Saturday Stats: San Jose Metro has Nation's Strongest Job Market!

The South Bay has the strongest job market in the US based on a new government report. In the 12 month period that ended in July, total payroll employment increased by 6.2%, giving us the fastest growing job market by a huge margin. Tacoma came in second at 5% job growth, while the San Francisco and Salt Lake City metros were tried for third at 4.4%. The East Bay did not rank in the top 10 and had a gain of 2.2%.

To add more color on this data, over the last year 60,400 jobs were added in the San Jose Metro. Half of them were high-tech jobs (presumably with high salaries). We're not just adding tons of jobs, we're adding tons of great jobs.

Source: Siliconbeat

Centerra Has Two Pending Leases!

That giant high-rise across the street from the San Pedro Square Market already has leases pending for two of its five retail pads on the ground floor. L'epi D'or is a popular Asian Bakery in Cupertino. A bakery has been at the top of people's wishlists for the San Pedro Square Market, so I think this will be a great addition to the area.

Popbar would take the prime corner spot at St. John and Almaden Avenue. It is a dessert shop featuring handcrafted gelato on a stick. It is a small chain with several international destinations but only two locations in the US (New York and Anaheim). The pistachio gelato wrapped in crushed pistachios and dipped in dark chocolate looks amazing. If this opens up, I will definitely be swinging by every time I go to the San Pedro Square Market.

The fact that this retail is already filling up is exciting news and a great sign for the San Pedro area in Downtown San Jose!

Source: Robertee from the San Jose Development Forum

San Jose State University is Beating Out Elite Schools for Tech Jobs

A recent CBS report reveals that getting hired at a high-paying Silicon Valley tech company does not require a degree from an "elite" school. In fact, Silicon Valley companies are hiring more San Jose State University alums than any other college or university. As an example, SJSU topped both Stanford and Cal for the most alums working at Apple.

What is the secret of the university's success? SJSU students have a reputation for getting stuff done. You can sit around and talk about a problem all day, or you can get your hands dirty and fix it. I imagine the prestigious schools spending more time teaching their students about theory and planning versus execution. Plus, many SJSU students are already working while studying, and nothing beats real-world experience.

The word is starting to get around. SJSU enrollment is up to 33,000 students this year, and many of them are coming internationally from countries like India. The University is building a global brand and an outstanding reputation, something that will benefit San Jose and our local economy for generations!

Source: CBS, Big hat tip to Dan De La O for sending this in!

September 2015 Downtown Dimension Highlights

Here are my notes from the latest edition of Downtown Dimension:

• New homeless programs are being launched to ease the homeless problem Downtown. The programs start September 30th and include:
• A new service center staffed by PATH (People Assisting the Homeless) will open on Second and Santa Clara to provide law enforcement, business owners, and others help with homeless issues.
• PATH will deploy uniformed outreach teams to work with the homeless, including clinicians to work with mentally ill homeless people.
• A new helpline for residents and stakeholders of the Downtown area: (408) 510-7600
• Potentially doubling county-operated shelters.
• Converting the Plaza Hotel to 49 rooms for transitionally homeless.
• The 2015 San Jose homeless population dropped by 15% from 2013 and 2015, so some of the current initiatives seem to be working.
• Insight Global has moved its office to 50 W. San Fernando, Suite 900
• First to Market has morphed into The Craftsman on 399 S. First St. [Josh: they also have one of the best cocktail bars Downtown]
• Singlebarrel is now Haberdasher in the basement of 43 W. San Salvador St. The outdoor sign is a pair of scissors, a bowler hat, and a tie.
• Insight Realty is proposing an epic mixed-use project at 180 Park Ave. called Museum Place. The plan would include a hotel, residential units, offices, and an expansion of the Tech Museum.

To read the full newsletter, click here!

Sourisseau News: The Home Front

The latest edition of Sourisseau News takes us to San Jose during World War II. There are some great photos in this latest video, including Moffett Field. Enjoy the two minute trip back in time right by clicking play on the video below.


Sourisseau News August 2015 The Home Front from WMS media Inc. on Vimeo.

Splunk Is Leasing a 234,000 SQFT Santana Row Office Building!

The newest office building at Santana Row is getting a tenant well before construction is even completed, and it's a significant one. Splunk is a leading data mining company that went public in 2012. The company is currently headquartered in a 213,000 SQFT building in San Francisco. While they are not planning to move their headquarters, Splunk has decided to dramatically increase their investment in the South Bay and move their modest Cupertino operations to one of the most impressive office buildings in Silicon Valley.

The new building at 500 Santana Row has nearly a quarter million square feet and is situated at the tail end of the row with easy access to a couple dozen restaurants, premier shopping, and many other amenities. The office itself has every luxury feature a tenant could possibly want including 13-foot ceilings, outdoor terraces, and an onsite cafe. You can check out some of the renderings below.

This represents a huge win for San Jose and Santana Row. Splunk will bring as many as 1,300 high-paying tech jobs to San Jose with immediate access to San Jose retail. The city will get increased tax revenue from both the office component and sales taxes from Splunk's employees that are shopping and dining out. This double-dipping is one of the many benefits of mixed-use projects. The fact that this is a San Francisco company investing in building a quality outpost in the South Bay and not the other way around is also notable.

Sources: SVBJ, Hillrise from the San Jose Development Forum

Blast From the Past - Downtown San Jose is Getting Illuminated!

Below is an old post from December 26th, 2012 describing a killer project that would illuminate two highway underpasses that are gateways to the Downtown core. Guess what... almost three years later the project is going to happen! Work begins today according to the San Jose Trails Twitter feed!

Downtown San Jose is Getting Illuminated!

Here is a nice little Christmas present for all those that live, work, or play in Downtown San Jose. Two highway underpasses are about to get painted in LED artwork, which you can see below. The first is the main gateway to the Downtown San Jose core--where 87 passes over Santa Clara Street. This important area connects the HP Pavilion and Diridon Station with the rest of Downtown. Right now, it's pretty gloomy and can feel less than inviting if you are walking by yourself. However, that is about to change. Tons of LED lights donated by San Jose-based Philips Lumileds are going under the overpass along with colorful paint that will pop when hit by the lights.

The second underpass is the where 87 passes over San Fernando Street. This project is a bit more modest but the effect is the same. Artists are taking a gloomy overpass and turning it into an attraction. The photo shows blue and green lights, but with LEDs there is always a possibility of making the lighting dynamic.

All of this is made possible by a program called Illuminating Downtown, which received a $600k grant from ArtPlace America and other contributions from the SJDA. These first two lighting projects should be complete by fall 2013. I believe there will be two other areas that are getting lit as well, but am not 100% certain about that. In addition, they are also talking to high-rise residential apartment owners that are looking to illuminate their buildings (The 88 did a GREAT job with this and Axis isn't too shabby either).

I think this is a big step towards making San Jose look like the capital of Silicon Valley. Personally, I can't wait to see these two projects completed. This is showing that Downtown San Jose is moving in the right direction when it comes to public art and creating a more inviting atmosphere. Growdwerx is also doing a great job when it comes to lighting up parts of Downtown.

2013 is going to be a great year!

Source: SVBJ

Highway 87 & Santa Clara Street


Highway 87 & San Fernando Street

Deluxe Eatery & Drinkery

A new restaurant and bar called Deluxe is going to open very soon at 71 East San Fernando Street, the address last used by Azucar. They have been posting some delicious-looking dishes on their Facebook Page as a teaser. Chad Ferry is Deluxe's chef and has worked in a long line of notable restaurants such as The Plumed Horse, Paolo's, Spagos, and Lark Creek Blue. I have never had short rib tater tots before, but the concept sounds amazing to me. It also looks like they are going to have some slick artwork in there by local San Jose artist Francisco Franco (see the last image below).

That is pretty much all the info I have right now, but will update this post as soon as I know the exact opening date.