City officials have granted final approval to one of the largest proposed projects in San Jose. A partnership between San Francisco-based TMG Partners and San Jose-based Valley Oak Partners is slated to start construction next year on a three-building development. This project would add up to around 1 million square feet of new development at 440 West Julian St.
This project, dubbed “Platform 16”, anticipates being open to tenants sometime in 2021. According to Mayor Sam Liccardo, the development is intended to help bring thousands of jobs into San Jose’s city center, an area that already offers easy access to public transit. The Mayor also mentioned that the development will also include “a number of public space improvements that will help connect the Guadalupe River Park to Platform 16 and the rest of the Diridon Station area.”
TMG Chairman and CEO Michael Covarrubias said in a statement Monday. “Platform 16 is well-aligned with the Diridon Station Area Plan’s bold framework to integrate open space, transportation, and development to meet the evolving needs of the region’s technology and business community and its employees.”
This project will replace a slew of industrial structures and parking spaces. The site will also include four levels of underground parking with about 2,264 parking spaces. This is the largest project that the City of San Jose currently has in store, however, the nearby site of the proposed Google campus would still be significantly larger.
Mark Schmidt, managing director at CBRE Group Inc., is marketing the project. Schmidt said in a recent statement, “Platform 16’s unique architecture, with its exceptionally tall ceiling heights, expansive floorplates, and multiple outdoor terraces, brings a level of design to San Jose not seen before, providing an opportunity for companies to create a workplace that sets them apart from the competition.”