Boston Properties to co-develop Class A office campus in San Jose

San Jose office market

Boston Properties has signed agreement with an affiliate of San Francisco-based TMG Partners to develop Class A Office campus,
Platform 16, near Diridon Station in downtown San Jose.

Platform 16 is a 1.1 million square foot Class A office development located on a 5.4-acre site that is adjacent to Google’s planned eight million square foot transit village and Diridon Station, the largest multi-modal transportation hub in the Bay Area consisting of Caltrain, VTA light-rail, the ACE train, and the planned BART and high-speed rail lines.

The planned three-building campus, designed by world-renowned architect Kohn Pedersen Fox Associates, will feature large floorplates ranging from 25,000 to 90,000 square feet, 15-foot floor-to-floor heights, 16 large outdoor terraces and multiple indoor and outdoor workspaces as well as on-site amenities including a large fitness and wellness facility and conference center. The project will have immediate access to the adjacent Guadalupe River Park and various retail and restaurant amenities.

Office market in San Jose

The area near Diridon Station has become one of the region’s most prominent locations, home to more than 120 technology firms as well as consulting and financial organizations.

“I’m pleased that Boston Properties and TMG Partners will be co-developing this significant project and thank them for their investment in our city,” said San Jose Mayor Sam Liccardo. “This planned development will help bring thousands of jobs into our city center with easy access to public transit, and 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.”

Boston Properties expects to begin demolition and site improvements in the spring of 2019 allowing for a groundbreaking in mid-summer. The project could be completed as early as 2021.

“We are delighted to collaborate with TMG Partners to bring this project to life,” said Bob Pester, Executive Vice President for Boston Properties. “At the site of one of the biggest technology hubs in the country, Platform 16 will help companies attract and retain the best and brightest minds to the area by offering easy access to public transportation, housing, culture, food and entertainment in the heart of San Jose.”

“TMG and Boston Properties share the vision of a modern office campus that addresses the top priorities of today’s growing companies: a location uniquely transit-accessible, access to affordable housing with San Jose the number one housing-to-jobs ratio in the Bay Area, and a facility that promotes collaboration and efficiency through large floorplates and multiple outdoor spaces,” said Matt Field, CIO of TMG. “The building’s location will also allow employees to enjoy an exciting urban environment with the adjacent SAP Center, San Pedro Market, and the wide variety of cultural, culinary, and entertainment experiences in downtown San Jose.”

Boston Properties expects to begin demolition and site improvements in the spring of 2019 allowing for a groundbreaking in mid-summer. The project could be completed as early as 2021.

SEE ALSO : Google signs 15-year lease agreement in Cambridge, Massachusetts