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Old Posted Oct 4, 2019, 6:32 PM
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New investor partners with Boston Properties on massive San Jose office campus near Google project
By Matthew Niksa – Commercial real estate reporter, Silicon Valley Business Journal

A board that invests the assets of the Canada Pension Plan on Tuesday announced that it had partnered with office development giant Boston Properties Inc. to jointly develop Platform 16, a fully entitled 1.1-million-square-foot office campus near San Jose's Diridon Station . . . .

The project is slated to include three six-story office buildings and is adjacent to Google's planned, 6.5-million-square-foot transit village and to Diridon Station, which consists of Caltrain, VTA light rail and the ACE train and planned BART and high-speed rail lines . . . .

Boston Properties is demolishing existing single-story buildings and parking lots on the project site and relocating utilities off site. It expects to finish clearing the site by the first quarter of 2020, Sherman Chan, senior vice president of CBRE, told the Business Journal this week.

. . . construction on the project, which is fully entitled, can commence once the site is cleared and that it will take about three years. He said the buildings are designed to accommodate either a single high-tech tenant or multiple high-tech tenants due to its floorplates, which range from 25,000 to 90,000 square feet, 16 outdoor terraces, 15-feet floor-to-floor ceiling heights and its amenities.
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