Welcome
to the Downtown San Jose Retail Announcements e-letter!
This e-letter contains retail announcements from
the San Jose Redevelopment Agency.
www.sanjoseretail.com
Volume 7
Announcing
Newly inked leases:
Pete
Escovedo Jazz Club (SoFA
- S. 1st Street): Internationally acclaimed musician, Pete Escovedo (and partners),
is opening a jazz club in the SoFA entertainment district! Expect seven nights
a week of incredible Latin music. Escovedo has long been a favorite musician
and performer in the Bay Area--if you can't wait until July, see him June
3rd at Music in the Other Park (St. James Park).
Opening: July 7, 2004
The
Record Shop (76
S. 1st Street): This local vinyl and compact disc shop provides music to meet
all of your dance, hip-hop, and R&B needs. Nestled between Plum Spa and
the Flying Pig Pub, the Record Shop is sure to be at home in its hip new location.
Opening: May 2004
M
Bar (78 E. Santa Clara Street):
An upscale martini bar has signed on for a space on for Santa Clara Street,
just around the corner from Lucky Strike Lanes and the Improv. Opening: Fall
2004
Ei8ht
Group (89 E. San Fernando): This
enigmatic group declares "the temperature is rising" on their website.
A restaurant & bar concept backed by experienced investors. Opening: Fall
2004
Bronze - The Tanning Salon (36 S. 1st Street): Feeling pale? Refresh your outer glow with sunless or low UV B tanning, then shop for new swimwear to show it off! Opening: September 2004
Recent
openings:
Lowry's
Irish Coffee (350 W. Julian, River
Street Historic District): Lowry's serves coffee, tea, made-to-order sandwiches,
pastries, and more. The atmosphere is comfortable and sunny. A great place
to stop on your way to work, or to have a relaxing lunch.
EB Games (125 E. San Carlos, across from SJSU): As one of the world's leading specialty retailers of video game hardware and software, EB Games, also known as Electronics Boutique, is on the cutting edge of new gaming trends. Their trademark tagline says it all, "We Take Games Seriously!"
La Victoria (131 W. Santa Clara, near San Pedro Square): Due to popular demand, this favorite taqueria has added a second location, less than a 1/2 mile from the existing site on San Carlos and Third Streets! The orange-colored secret sauce is a crowd-pleaser, and the service is never short of friendly and fun.
Pailin (325 S. 1st Street, SoFA District): Pailin has taken the place of Trieu Chau, and is serving delicious Chinese cuisine with a Cambodian flair. The menu is broad; both lunch and dinner are offered. Go on Thursday-Saturday, after 8 p.m. for free karaoke!
Starmars
(80 S. 1st Street, Historic District): Open on First Street between Smile
House and Flying Pig Pub. Starmars serves Ethiopian entrees, hamburgers, and
a wide variety of sandwiches, as well as breakfast! Hours start as early as
5am, closing is at 8pm.
Coming soon:
Spring 2004 Openings:
Postal
Annex
(125 E San Carlos)
Great Clips (125 E San Carlos Street)
Quizno's
(143 W Santa Clara Street)
Summer 2004 Openings:
Camera
12 Cinemas
(S. 2nd Street at Paseo de San Antonio)
Paragon & Hotel Montgomery (S. 1st Street)
The Vault (81 W. Santa Clara Street)
The Melting Pot (S. 1st Street near Post Street)
Togo's (18 N. San Pedro Street)
Fall
2004 Openings:
Black
Sea Gallery (S. 1st Street near Santa Clara)
Bijan Bakery (Fairmont
Hotel Addition)
Flames
Coffee Shop (Fourth Street Garage)
Lee's Sandwiches (Fourth Street Garage)
Zyng Asian Grill (200 S. 1st Street)
California Theatre/Opera San Jose (SoFA)
2005
Openings:
Lucky Strike Lanes
(Second Street, near Santa Clara)
More on Hotel Montgomery below.
ICSC
Appointments available...
Contact Kelly Kline
(408) 794-1038 to set an appointment for the ICSC Las Vegas conference, May
23-26th.
See www.icsc.org to find out more about
the International Council of Shopping Centers
Lowry's Irish Coffee - Now open!
Joie
de Vivre's Historic Hotel Montgomery readies for reopening.
Rehabilitation of the historic hotel will conclude
this spring in time for a June 18 opening. Its new operator, Joie de Vivre,
best describes this phenomenal building:
"Hotel Montgomery marries the past and present
of beautiful San Jose featuring a striking Neo-Classical design steeped
in casual elegance and comfort. The hotel’s lobby, guestrooms, meeting
spaces and restaurant/bar evoke a sense of dramatic authenticity—full
of interesting details and smart design features."
The hotel was built in 1911 and was one of the finest hotels of its day. It closed in 1989 after suffering damage in the Loma Prieta Earthquake. In 2000, it became the largest building ever moved on rubber wheels as it slid 186 feet south to make room for the Fairmont Hotel Addition. The rehabilitated hotel will feature 86-rooms, Paragon as its destination restaurant, and bocce ball courts.
Fast Fact:
San Jose has the highest
disposable income in the nation
according to
Sales & Marketing Management
Leasing
opportunities
are shrinking in Downtown San Jose as the
tenants snatch up available spaces. Call or visit soon to see if you are a
fit! Highlights:
- Fourth Street Garage
1,600 - 1,000 - 1,600 SF (three spaces) available at the base of a new 750-space
parking garage. Site is between the new city hall under construction (3,000
people daily) and the new main city & university library (10,000 people
daily), and located on major arterial streets. 
-
Fairmont Hotel Addition
7,000 SF available at the base of the four-star hotel's recent addition. The
site features high ceilings and patio dining opportunities. Co-tenants include
McCormick & Schmick Seafood Restaurant and Bijan Bakery. Adjacencies include
Hotel Montgomery, Camera Cinemas 12, and Zyng Asian Grill.
Brokers
and landlords have been in a flurry of
deal-making in the Downtown.
Thank you & kudos to:
-
Richard Berg, property owner in the SoFA District for signing on Pete Escovedo's
Jazz Club.
-
Todd Terkell of Barry Swenson's Green Valley
Enterprises for leasing 1,700 SF to the Record Shop and 1,700 to Starmars
Cafe.
- Jim Fox and Kirk Kozlowski of Saratoga Capital for signing on
M Bar (1,700 SF) and Ei8ht Group (3,900 SF).
- Sharon Carmichael of Terranomics for bringing us EB Games
(1,500 SF)
- Gary Hansen of
BT Commercial for bringing us Artist & Craftsman Supply (6,000 SF).
-Rick Anderson of Western Brokerage for bringing us Great Clips (865 SF) and
Postal Annex (1,500 SF).
- Bernie Kottlier of BT Commercial & Greg Carpenter of California
Equity Advisors for bringing us Flames Coffee Shop (over 6,000 SF).
- Sean O'Carroll and Jim Shepherd of Cornish & Carey for bringing us Zyng
Asian Grill (3,333 SF).
- John Kovaleski of Colliers for leasing over 5,000 SF to Togo's.
- Sean Kali-Rai of Atlantic Pacific National for bringing us Lee's Sandwiches
(over 5,000 SF).
- Blue Monkey Taco Lounge,
La Victoria, Quizno's & Togo's for opening second locations within the
Downtown!
Please let us know if you have a broker or landlord deal for us to highlight. sanjoseretail@sanjoseca.gov
Fast Facts:
Downtown San Jose - 5 Year Snapshot
52% more hotel rooms
10,000 new residents
16% more retail*
a half million square
foot city/university library
(generating almost 2 million visitors)
1 million square feet of new office space
*In 2003-4, new retailers (measured in SF) exceeded the size of the entire
Pruneyard Shopping Center in Campbell, Ca.
-
439 S. First Street
10,000 SF available in the heart of the SoFA District. A great opportunity
for a restaurant/entertainment concept. 70 linear street on First Street faces
Pete Escovedo's Jazz Club & First Street Billiards. 70 linear feet on
Market Street faces Convention Center and 380,000 SF office tower. Building
features exposed beam ceiling and brick walls, and skylights.
Contact sanjoseretail@sanjoseca.gov.
Downtown San
Jose…
San Jose is described
in the Zagat Survey 2002, as “The epicenter of Silicon Valley”.
With almost one million people, 300 days of sunshine a year, and
an average household income over $92,000, San Jose has “come
into it’s own as a living, working, shopping and entertainment
mecca.” -- Nation’s Restaurant News
SJRA is aggressively pursuing new retail, restaurant, and entertainment venues to support an existing strong tenant mix in the retail core. From 500 square feet on the ground floor of a historic building to 7,500 square feet at the base of a newly constructed luxury hotel, Downtown San Jose welcomes you!
Key Links:
San Jose Redevelopment Agency
San Jose Downtown Association
The CIM Group
Office
of Economic Development
Entrepreneur
Center
Convention
and Visitors Bureau
International Council of Shopping Centers
For more information on
retail in Downtown San Jose, check out SJRA’s retail website: www.sanjoseretail.com
Our website includes:
- Demographics
- Search function for available property
- Map of the retail core
- Resources and incentives (grant and loan programs, links)
- Current development project summaries
- Downtown strategies & plans
If you wish to be
removed from or added to our mailing list, please send an email to sanjoseretail@sanjoseca.gov
If you are interested in finding out more about San Jose's Neighborhood Business
Districts, send us an e-mail !
