518 new apartments in San Jose's Japantown are already 95% leased

Shea Properties and Ivanhoe Cambridge launched Sixth and Jackson luxury apartments in Japantown earlier this year, named after the cross streets where you can find the 518-unit complex. Even though it just opened pretty recently, the property is already 95% leased. This goes to show how strong the San Jose housing market is right now, even with floorplans starting at $2,656/mo for a studio and scaling to $5,200/mo for a three bedroom unit.

The project is split between two seven-story buildings with tons of amenities like a yoga room, rooftop lounge, dog run, co-working spaces, meeting rooms, a spin room, outdoor entertainment areas, Shea Properties also built a new public park between the buildings called Heinlenville Park, named after the person that helped transform the neighborhood in the late 19th century. The park will eventually have a $30 million arts incubator and community center, but construction on that project hasn't started yet.

It's quite an upgrade for Japantown, one of my favorite neighborhoods in San Jose. It's great that they were able to integrate so many community elements into the project and there is still quite a bit of retail on the ground floor available for lease to further enhance the area in the future.

Source: SVBJ

Silicon Valley Turkey Trot 2023, a San Jose Thanksgiving tradition

This is the 19th edition of the annual 5K/10K run/walk that benefits five local charities: Healthier Kids Foundation, Housing Trust Silicon Valley, Second Harvest Food Bank, The Health Trust and The Healthier Kids Foundation Santa Clara County. 

This is your chance to burn some calories before indulging in a delicious Thanksgiving feast, while also supporting a great cause. Plus, you'll get to enjoy the beautiful scenery through Downtown San Jose, Japantown, and The Alameda; live entertainment along the course; and a swag bag that includes a long-sleeve tech shirt, a finisher medal, and a reusable water bottle. 

Don't worry if you're not a seasoned runner. The Silicon Valley Turkey Trot is open to everyone, regardless of age or fitness level. You can choose to run or walk at your own pace, or join a team with your friends, family, or coworkers. You can also register your kids for the Kids Fun Run, which is a half-mile loop around Plaza de Cesar Chavez. And if you're feeling extra festive, you can dress up in a turkey costume or any other creative outfit. Trust me, you won't be the only one!

The Silicon Valley Turkey Trot 2023 will take place on Thursday, November 23rd, starting at 7:30 a.m. at Santa Clara Street and Market Street. The registration fee is $45 for adults and $20 for kids until November 15th, after which it will increase to $50 and $25 respectively. You can register online at www.svturkeytrot.com or in person at any of the packet pickup locations listed on the website. Don't miss this opportunity to join thousands of your fellow San Joseans in a fun and meaningful tradition that makes our city so special.

See you at the starting line!

  

Break Stuff - San Jose's "stress relief demolition center"

I have heard of "rage rooms" before but didn't actually know of one that existed in San Jose. Before getting into a flurry of Thanksgiving and Christmas posts, I figured I would plug one option for getting your stress out before the holidays.

"Break Stuff" is a place that celebrates exactly what the name implies. It's the Bay Area's first and only stress therapy demolition center. Their purpose is to provide a venue that encourages controlled chaos, and by that I mean you get to break all sorts of old TVs, computers, glass bottles, garden gnomes, etc... whatever your heart desires.

Their packages range from $100 for 30 minutes of B.Y.O.B. (bring your own stuff to break) to $200 for 6 electronics and 60 glass items that they will provide for you. They have two rooms that can each hold 5 people at a time. If breaking things isn't your cup of tea, they also have axe-throwing.

Break Stuff has a Yelp rating of 4.8/5 with 256 reviews, which is very impressive. If you are looking for a unique corporate event or alternative way of hashing out family drama, it's worth a shot! Break Stuff is located at 860 S. 1st Street (between Camino and Clandestine Brewing) and is open Thursday through Sunday. You can read all of the rules and make reservations over here.

San Jose ranked as 2nd best city to go to for Thanksgiving 🍗

Thanksgiving is one of America's favorite holidays and US families spend an average of $325 per person (!) during Thanksgiving weekend. This also includes your Black Friday and Cyber Monday shopping.

WalletHub decided to look for the best cities in the US to celebrate Thanksgiving using 18 different metrics divided across five major categories: local celebrations and traditions, affordability, safety, volunteering, and weather.

San Jose came in 2nd place in the Thanksgiving rankings right after San Francisco. San Diego gobbled the 3rd spot. Despite an abysmal affordability rank, San Jose ranked highly in celebrations (think Turkey Trot), safety, giving thanks (volunteering), and of course weather. I love those Indian summers where we have gotten to celebrate Thanksgiving outside with family.

Source: WalletHub

SJSU is officially taking over the Signia (former Fairmont) South Tower

San Jose State University and developer Throckmorton Partners have agreed to acquire Signia's South Tower. Throckmorton will purchase the building for $73 million and lease it to SJSU. Another $40 million will be spent on improvements and fees. 

This building was previously know as the Fairmont Annex and has Morton's and Bijan Bakery on the ground floor today. Going forward the building will be known as the Spartan Village on the Paseo.

SJSU will convert 264 hotel rooms that are occupied some of the time to housing for 700+ students that be there for most of the year. It should have a net positive effect on foot traffic and density around Plaza de Cesar Chavez. It will also force SJSU students to go through several blocks of Downtown San Jose as they travel to and from campus, giving them more exposure to the area around campus. It's a great location and any student would be lucky to have their dorm in this building.

Renovation of the lobby and second-floor mezzanine into a student-centric environment will begin almost immediately with amenities such as a large dining area, fitness center, a games room, and co-learning spaces. 

I have been wondering what will happen to the giant bridge that connects the Signia's main tower to the South Tower. Turns out that is part of the sale as well and it will become a study lounge, perhaps one of the coolest places to study in any SJSU dorm. There is also an underground tunnel between the buildings used by housekeeping. It's not clear if that will be incorporated in some way as well.

Unlike new construction, students will not have to wait years for the building to arrive. The dorms should be ready for the 2024-2025 academic year, which starts next Fall. 

Source: The Mercury News

San Jose luxury apartment complex on The Alameda may become affordable housing in 2024

In an interesting pivot, Catalyst Housing Group is trying to acquire Modera - The Alameda and convert the property into affordable housing. The big question is... why?

Modera is a 168-unit apartment building that is being marketed as luxury apartments. It's literally located next to a Whole Foods and is blocks away from the SAP Center, Diridon Station, and the rest of Downtown San Jose. The Alameda is also a great neighborhood in its own right. 

While I think for-sale affordable housing will be better for the neighborhood as residents will stay in the community longer than those in apartments, it raises a lot of questions as to why Modera is for sale in the first place. It it struggling to maintain a profit or do the owners just want to cash out? Have they lost optimism in the location after Google delayed their Downtown West plans? (It's very close to that as well).

If anyone has additional insights or perhaps even lives in the building, please post your thoughts in the comments or on X (Twitter).

Source: SVBJ

Eight-story apartment building proposed near future San Jose Google campus

A restaurant called Con Sabor a Mexico on 500 West San Carlos Street might become the site of an eight-story apartment building. The address is significant since it's in the "Downtown West" neighborhood that Google eventually wants to turn into an urban campus in the Downtown San Jose.

The proposed building would have 90 apartments across eight floors, and 2,670 SQFT of ground-floor retail. Based on the initial render it looks like it will include some amount of parking. I don't quite understand the grid on one side of the building. Those could be some form of child-safe balconies or interior hallways that allow airflow to pass through.

Even without factoring for the Google campus, the location is a few blocks away from Diridon station and a few blocks away from Discovery Meadow and the Guadalupe River trail. The site would be extremely convenient for Adobe employees as well.

So far the development plans are preliminary and there is no formal ETA.

Source: The Mercury News

Stunning new illustration of Downtown San Jose

It's a pretty small community of people that make art specifically about San Jose. I'm a big fan of Phillip Gonzales from West Coast Artworks who prints original illustrations highlighting our city with a pinch of creative license on museum-grade canvas. I have bought two of his pieces in the past, SoFA district 1.0 (3rd one down) and Downtown San Jose (fourth one). Everyone that sees them at my house loves them.

He has a new work that is simply titled San Jose Downtown 2023. It features the Downtown San Jose skyline from the 280 and 87 intersection. If you look closely you'll spot some of our newer high-rises like 200 Park and the Miro Towers.

Phillip is also working on a couple of new pieces that should be ready in a few weeks. To go through all of his work, head over here. I'll also update my X and Facebook banner temporarily in honor of the new work!