Developer dumps offices, eyes housing, seeks San Jose property sale
https://www.siliconvalley.com/2024/04/30/san-jose-home-house-real-estate-office-build-develop-economy-buy-tech/
SAN JOSE — A real estate firm has scuttled a proposal to build a big office building at a prime San Jose site and has now pivoted to a new plan for housing on the parcel even as the company seeks to sell the property.
The flurry of development and sales activity, along with the shift to housing, is a reminder of the feeble state of the Bay Area office market and how builders seek residential projects to cure their economic maladies.