California + Bay Area + Opportunity Zones | July 22, 2019

Urban Catalyst Assembles San Jose O-Zone Site, Plans Hotel Development

San Jose-based Urban Catalyst closed on the second of two adjacent properties located on West San Carlos Street near Josefa Avenue in downtown San Jose. In July, the multi-asset Opportunity Zone Fund purchased two properties in the coveted location only 200 yards from the proposed Google campus, and steps away from the SAP event center and Diridon train station.

The company plans to activate “The Keystone” property by building a new, select service, 170-room business hotel, which will offer high-level services and amenities, as well as onsite parking. The transit-oriented development will help create “a vibrant, livable and sustainable community,” says Urban Catalyst Founder Erik Hayden.

Urban Catalyst’s Josh Burroughs adds that “Through these property purchases, we are making bold moves to revitalize the area by filling the demand for downtown hotels offering walkability and easy access to mass transit.”

Colliers International’s John Kovaleski, David Buchholz, and Alex Kovaleski represented the buyer.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.