April 17, 2019
Park Delmas, an assemblage of 2.19 acres of vacant land in Downtown San Jose, has hit the market for sale. The site at Delmas Avenue and Park Avenue is being marketed unpriced by property owner Park Delmas Investors LLC, an entity associated with developer Robson Homes.
The opportunity is near Google’s planned village, a project that could bring as many as 25,000 jobs and 8.5 million square feet of office space to Downtown San Jose. It is also within a Qualified Opportunity Zone designation, and may benefit from San Jose’s recent decision to increase the potential building heights in Downtown San Jose.
Park Delmas Investors’ Dominic Boitano says, “The 2.2-acre site is well-positioned to be an influential and transformative part of the continued build-out of the Diridon Station Area. This is a key downtown property in a great neighborhood, and a project here could change the skyline of San Jose.
The owner hired Integrated Capital Management’s Scott Selke, NKF’s John Leyvas and The Helen James Company’s Andre Hunt to handle the assignment.
For comments, questions or concerns, please contact Dennis Kaiser