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California  + Bay Area  + Apartments  | 

San Jose MXU TOD Receives $64M Development Financing

PCCP, LLC provided a $63.8 million senior loan to San Jose-based Hudson Companies for the development of Vespaio, a seven-story mixed‐use project in San Jose with 162 residential units and 39,042 square feet of retail and commercial space. Located at 138 Stockton Ave. just west of downtown directly across from Diridon Station, the project commenced construction and is expected to deliver in 2019.

Vespaio will consist of three floors of commercial space fronting Stockton Avenue, two levels of structured parking, and a luxury amenity package on the third floor that includes a business center, fitness center, resident lounge and test kitchen, gaming area, pool, spa, outdoor cabanas, common area rooftop deck with BBQs and fire pit.

PCCP’s Jim Galovan says, “PCCP’s loan will provide financing for construction and marketing funds for lease-up of the residential and commercial spaces.”

For comments, questions or concerns, please contact Dennis Kaiser

Connect

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
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