The San Jose City Council on Tuesday unanimously approved the new land-use guide for the 250-acre area centered on Diridon Station, the city’s biggest transit hub. The plan was slated for approval earlier this month, but council members delayed taking action until this week to go over some last-minute changes.
The plan hasn’t gotten a lot of coverage, but it’s a big deal for the long-term future of the area, which is just opposite downtown on the other side of Highway 87.
The plan is sweeping — check out the city’s Diridon landing page for in-depth resources. In brief, the plan envisions up to 4.96 million square feet of office/R&D/industrial space, 424,000 square feet of retail, 2,600 residential units and 900 hotel rooms within its boundaries. The area includes SAP Center and land slated to house the city’s long-hoped-for A’s stadium. Also, Diridon Station, the city’s largest Caltrain hub, is slated one day to include connections to both Bay Area Rapid Transit (BART) and high-speed rail.
It remains unclear whether there’s market demand to actually build all of that possible space — and how long it would take to get there. But there are some positive early signs; Chandler Pratt’s $60 million mixed-use project, located on The Alameda next to the under-construction Whole Foods, speaks to developer interest in the neighborhood, and we hear there are more projects coming behind that in other parts of the area plan.