Downtown San José Can’t Afford to Tolerate Blight
The Big Picture A vacant lot at 605 S. Second Street in San José’s SoFA District has become the latest example of a growing problem facing downtown: blight. The site was once approved for a 29-story affordable housing tower, but today it sits overgrown with weeds, surrounded by a damaged fence, and subject to city […]
Project would replace downtown San Jose parking lot with affordable homes
Affordable homes may sprout on a downtown San Jose surface parking lot The Big Picture A surface parking lot in the core of San Jose could become 173 units of housing, with 171 designated as affordable. The proposal, led by The Sobrato Organization and Pacific West Communities, targets a 1.3-acre site near the Hammer Theatre […]
Despite high-profile deals, high office vacancy rates haunt Bay Area’s three major downtowns
Sky-high office vacancy levels haunt Bay Area’s three major downtowns The Big PictureDowntown office markets across the Bay Area — including San Jose, San Francisco, and Oakland — remain stuck with vacancy rates above 30%, despite a wave of high-profile leasing activity driven largely by AI firms. A new report from Cushman & Wakefield shows […]
Is struggling hotel a bellwether for downtown San Jose?
Is struggling hotel a bellwether for downtown San Jose? – San José Spotlight The Big PictureSan Jose’s largest hotel — the Signia by Hilton downtown — may soon be put up for sale, creating a critical inflection point for the city’s recovery. The property, owned by BrightSpire Capital, has faced ongoing challenges since the pandemic, […]