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.
Developer dumps offices, eyes housing, seeks San Jose property sale
Tue Apr 30, 7:37pm UTC
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.