Eos & Nyx is getting closer to opening

The most highly anticipated new restaurant and bar in Downtown San Jose right now is Eos & Nyx. This is being done by the same owners of Miniboss, Paper Plane, Still O.G., and Alter Ego. It's a flagship two-story restaurant and bar in the building that used to house Camera 12 (Urban Putt is in there as well).

I was walking by and not only was there furniture, but they were testing the mechanical system on the 2nd floor that opens the windows. Look at that glorious patio space on the ground floor! 

It was supposed to open this year, but that might still be a bit of a stretch. Below are the spy shots followed by the latest renders.

VTA's old campus will become housing

What will become of the old VTA office space when they move into the shiny blue tower at 488 South Almaden in Downtown San Jose? They currently have over 200,000 SQFT of space in North San Jose. It turns out that the 17-acre campus at 3331 North First Street will likely become housing. 

The VTA is not planning to sell the property after moving into it's new home. Instead they are planning to ground lease the land for transit-oriented development projects. VTA has not announced which developers they plan to work with.

The property could support up to 1,300 new homes and the location is in the Golden Triangle near thousands of San Jose tech companies. 

In order for this project to move forward, VTA will have to move into it's new home first. This isn't expected until 2026.

Source: SVBJ

VTA moving workers into one of Downtown San Jose's nicest office buildings

The shiny blue tower at 488 South Almaden (forever in my mind as the Sobrato Tower) has a new owner. The Santa Clara Valley Transportation Agency (VTA) has chosen it as it's new home. They had previously been looking for up to 500,000 SQFT to lease with an option to buy.

The 17-story tower has 379,000 SQFT and stunning views of Downtown San Jose. I attended an event on the penthouse floor many years ago and at the time it was by far the nicest office building I had ever been to.

The VTA has taken advantage of a challenging office market with over 3 million SQFT of office space up for grabs in Downtown San Jose. This purchase will certainly make a dent in office vacancies when VTA workers move in around 2026.

The new office space will be just minutes away from two VTA Lightrail Stations and several bus routes.

Source: SiliconValley.com

San Jose approves tax breaks to help fill empty office space

Downtown San Jose like most places is struggling to fill up empty office space. The San Jose City Council voted unanimously to approve a new policy to help entice companies to lease up vacant space.

Any business with at least 2,500 SQFT that signs up for a four year lease or longer will be exempt from paying city business taxes and fees for at least five parking permits for two years. It's a step towards helping bring more people to Downtown San Jose and filling up about 3 million SQFT of available office space.

There have been some positive news in Downtown's commercial real estate scene. More on that tomorrow.

Source: San Jose Spotlight

San Jose's Annual Harvest Festival

Today is Pumpkins in the Park, an annual tradition that brings thousands of people to the Guadalupe River Park in Downtown San Jose to enjoy family-friendly activities.

There is a large pumpkin patch, inflatables, lawn games, vendors, food trucks, and live music. This year the trucks are El Viejon, Cali Cool, Fire & Slice, and Akita Sushi.

The event runs from 10am to 4pm at Discovery Meadow (180 Woz Way, San Jose). It's right next to the San Jose Children's Discovery Museum.

For more information, head over here.

San Jose City Hall Block Party on Thursday, Oct 17th

Dozens of businesses around City Hall will be participating in the last Downtown San Jose block party for 2024. This is an up and coming area that is starting to get a lot of traction. Rollati, one of my favorite Downtown restaurants, is located in this district as well as the new and unique Paleta Planeta.

The event will feature live music, tons of food, over 100 local makers & artists, tours of new businesses, and activities for the whole family. Ground zero will be right in front of San Jose City Hall.

The event runs from 5pm to 9pm and there is free parking for 90min in city-owned garages or free parking all night on metered spaces after 6pm.You can also easily take Light Rail to the Santa Clara Station and walk two blocks.

San Jose Fry's Electronics will become a tech hub

The beloved Fry's Electronics on Brokaw road finally has a new destiny. Super Micro Computer, which is headquartered in San Jose, wants to build a 333,400 SQFT manufacturing and tech center in its place. This would be part of a future tech hub replacing the Fry's store and office building.

Fortunately, they would keep the Mayan facade from Fry's and somehow incorporate it into the project. The total project could encompass a couple million SQFT, but it could be years or decades before that comes to fruition.

Source: The Mercury News

Cisco is consolidating San Jose offices at Santana Row

After acquiring Splunk in 2024, Cisco is now working on consolidating office space. While the company has 30 buildings across its North San Jose campus, you could argue that their flagship building is sitting at the end of Santana Row. 

Cisco is planning to close four buildings at 3750 Zanker Road and 260, 300, and 350 East Tasman Drive and moving those lucky employees to the former Splunk headquarters at the Row in mid October.

The space--which I'm assuming was already pretty nice to begin with--is also undergoing a renovation. The best way to encourage people to head back into the office is to make the office an amenity. The location will certainly help here.

Source: SVBJ