Trammel Crow is buying up more land even closer to Diridon potentially for another large office development adjacent to the now approved #Diridon. Which has yet to break ground.
http://www.mercurynews.com/2017/06/0...d-124-million/
Quote:
San Jose downtown property buyers widen footprint, spend $124 million
SAN JOSE — Commercial real estate investors who are grabbing properties near the Diridon Station in downtown San Jose are expanding their footprint with a property purchase north of the SAP Center.
The newest purchase, a warehouse industrial building on Cinnabar Street, was sold for $51.5 million and will give developer Trammell Crow its first beachhead north of the SAP sports and entertainment complex
“Diridon Station will be an extraordinary opportunity for our city,” San Jose Mayor Sam Liccardo said Thursday during a presentation to an Economic Summit at San Jose State. “This is an enormous development opportunity. Millions of square feet of office and retail space could be built there.”
Trammell Crow and Rhyolite Enterprises have spent $124 million in a downtown shopping spree expected to revitalize that section of the city’s urban core.
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