February 2019 Downtown Dimension Highlights

The FEBRUARY 2018 Downtown Dimension is now available at:

https://sjdowntown.com/wp_2016/wp-content/uploads/2019/01/DTDFEB2019.pdf
In this edition:

• SJPD Capt. David Santos, the "Downtown Captain," answers questions about what makes his job special as he helps keep downtown safe.
• Update on BART -- back on track now and nearly fully funded.
• A look at WeWork's growth downtown and two of the organizations using it's desks.
• Four new restaurant openings.
• PBID takes care of trees from the roots up.
• Coming soon:  CINEQUEST & Winter Jazz Fest.
• Michelle Azevedo joins SJDA's staff as director of policy and operations.

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.

For information about weekly downtown events, also subscribe to Downtowner Online.

Souresseau News: Horse Power!

This week's history video is about early transportation in San Jose--namely horses. It's difficult to imagine a time when blacksmiths used to be the most important people in town and a limo was a wagon pulled by 6 horses. Kick back and journey 110-120 years back in time with this short documentary.

To watch the two minute video, click here.

Electric Motorcycle Company moving to San Jose

San Jose is getting another cutting edge transportation company. Lightning is a manufacturer of high-end electric superbikes that can top 200 MPH and travel 100 miles per charge. They claim these are the fastest production motorcycles in the world.

Lightning has relocated from San Carlos to 6299 San Ignacio Way in South San Jose. The space is five times larger, which will allow them to expand their in-house design studio and R&D--likely bringing even more jobs to San Jose.

Thanks to Nio, Lightning, and several complimentary companies building EV components like Velodyne, San Jose is establishing itself as the Detroit of next generation vehicles. Even Tesla was originally planning to build their factory in North San Jose.

Source: SVBJ

Souresseau News: When Letterheads Told a Story

This week's history video is about historic San Jose letterheads. Many of these were printed over a century ago and the quality of the artwork that went into them is quite impressive.

To watch the two minute video, click here.

SJC had its best year ever in 2018

Even with Lufthansa leaving SJC, the airport still posted a 10.7% year-over-year passenger growth in November. Overall passenger counts for 2018 were up a staggering 15%, making it by far the fastest growing airport in the region. San Jose now has 16.6% of the Bay Area air travel market while Oakland is at 15.9% (keep in mind Oakland was ahead of SJC until 2018).

In December, SJC broke their all-time passenger travel record. The previous record was 14,300,000 passengers and was set way back in the year 2000.

There are no signs of San Jose International slowing down. Several new flights are coming this year as well as six temporary gates that will serve as an introduction to a much larger expansion. I'm hoping we will get several new international routes this year.

Source: SVBJ, SVBJ (2)

Airbnb coming to Downtown San Jose

Another popular Bay Area company is making San Jose their home away from home. Airbnb is opening their first Silicon Valley office at 333 W. San Carlos Street. In an appropriate move for a sharing economy company, they are taking up about 50 seats from the 1,344 desks WeWork offers in the building. However, Airbnb is looking for a more permanent South Bay location in 2020, which hopefully won't be far from this office.

For more info, click the source link below!

Source: SVBJ

Souresseau News: Women at Work

This week's history video is about women in the workplace, starting with an 1860's photo of two San Jose female ranchers. While we still have inequalities in the workplace even today, it appears that there were more opportunities for women in San Jose many decades (or even a century) ago that I would have assumed.

To watch the two minute video, click here.

San Jose is the hottest housing market in the US

For the second year, Zillow has declared San Jose to be the hottest housing market in the country. High-salary tech jobs are continuing to drive prices and sales sky high. Currently there are 3.9 job openings for every 100 people in San Jose, giving us the highest rate of job openings of all large US metros. Combine that with the highest salaries in the US, and it is no surprise that our real estate market is still blazing hot.

There are some early signs of cooling. Population growth has slowed and inventory is creeping up. However, for now it's a really good time to be a home owner in San Jose based on Zillow's analysis.

Source: SVBJ