SAN JOSE — An old research and office site in north San Jose could be transformed into a modern industrial center for advanced manufacturing or tech-oriented logistics under a plan being floated at City Hall.
A development group intends to bulldoze an existing four-decade-old structure at the corner of Lundy Avenue and Concourse Drive and replace the property with a brand-new industrial building, plans on file with city officials show.
The new building would sprout on a 4.1-acre site at 2105 Lundy Ave. and 2031 Concourse Drive, according to the development proposal.
9th St. Partners, a real estate company that state business records show is based in the Los Angeles-area city of Manhattan Beach, has proposed the project.
The proposed building would total 102,000 square feet if it is developed, the project plans show.
The project would represent a big increase in the size of the building on the property. A 24,900-square-foot building constructed in 1983 now occupies the site.
“The outdated property is currently approximately 50% vacant,” according to the proposal.
The potential development would be of the type that could attract major tech-powered logistics and commerce companies such as Amazon.
“The proposed project is designed to reposition the property as a modern industrial facility that will appeal to technologically oriented logistics and/or manufacturing companies,” the development plans state. “The current improvements are functionally obsolete for these types of companies.”
The new project could provide an economic boost for this section of San Jose.
“Companies will be able to attract skilled workers with a high image (and) comfortable work environment” if the project is built, 9th St. Partners said in the development proposal.
The development company intends to develop the project on a speculative basis, that is, without any tenants signed up in advance.
“The building can help employers attract the talent required to operate technologically advanced facilities and serve technology-oriented logistics and manufacturing uses,” according to the project plans.
The development company has obtained a contract to purchase the site where the project would be constructed.
9th St. Partners is seeking projects at under-utilized sites that can become job hubs, according to the company.
“The firm was founded in 2019 with a single mission: to create value for the communities in which we work and our investors by developing state-of-the-art industrial facilities that generate new jobs for the community,” 9th St Partners states in a post on its website.
