A housing highrise in downtown San Jose could replace an office tower project.
SAN JOSE — A housing highrise in downtown San Jose could replace an office tower project, a development that, whether commercial or residential, could sprout at one of the gateways to the city’s urban core.
“We are excited to have submitted an application for Arbor, a new majority residential development project, where we were fortunate to have another opportunity to collaborate on the design with the world-renowned Studio Gang,” said Andrew Jacobson, principal executive for Westbank’s U.S. operations. Westbank has proposed several projects in downtown San Jose. These include residential towers and office highrises.
Westbank’s gambit to switch an office project to a residential proposal is hardly a surprise, considering the dire conditions for the vacancy-plagued Bay Area office sector. Tech companies, in turn, have a greatly reduced appetite for office space since they have been trimming workers in the Bay Area.
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