High-rise developments are flowing through the construction pipeline in downtown San Jose, fueled by investor money and tax incentives—and it’s going to be that way for the next few years. The spur in development is due to opportunity zones, economically challenged areas where investors can receive federal tax breaks for putting money toward revitalization. While the pandemic...
Downtown San Jose bar owner resigns amid #MeToo accusations of sexual abuse
A prominent downtown San Jose restaurateur has resigned amid accusations of sexual assault, the latest in a sweeping #MeToo movement in breweries and bars. “My actions and gross misconduct in the past have hurt too many and my absolute apologies to ALL,” wrote Ryan Summers, owner of the beer bar and vegan eatery Good Karma...
UPDATE: San Jose council approves Google’s Downtown West project
After more than three years of community wrangling and negotiations, one of the world’s largest tech giants will have a home in downtown San Jose. The San Jose City Council Tuesday voted unanimously to approve Google’s Downtown West project, a multi-billion dollar plan by the company to expand into downtown San Jose. “Thousands of our...
Will downtown San Jose recover from office vacancies?
Office vacancies in downtown San Jose increased during the pandemic, but some say it’s only a matter of time before workers return. According to Silicon Valley MarketBeat, which analyzes commercial real estate activity, downtown vacancies rose during the beginning of 2021 from 14.2% to 17%—about 1.5 million square feet—compared to the first quarter of 2020....
Venture capitalist bringing green to downtown San Jose
The 96-year-old Bank of Italy building in downtown San Jose is one of the area’s most recognizable structures—a relic of Rennaisance Revival architecture in the middle of modern high rises. Soon, venture capitalist real estate developer Gary Dillabough, 58, will add a series of hanging gardens to the building’s facade. “We’re hoping to leverage experiences and...