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Downtown San Jose Caltrain towers would be Google village gateway: new plans

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Downtown San Jose Caltrain towers would be Google village gateway: new plans
Towers would create more than one million square feet of office and retail space next to train station

SAN JOSE — Caltrain is rolling forward with plans for two office towers in downtown San Jose totaling more than 1 million square feet, a project that would craft a gateway for Google’s proposed transit village in the area.

The proposed towers would rise on a site bounded by West Santa Clara Street, South Montgomery Street, Stover Street and Cahill Street, according to a Caltrain update regarding the transit service’s real estate plans next to Diridon Station.

Caltrain describes the project as “a transit-oriented development that will deliver more than one million square feet of office on Caltrain’s high-profile site across from San Jose’s main transit hub.”

The towers would total 1.09 million square feet of office and retail space. This includes 1.05 million square feet of offices and 46,000 square feet of “ground-floor active uses,” the Caltrain proposal states. These ground-floor spaces are expected to include restaurants and shops.

The northern tower, which would be adjacent to West Santa Clara Street, would total 570,000 square feet, consisting of 542,000 square feet of offices and 28,000 square feet of “ground-floor active uses,” according to the Caltrain proposal.

The southern tower adjacent to Stover Street would total 530,000 square feet, consisting of 512,000 square feet of offices and 18,000 square feet of ground-floor active uses.

A plaza between the two towers could create a gateway leading from Diridon Station to the footprint of Google’s proposed transit-oriented neighborhood, which is called Downtown West.

“The development parcel is located directly adjacent to Google’s Downtown West,” Caltrain states in its real estate update.

Google is planning a mixed-use village of office buildings, homes, shops, restaurants, hotel facilities, entertainment hubs, cultural loops and open spaces where the search giant could employ up to 25,000 people.

Significant design changes have been added to the Caltrain project, the rail service stated in its real estate update. Among the changes: both towers will offer improved access to adjacent streets and the southern tower would be shorter than initially envisioned.

Caltrain also intends to seek out a development partner that would lead the actual construction of the project.

The train service would undertake a ground lease arrangement whereby Caltrain would own the land beneath the buildings and the development partner would own the structures.

This arrangement would enable Caltrain to collect rent on a long-term basis from the ground lease, depending on the success of the project.

The rail service intends to ensure that its two towers and Google’s transit village will be harmonious.

“Caltrain staff and consultants are coordinating closely with Google to ensure that the design complements surrounding uses,” the transit service said of its own two-tower proposed development.

Full article by George Avalos: https://www.mercurynews.com/2022/04/27/downtown-san-jose-caltrain-tower-google-village-real-estate-develop/#:~:text=Caltrain%20is%20rolling%20forward%20with,for%20Google’s%20proposed