Google is edging closer to starting Downtown West near the Diridon train station, a mixed-use neighborhood where the search giant may employ up to 25,000 people. “A lot of good things are coming.”Īmong the projects that are underway or in the works in downtown San Jose: “There’s a lot of great stuff going on in downtown San Jose,” McMahon said. The development that’s blossoming in downtown San Jose is somewhat impeded by a sluggish recuperation from coronavirus spawned-economic woes, however.ĭespite these uncertainties and obstacles, several players are preparing or have launched an array of projects in the area. Miro, a downtown San Jose residential complex consisting of 630 units in two towers located at 181 E. “Miro is the highest quality apartment community ever built in San Jose.” “In turbulent times, there’s always a flight to quality,” Roth said. Miro was able to land the financing despite economic uncertainties such as a brutal bout of inflation and skyrocketing prices, along with fast-rising interest rates. “There was an incredible amount of enthusiasm from lenders for this property, and Pacific Life was willing to provide long-term, fixed-rate financing while Miro is still in lease-up,” Roth said. The refinancing package was arranged through JLL Capital Markets executives Charles Halladay, Brandon Roth, Lillian Roos, Spencer Bergthold and Elijah Lax. Pacific Life also saw plenty of potential with the new project that the lender has just financed. “Our new lender sees the potential in downtown San Jose,” said Ted McMahon, chief investment officer with San Jose-based Bayview Development.
in downtown San Jose. (Bayview Development Group)
A residential unit in Miro, a 630-unit housing complex consisting of two towers located at 181 E.
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