim Cher-ee", and "Supercalifragilisticexpialidocious". With the amazing lighting and set design, the singers were able to narrate the story while bringing all its songs to its fruition. 

Robert J. Sherman talks to the cast and audience after the show of "A Spoonful of Sherman"
Left to Right: Susan Gundunas, F. James Raasch, Barry Koron, Robert J. Sherman, Theresa Swain, Stephen Guggenheim, Shannon Guggenheim
Photograph taken and with permission by John Huân Vu.

For me, there were some songs that stood out. Although he is the main pianist throughout the show, Barry Koron sung "Crunchy Crackers" humorously as a bird from the musical "Love Birds." In honor of one of Al Sherman's work, Theresa Swain sang "Now's the Time to Fall in Love" taking a positive spin during the Great Depression. If you love Winnie the Pooh, you would enjoy the singing and acting of "The Wonderful Thing about Tiggers" done by Shannon Guggenheim. F. James Raasch was able to make us laugh by monkeying around in "I Wanna Be Like You" from "The Jungle Book." Giving life to "Chitty Chitty Bang Bang," Stephen Guggenheim lend his opera voice to the song "Hushabye Mountain" with Susan Gundunas expressing her pining love in in "Lovely Lonely Man."


Although some might consider the song "It's a Small World After All" an annoying song, learning about its history, especially at the height of the Cuban Missile Crisis, brings us the reality of why The Sherman Brothers wrote it. And if you get to see the show, try to hear that one extra verse added and only been shared on "A Spoonful of Sherman."

Robert J. Sherman with the cast of "A Spoonful of Sherman"
Left to Right: Stephen Guggenheim, Shannon Guggenheim, Susan Gundunas, Barry Koron, Robert J. Sherman, Theresa Swain, F. James Raasch 
Photograph taken and with permission by John Huân Vu.

Robert J. Sherman with the cast of "A Spoonful of Sherman"
Left to Right: Stephen Guggenheim, Shannon Guggenheim, Susan Gundunas, Barry Koron, Robert J. Sherman, Theresa Swain, F. James Raasch
Photograph taken and with permission by John Huân Vu.

Although I only covered the tip of the iceberg of "A Spoonful of Sherman," only you can experience the entire production in your own ears, eyes, and heart. Catch a performance today until May 5, 2019 on Thursdays to Sundays by purchasing tickets online at the 3Below Theaters and Lounge website at www.3belowtheaters.com or at their box office at 288 South 2nd Street San Jose, CA, (408) 404-7711. Discount tickets are available for seniors, students, military, and youth. Please note that although it's a family-friendly production, children under the age of 10 may find some parts boring and some parts exciting like "Let's Go Fly a Kite."

Written by John Huân Vu.

Living Spaces opening first San Jose store at Oakridge Mall

The Sears department store location at Westfield Oakridge officially has a successor. Living Spaces, a popular furniture gallery, will be taking 100,000 SQFT from the 140,000 SQFT two-story space. It will be their first store inside of a shopping center in the US--typically they are massive stand-alone stores similar to IKEA. It's not clear what Westfield Oakridge plans to do with the other 40,000 SQFT Sears is leaving behind.

This will be the very first Living Spaces in Santa Clara County. The closest one to San Jose today is in Fremont.

Source: SVBJ

April 2019 Downtown Dimension Highlights

The latest addition of Downtown Dimension features one of the most significant decisions in Downtown history--increased building heights. This clears the path to 300+ ft tall buildings Downtown and greater incentives for developers to invest in San Jose. In addition to the highlights below, Downtown has it's first true Persian restaurant at 205 N. Fourth St. and two new craft coffee bars. More details below:


The APRIL 2019 Downtown Dimension is now available at: https://sjdowntown.com/wp_2016/wp-content/uploads/2019/03/DTDAPRIL2019.pdf In this edition:

• Downtowners celebrate a City Council decision that allows downtown buildings to go higher than before, an SJDA advocacy initiative that took 12 years to complete and a city initiative that should provide economic boost to downtown and the airport. 

• The Successor Agency has almost completely dismantled the former San Jose Redevelopment Agency, now down to just a few remaining assets.

• Google continues to buy on the west side -- now up to 54 acres.

• Owners of larger downtown buildings must begin complying with a new ordinance meant to reduce energy and water use.

• Among the new businesses and offices opening in San Jose, say hello to AARP and Stone Stew Persian restaurant.

• Have you subscribed to the new-look Downtowner Online yet?  The Downtowner helps San Joseans make plans for the week and weekend ahead. Subscribe by sending a note to sjda@sjdowntown.com

Here's an invitation to attend SJDA's next public meeting, April 12, 8-9:30 a.m. at The Glass House. Main topic:  Mitigating homelessness downtown. Please rsvp to sjdarsvp@sjdowntown.com

Also for your information:

• Live and Local SJ supports live music in the center city.

• Traffic alerts keep up with lane and road closures and openings.

• Maps of downtown commercial property availability and development proposals.

• Boom City: SJDA's summary of new downtown building proposals and west side acquisitions.

Downtown Dimension is a leading source for information about downtown San Jose news, events and businesses.  Subscribe with a simple email to sjda@sjdowntown.com, subject line:  Subscribe.

Sofar Event - Singer Christina LaRocca on April 12th

Sofar is an interesting and unique concept where three-act musical events take place in secret locations including people's homes and retail stores. It's a great way to meet new people and brings a new level of intimacy to performances by aspiring musicians. Below is a short video that explains the concept.



We have one such event coming up in San Jose on April 12th featuring soulful singer songwriter Christina LaRocca. She is doing an international tour before launching her album "Whiskey Dreams."  You can preview Christina's music over here and "apply" for the San Jose event at this Sofar page.

“Adios Mama Carlota” @ The San Jose Stage Company

There’s no bad seat in the house.

Although I was sitting on the last row—also known as row 5—at The San Jose Stage Company (The Stage), it was far from a a typical nosebleed. As we sat around a beautiful and yet simple stage, the backing of the set contained picture frames that enveloped different projected images to tell us a story of each scene. From the beginning to the end, we witness the illusion and metaphors projected to us through the screens, lighting, costumes, and music on an unexpected true story of Mexico’s history with a contemporary and comical twist!

“Adios Mama Carlota, The Express of Mexico” is the world premiere production in partnership between The Stage and El Teatro Campesino in San Juan Bautista written by Luis Valdez and directed by Luis’ son, Kinan Valdez. Before opening night, Kinan shared to The San Jose Blog that The Stage was a “home away from home” especially the intimateness of the small theater. Growing up witnessing his father’s work at El Teatro Campesino, Kinan truly felt humbled and honored being asked by his father and mentor to direct this production. Kinan not only hopes that the production will help audience members leave the show as true collaborators, but rethink on the history of imperialism and abuse of power noting the layers of humor throughout the story.

Set at least 150 years ago in Mexico, we are led by Empress Carlota played by a regular cast and staff member of The Stage, Allison F. Rich, whose bold eyes and body language can rivet anyone into a storyline. Her husband, Maximilian, played by Will Springhorn Jr., whose character’s interesting life lacked the true foundation in himself both as a leader and as a lover.

Instead of being a footnote in the history books of the United States, we get to unpack the story better including the remnants of the United States Civil War (with a brief appearance of President Lincoln) to the north, the political realities of leading a country at home and abroad, and layers of relationship issues including sexual morality. We are led along other supporting characters (including the multiple ghosts) played by cast members rooted in the partnership of The Stage (Martín Rojas Dietrich, Edward Hightower) and El Teatro Campesino (Estrella Esparaza-Johnson, Noé Yaocoatl Montoya). After seeing him perform in Hand to God and Newsies, it was not surprising to see Sean Okuniewicz play another seductive character but this time wearing (or growing) a large beard. And to round it off, nothing touched my heart more than Jessica Osegueda who enhanced her character and the entire storyline with a couple of musical and dance numbers.

Catch a performance playing from Wednesdays to Sundays now until April 28, 2019. You can purchase tickets online at The Stage website at www.thestage.org or at their box office at 490 South 1st Street, San Jose, CA, 95113, (408) 283-7142. Discount tickets are available for students and seniors.

Written by John Huân Vu.

Union Pacific vs. Neighbors

Starting last month, the Union Pacific railroad began running trains at 11pm and 3am through Downtown, Japantown, Hensley and Ryland neighborhoods. Apparently during some nights the trains run at 11pm, 2am, 3am, and 4am--making it very difficult for residents to sleep and potentially impacting property values. The only solution proposed so far is creating a quiet zone by installing millions of dollars worth of equipment at 19 crossings. Unfortunately, that won't be happening anytime soon.

If you are in an impacted area, you can access the petition over here asking the Union Pacific to return to regular operating hours:  https://www.change.org/p/zoe-lofgren-stop-the-union-pacific-late-night-trains-through-historic-san-jose-neighborhoods

San Jose is the 8th Happiest City in the US

WalletHub crunched the numbers and evaluated the 180th largest US cities to find the happiest people in America. There were 31 indicators of happiness including depression rates, income growth, life expectancy, rate of illness & disability, participation in sports, and overall leisure time. San Jose made it to the 8th spot on the list. The only local city that beat us was Fremont at 4th place. San Francisco was two spots below us to round out the top 10.

Source: WalletHub, hat tip to Barclay Livker for sending this in

Watch the Light Between Two Towers

You can now rent Tom Wohlmut's exceptional documentary linking the San Jose Electric Light Tower to the Eiffel Tower over here! The 56 minute film takes you through a journey of how San Jose's innovative light tower was built, how it brought San Jose international recognition, and how it was tragically destroyed. The tower was one of the tallest man-made structures in the world when it was built and it illuminated a half-mile radius.

I was fortunate to watch the premier at 3Below Theaters and hope they will feature it there regularly for the full theatrical experience. The film is so packed with San Jose history that it should be required watching for all students in San Jose schools. Please support this great project and watch it using the link below.

Click here to watch the Light Between Two Towers!

The San Jose metro is the most "equity-rich" in the county

Of all the metro areas in the US, San Jose has the highest percentage of "equity-rich" homes at 72%. Equity rich means your loan-to-value ratio (LTV) is heavily weighted towards value. For example, if you have a loan for $300,000 and the home is worth $1 million, there is $700,000 in equity there and that would be considered equity-rich.

More than 7 out of every 10 homes in San Jose now fall into this category. In comparison, the San Francisco metro came in second at 61%. California has the highest share of equity-rich homes of all states, and came in at 39%.

Even more impressive, eight of the top 10 equity-rich zip codes in the USA are in San Jose. In the top 100, 85 of the top zip codes are in the Bay Area.

Yes, this is a very expensive place to live... but for those lucky enough to own their own homes there is some reassurance that you can either tap equity as needed or move to a less expensive place and live like someone that won a small lottery.

Source: SVBJ

2019 Annual Spring Symposium

The Urban Planning Coalition at SJSU is hosting their 8th Annual Urban Planning Symposium on Saturday, April 27th at the MLK Library. The theme will be of great interest to a lot of the locals urbanists and Downtown residents reading this--personal transportation devices (PTDs). Downtown patrons have become infatuated with scooters, shared bikes, and even funky one-wheel skateboards. The symposium discusses how these devices can become more sustainable, the impact on urban planning, and the future of these devices on the SJSU campus and Downtown.

Admission is free and breakfast and lunch are provided. If you are a student you will even get some credits for attending. To learn more about each panel and RSVP, head over here.

San Jose 2018 Unemployement

San Jose finished 2018 with the one of the lowest levels of unemployment of all time. At 2.5%, only May of last year saw a lower number (2.3%). The labor force also grew from 553,000 people to 575,000. Sometimes unemployment figures are better than reality because people give up and drop out of the labor pool entirely. The fact that the labor force grew shows that is not the case.

Wages in the San Jose metro also grew 4.5% in 2018, which outpaced San Francisco, New York, and Seattle. Keep in mind we already have the highest salaries in the US. Now is an amazing time to look for jobs or ask for raises!

Source: San Jose Economy Blog

Map of future Downtown San Jose projects

This collage was created nine months ago by CTA25 from the San Jose Development Forum on Skyscrapercity (yup, that's how far behind I am on the forum). While some projects already have revised designs and it is missing some of the recent megaprojects like Adobe's 4th tower and Boston Properties' insane 1.8 million SQFT proposal, this provides a pretty good perspective on just how different Downtown San Jose will look in a few years. Red lines are projects that are already well under construction.

Source: San Jose Development Forum (thanks for putting this together CTA25!)

Apple WWDC 2019 returning to Downtown San Jose

Apple's largest event of the year will happen in the middle of San Jose between June 3 and June 7th. The event brings tens of thousands not only the the McEnery Convention Center, but to supplemental events hosted all over Downtown.

If you are a developer and and want to register, today is your last day to join the lottery for a chance to buy the $1,599 admission pass over here.

Source: SVBJ

San Jose Light Tower v2.0 has a location!

There is finally has an official location for the resurrection of our most famous landmark. The City Council voted unanimously to approve the Arena Green near SAP and Diridon as the future home of a new San Jose Light Tower.

The next step is an international idea competition for the design of the tower called "Urban Confluence Silicon Valley." Individual teams will submit creative designs for the project and there will be an award for the top three.

The icing on the cake is that there will be a little extra height available for the new tower (see yesterday's post). By raising building height limits to FAA regulations, will gave the tower an extra 100 feet of potential. I'm sure the height will be full maxed and hope there are some options for virtual increasing that height as well (lighting, drones, etc.).

The official announcement from The San Jose Light Tower Corporation is below.

Downtown San Jose building heights set to increase

Believe it or not, San Jose building heights are actually below FAA requirements. The restrictions were self-imposed to boost the airport and attract more international flights. Now that we have one of the fastest growing airports in the country as well as the 2nd busiest in the Bay Area, the City Council has decided to remove some of those restrictions to help Downtown San Jose development.

There will be some negative impact to SJC. On the rare days with inclement weather where long-distance flights have to take off south over Downtown, they will need to either limit the number of passengers or cargo. This is required to safely fly over the Downtown core in the extremely rare event where one of the two engines becomes disabled.

The positive side to the changes is that most of Downtown will get an extra 15-30 feet of develop-able space, making high-rise construction more compelling to developers. In the Diridon area, you might see buildings up to 150 feet taller than what is allowed today. The change is estimated to open up over $4.4 billion worth of vertical real estate in the Diridon area alone.

Perhaps one day we'll have electric planes with vertical take off and landing and can completely eliminate the height requirements, but for now this is a positive step towards building a more dense and vibrant Downtown.

Source: SVBJ, SVBJ (2)