A prime San Jose location where a big office, retail and fitness hub is proposed is now being eyed by a veteran residential developer.
SAN JOSE — A prime San Jose location where a big office, retail and fitness hub is proposed is now being eyed by a veteran residential developer, in a hint that shifts are in the works for the property.
An office complex, retail spaces and a fitness center were slated to be developed on that site, according to a proposal that real estate firm Cypress Equities had floated. But around 2022, tech companies suddenly halted their quest for new expansion sites. They began to slash jobs and shrink their corporate footprints.
Cypress Equities has struck a deal to sell its interest in the property to a unit of Texas-based Holland Partner Group, according to documents filed with the Santa Clara County Recorder’s Office. “Our goal is to create sustainable, socially connected places where people work, live, and enjoy life,” the company states on its website.
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