February 14, 2020
Canadian developer Westbank and San Jose-based Urban Community are partnering to develop an assembled portfolio of sites in Downtown San Jose from St. James Park to the SoFA District. Westbank affiliates Peterson Group and OPTrust have also invested in the portfolio of sites.
In their announcement, Westbank and Urban Community note they share an ambition to be an integral part of San Jose’s transformation into a leading tech and creative economy hub.
Westbank will focus on the creation of a master plan for the partner’s San Jose portfolio, which includes the Bank of Italy Building (pictured), Museum Place, BoTown Valley Title, Fountain Alley, and 255 West Julian.
“Ultimately our goal for Downtown San Jose is to create a community for the creative economy that brings companies out of their existing ‘industrial parks’ and integrates them within the city’s urban fabric,” said Westbank Founder Ian Gillespie.
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