Posted on 03/20/2014 12:40:24 PM PDT by nickcarraway
Who’s the mystery tenant moving into San Jose's biggest-ever office park? That’s the million-dollar question everyone in Silicon Valley is scrambling to answer.
Speculation started flying as soon as San Jose city officials approved the 2-million square-foot office project on North First Street and Brokaw Road in North San Jose on Wednesday.
The list of potential occupants includes everybody from Seattle-based Microsoft and Amazon, to locals Apple, Google and Facebook.
So far, the only person at City Hall who reportedly knows the name of the company is San Jose Mayor Chuck Reed, and he’s not talking.
"The company name is not something that I can divulge." Reed told NBC Bay Area. "They’ve asked me to keep it confidential and I will, but it’s obviously a pretty big deal for 2-million square-feet, it’s an awfully large space."
Reed added that it was a Fortune 500 company and people will recognize the name when they finally hear it.
"It’s a Silicon Valley tech company," he said. "There’s no doubt that there’s plenty of companies growing and we want to keep them here."
The project’s developers, Palo-Alto-based Peery-Arrillaga who are also behind Stanford's new stadium and the HP and Apple campuses, are not talking either. The firm did not immediately return requests for comment.
Reed underlined the importance of developing the North San Jose area in a September 2013 traffic impact fee incentive recommendation for large-scale offices and R&D campuses, including Peery-Arrillaga’s proposed project.
Jesse Jackson Targets Silicon Valley's Lack of Diversity “With its superior urban design features and proposed high densities [the proposed project] is an excellent example of how we can achieve the objectives of the North San Jose Development policy,” the mayor said.
He added that he was committed to supporting developments such as the Peery-Arrillaga project, which, "when constructed and occupied" will bring thousands of jobs and millions of dollars in revenue to the city.
Peery-Arrillaga was able to secure permits for the project in just six months and got the city to forgo $4 million in transportation impact fees.
The scale of the proposed project itself -- it's twice the size of Facebook's Menlo Park campus and more than two-third the size of Apple's planned "spaceship" campus in Cupertino -- has sparked quite a bit of interest. The site, located near Highway 101, where the Bay 101 Casino is located, is expected to house 8,000 to 10,000 employees in 10 seven-story buildings. There are also plans for an activity center with soccer fields and courts for basketball, raquetball and squash.
Reed says that he doesn't expect the tech pushback San Francisco and Mountain View are currently experiencing, in part because not a whole lot of people live in that area of San Jose.
"It's going to be a very iconic development for the city and for Silicon Valley," said Steve Piasecki, the city's interim planning official. "...You are going to know where the heart of Silicon Valley is in the not too distant future."
Although Piasecki said that there was enough infrastructure in place to handle the traffic impact caused by the proposed project, the city has already heared from concerned residents.
The proposed project is expected to break ground sometime in 2014.
OK, all this activity going on in the valley….
…and yet me and my American chip engineering friends can’t find jobs. For a long time. After taking classes. After having work in the “latest” technology on our resumes.
This is sickening.
Most of what is going on in the Vally right now is chip related. There are some fabless companies, but they mostly use fabs in China, Malaysia, Taiwan.
giggle_me_elmo.com
NSA’s West Coast hq?
Same here, can’t find job in silicon Valley, with all latest and greatest buzz world in resume.
Solyndra!!!
Yea!! They’re back!!!
Must be for all those Yahoo workers who can’t work from home anymore.
The reason tech jobs are hard to find is simple
401B VISA program, which continues to be expanded.
Contact your congressman and senators. This program needs to be curtailed!
Even if you have a job, it’s keeping your salary lower than it would be in an open market.
I have five guesses:
1) Apple abandoning their mothership campus in Cupertino for San Jose
2) IRS abandoning Fresno for San Jose
3) the building is the future headquarters for the yet to be built high-speed ‘rail to nowhere.’
4) the building is the future headquarters for the yet to be built massive central valley solar farm.
5) Santa Clause is relocating from the South Pole due to global cooling.
A large Silicon Valley company needs to move for whatever reason. And they chose to stay in Kalifornica? Must have sniffed too much silicon.
Some sort of Lockheed Skunkworks.
Everyone is all a TWITTER....
I’m saddened an indian tribe wasn’t able to open a local joint there. that land sat for years and years. I’m surprised Virgin isn’t mentioned..
South Pole? Santa Claus?
HA! where did that ‘south’ come from? My heart must be in Dixie this afternoon. North Pole it is - thanks :)
Initech?
….i believe you have my stapler
Temporary home for Apple while the build the spaceship.
Thanks nickcarraway. SM, any rumors?
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