California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
$3-Billion Market Park San Jose Lands Anchor Tenant
The $3-billion Market Park San Jose transit-oriented development in North San Jose has landed Safeway as a retail anchor. The 120-acre Silicon Valley development will consist of nearly 4,000 residential units, as well as roughly 1.5 million square feet of office space.
The project is planned to rise on the site of the long-time Berryessa Flea Market, adjacent to the soon-to-open Berryessa BART station. Market Park will have neighborhood parks and walking/bicycling paths.
Construction of the 100,000-square-foot retail center is anticipated to commence in fall 2019, with the new 65,000-square-foot, next-generation Safeway store expected to open in 2020. North Village’s Market Place shopping center will also include a major drugstore, financial institutions, as well as restaurants and service businesses.
Project management and office leasing are being led by Borelli Investment Company, while The Schoennauer Company is handling permitting for Market Park.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development





