It’s been a hot market recently, with a sharp decline during Shelter-In-Place (March 16th), but incline of showing interest (only with a July 4th dip), then back to climb.
Please let me know how you and your family are doing during this health crisis. I am a Professional Fiduciary Association of California of the Silicon Valley chapter affiliate member and a Senior Real Estate Specialist but mostly you’ll appreciate my wide resources and contacts to help you get the help for your family needs.
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As locals in Silicon Valley we can’t help notice all the cranes, increased traffic and new construction going on everywhere around us. What is going on?! We’re about to experience a new age in the changing landscape in San Jose / Santa Clara as Silicon Valley makes way to retain its reputation and dominance as the global powerhouse of innovative technology. South Bay cities, Santa Clara and San Jose, are positioning to attract future talent from a national and international talent pool as both cities resolve their contentious differences and now creating new commercial buildings for mixed-use development to attract more tech companies and places to live, dine and entertain.
CityPlace, a six and a half billion dollar development next to Levi Stadium in Santa Clara is a multi-phased, mixed-use development of up to 9.16 million gross square feet. It will be the hub of Santa Clara consisting of office buildings, retail, entertainment facilities, residential units, hotel rooms, surface and structured parking facilities, new open space and roads, landscaping and tree replacement, and new, upgraded, expanded infrastructure and utilities. Oh, is that all? Watch out Los Angeles and San Francisco, looks like we’re about to compete and have world class entertainment, its about time too! (More on CityPlace here)
CityPlace will be a 240 acre project site from Parks/Open Space and Regional Commercial to Urban Center/Entertainment District.
The city of San Jose promises to pay sixteen million in traffic improvement related to the project in Santa Clara. Monies will not come from the general fund but by developer fees. San Jose Mayor Sam Liccardo and Santa Clara Mayor Lisa Gillmor pledged to work together to find solutions related to traffic and affordable housing.
On the border of cities Santa Clara and San Jose is the new development called Santana West. The Santana West complex is across the street from Santana Row, a successful shopping, residential, dining commercial destination and is now planning on building a third commercial buildings totaling 1 million square feet. Two of the buildings would contain 350,000 square feet each, and the third would offer 300,000 square feet of office space. “Santana Row is a place, it’s a destination, it has an identity,” said Dave Sandlin, an executive vice president with Colliers International, a commercial real estate firm. “Tech companies want cool buildings, cool locations like this to make it easier to attract good employees.” said Steve Horton, a vice chairman with Cushman & Wakefield. (More here)
Fortunately for us nostalgic South Bay residents, the new Santana West construction will preserve one of the landmark domed movie theater that for decades has been a familiar sight on Winchester Boulevard. Here’s the story of Century 21’s former space-age, futuristic vision coming to pass.
Companies such as Splunk is betting on the success of Santana Row’s location to attract employees. Signing a long-term lease at 700 Santana Row, Splunk’s new building will feature seven levels of office area above ground floor retail, and a parking garage with approximately 1,300 spaces. (More information here)
“City life stresses us out psychologically and physically, but an occasional retreat to the sea can help us avoid stress-related health problems, researchers say. In a survey of over 1000 California beachgoers, Hipp and his team found those who experienced the most stress in daily life found the beach the most psychologically restorative.” (See article scroll below)
Whether if you’re a mountain biker, a weekend paddle boarder, a beachcomber or a sunshine worshiper, there’s a lifestyle waiting for you and more versions of yourself to newly discover. Life is good and it’s healthy to unwind!
Here are the markets of Santa Cruz County sold single family homes for 2/23/2019 to 01/24/2019.