SAN JOSE — A downtown San Jose apartment, office and retail complex that’s next to the footprint of Google’s transit village has been bought by a joint venture that may seek to convert some of the spaces into live/work units.
The complex is also next to the footprint of a Google-proposed transit village that could become downtown San Jose’s newest mixed-use neighborhood. A bustling Whole Foods Market is just down the street from Vespaio. The South Bay metro area is deemed to be one of the nation’s strongest housing rental markets, the Cushman real estate agents said. Apartment rents in this area are among the nation’s highest, the real estate firm added.
Earlier this year, Windy Hill submitted preliminary plans to San Jose city officials to convert some of the retail and creative office spaces into live/work units. The live/work spaces would be in addition to the existing 162 residential units. Vespaio @ Diridon might become the new name for the property, according to some information contained in the city planning documents.
Mayweather Boxing + Fitness, The Preserve, and Cyclebar have all signed leases on the building’s ground floor, according to Mark Jones, an executive with The Hudson Cos. These leases total a combined 5,100 square feet, based on a site plan in a marketing brochure for the property.
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