Landmark San Jose office tower is due to be complete in 2023
Source: Mercury News
SAN JOSE — A downtown San Jose office tower now under construction that may become an eye-catching addition to the city’s skyline is due to be completed sometime in the second half of 2023.
200 Park, an office highrise that has sprouted at 200 Park Ave. in one of the key areas that could help spur a revival of downtown San Jose, is scheduled to be finished slightly more than a year from now.
Jay Paul Co., a veteran real estate firm with more than a decade of success in leasing large office buildings to big-time tech companies such as Google, Amazon and Facebook app owner Meta Platforms, is developing the 200 Park highrise.
The 19-story tower at the corner of Park Avenue and Almaden Boulevard is being marketed to prospective office tenants by Phil Mahoney and Mike Saign, brokers with Newmark, a commercial real estate firm.
“The building should be finished by the third quarter of 2023,” said Mahoney, an executive vice chairman with Newmark. “There is really going to be nothing like this in Silicon Valley when it’s completed.”
200 Park totals slightly more than 965,300 square feet. That’s enough space to accommodate about 4,800 workers, using typical ratios for office square footage per employee.
The average floor inside 200 Park will total about 54,500 square feet, which could create wide-open office spaces for employees, a key consideration in the drastically altered world of the coronavirus era.
The office stacks in the tower will have access to exterior open areas arranged in a way to create “canyons” of natural light throughout the highrise, concepts for the project show.
“Outdoor terraces, multiple open decks and light canyons are all going to be major features of the building,” Mahoney said.
Access to open areas is deemed to be among the crucial components for a big office building at a time when workers clamor for the flexibility to be able to work in groups of varying sizes or even conduct tasks alone.
The coronavirus outbreak has unleashed these and other COVID-linked concerns. Tech companies and life sciences firms are among those that are actively seeking health-conscious office spaces.
“200 Park is designed to inspire and incubate your next big idea,” Jay Paul Co. stated on a web page that’s being used to help market the tower project.
The project began construction in the second half of 2019 when a small old office building on the development site was bulldozed.
As was the case with just about every major commercial estate project in the nation, development was suspended for some months during 2020. The 200 Park tower project eventually resumed construction.
Now, the Jay Paul Co. project is well past half-finished, the top of the building is complete and the glass exteriors have been installed on several of the floors. It is one of three major office projects that are proposed for Park Avenue that could accommodate several thousand workers and help bring more activity to downtown San Jose.
“200 Park will be the main landmark of the skyline for some time,” Mahoney said.
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