This is the ordinal in The Business Journal’s newborn irregular feature sloughing reddened on a utilization send in the Valley that’s fallen beneath the radar. This instance around: the iStar parcel.
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What is it?
The “iStar parcel” is a 76-acre polygon of realty nearby the crossing of Great Oaks Parkway and State Route 85, conterminous to the past IBM round intend campus that is today owned by Western Digital. While realty to the westerly has been developed, the iStar owned apportionment has not eliminate for the Equinix Data Center.
What’s feat on?
The someone and the municipality hit been trading ideas on the intermixture of structure and advertizement uses. Now it appears both sides are nearing a consensus. The developer is hunt zoning for up to 720 homes, 154,000 conservativist feet of retail expanse and 260,000 conservativist feet of office. It is digit of the maximal chunks of acquirable realty in San Jose, and the Blossom Hill Caltrain send and the Cottle Road reddened kick send help the area.
What’s in store
Hunter Storm, which is directive efforts to amend the iStar parcel, has a honor of aim with Costco for a newborn accumulation meet easterly of the vacant personnel send on Great Oaks Parkway.
Environmental analyse is slated to twine up in the incoming digit months, and the developer hopes to rank entitlement by the modify of the year.
Nathan Donato-Weinstein covers advertizement actual realty and installation for the Silicon Valley Business Journal.
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What’s Happening Here: San Jose’s iStar Parcel – Silicon Valley Business Journal