Livable Neighborhoods, a Strong Economy and an Exciting Downtown
Story and King Roads—New Retailers Open to a Thriving Community
Plaza de San José, a new shopping center located in San Jose’s East Valley, opened its doors to consumers this fall. The project consists of approximately 191,500 square feet of retail space, and major tenants include Target, Walgreen's and FAMSA, one of the most successful furniture, electronics and appliance retailers in México. Along with the newly completed shopping center, there are also street and infrastructure improvements scheduled to be complete for the area by the end of 2005. The San Jose Redevelopment Agency (SJRA) invested $39 million, and Blake Hunt Ventures funded $73.5 million to build the shopping center.
The shopping center is a long-awaited project for the residents in the area. Planning the revitalization of the intersection at Story and King Roads, an existing San Jose Redevelopment Neighborhood Business District, began in the early 1990s when the community requested improved retail with access to more goods and services in the East side neighborhoods.
The corner of Story and King is home to three shopping centers and is the heart of the largely Latino community in East San José. Built in the 1960s and 1970s, property at these corners deteriorated due to a lack of investment and maintenance. By 1995, more than 120,000 square feet of space was vacant. The Redevelopment Agency worked with local community members and businesses to create a strategy plan, which was approved by the Agency's Board in 1997.
Two studies by the San Jose Redevelopment Agency in 1996 and 2000 found that surrounding Eastside neighborhoods were underserved by retail services. This retail “leakage” was estimated at a value of more than $250 million annually. With this powerful information and the approved strategy, the Redevelopment Agency began steps to redevelop the area, attract new retail businesses, and support existing merchants to meet the needs of both the neighborhood and the overall community.
For more information about the Story and King area, please contact the San Jose Redevelopment Agency public information office at 408.535.8549.
VISION NORTH SAN JOSE—AN UPDATE
June 21, 2005. The San Jose City Council approved Vision North San Jose, a strategy to position North San Jose for continued economic growth over the next 25 years. Vision North San Jose proposes to align North San Jose’s Innovation Triangle to the needs of current and future workplaces and workers, creating opportunities for more San Jose jobs and more homes near those jobs. The City Council certified the North San Jose EIR, approved a modification to the North San Jose Area Development Policy and related General Plan Amendments, and approved a Traffic Impact Fee Plan as well.
VISION NORTH SAN JOSE will:
For more information please contact:
Ru Weerakoon at 408.795.1843
Andrew Crabtree at 408.535.7893
Downtown San José for the Holidays
Come see why Downtown and Holidays have become synonymous! Garland, lights, snow (provided by snow machines) and carolers will welcome visitors to Downtown San José as they attend the many exciting events taking place over the holidays. Experience all that Downtown has to offer arts, retail, restaurants, and holiday fun!
Nov. 18-Jan. 16 Downtown Ice. Uniquely designed, serious and recreational skaters can take a spin inside, through or around 32 palm trees and under the stars. One of the most extraordinary rinks found anywhere in the world, Downtown Ice is certain to keep you in a jolly mood. Open daily, weather permitting.
Nov. 23-Jan. 1 Winter Wonderland. Enjoy amazing views from the 10-story Giant Gondola, the 60-foot-tall Ferris Wheel and the colorful Classic Carousel, all part of the array of Winter Wonderland attractions. New this year: the Paseo Holiday Boutique for those looking for unique San Jose gifts. See dramatic glass-blowing demonstrations, sample chocolates, and shop for loved ones.
Nov. 25-Jan. 1 Christmas in the Park. San Jose's best-known holiday tradition, now in its 26th year, allows people to stroll among 60 animated displays, hundreds of decorated trees and thousands of twinkling lights at Plaza de Cesar Chavez.
Dec. 4- The San Jose Holiday Parade. One of the top 25 parades in America, this one comes complete with giant helium balloons, more than two dozen big and brassy marching bands, beautiful floats that capture your imagination, clowns, celebrity guests and a visit from Santa Claus. 8:30 -11 a.m. along Market Street at Plaza de Cesar Chavez.
Dec. 1-23 Holiday Gallery of Gifts. Now in its fourth season, this unique holiday-inspired gallery by Phantom Galleries and produced by Two Fish Design is picking up momentum. Over 90 local artists, offering original works of art, textiles, jewelry, clothing, cards and other unique gifts are available for sale. Open M-F from 4-9 p.m. and Sat 12-5 p.m. at 55 South First Street (at Post Street ).
For more information about Downtown events, visit www.artsopolis.com/downtownsj.
Retail Renaissance in San Jose 's Historic District
Downtown's Historic District is emerging as a thriving retail area. The San Jose Redevelopment Agency, in partnership with developers CIM Group, Wilson Meany Sullivan, and Stockbridge Real Estate Fund II, is building two mixed-use developments that will bring new residents, additional retail space and public parking. The “Heart of the City” project located on Second & Santa Clara Streets is scheduled to be completed next year. Located on San Fernando Street between Second and Third Streets, CIM's “Central Place” project, one of nearly a dozen high-rise housing projects currently planned for Downtown San José, will officially break ground November 16, 2005.These two projects combined will add over 85,000 sf of retail space and nearly 500 housing units.
Along with the new developments, the San Jose Redevelopment Agency is renovating a number of historic buildings which will be completed over the next couple of years bringing an additional 28,000 sf of new ground floor retail space to the Downtown area.
Redevelopment Programs Focused on Small Businesses
The Downtown Facade Improvement Program continues with great success. Eligible businesses can receive up to $30,000 to improve their storefront.
For more information regarding the Signage Grant or the Facade Improvement Programs, please contact Hope Shapiro or Edesa Bitbadal at 408.535-8500.
Strong Neighborhoods Initiative (SNI) featured in
The Redevelopment Agency invested $39 million in the Plaza de San José Shopping Center
Story and King is the heart of San Jose's Latino community
42 million square feet of R&D and office space
6,675 housing units
Downtown Holiday Events :
• For more information about Downtown events, visit www.artsopolis.com/downtownsj
• More than 130 eating establishments
• Leasing activity for 2004-05 totaled 275,000 sf of new retail
More About SNI:
60 SNI projects have been completed and another 85 are now underway
By the end of fiscal year 05-06, the Redevelopment Agency will invest more than $67 million in Strong Neighborhoods Projects
2.6 miles of trails
150 park acres are open to the public
More than 15,000 trees, 9,000 shrubs, and 60,000 groundcover plants
• Will provide 100 year flood protection for Downtown San José