In this Issue:
• Historic District's New Retailers
• 360 Residences
• Featured Retail Opportunities
• Downtown Office Recruitment

Historic District's New Retailers

New restaurants and clothing boutiques are continuing to shape the identity of Downtown San Jose's Historic District while providing more dining and shopping options for Downtown's diverse audience.

Two new boutiques opened on South First Street, bringing their own sense of style and fashion to Downtown San Jose. On First Boutique (76 S. First Street - formerly The Record Shop) features independent fashion labels in men and women's apparel and accessories such as Modern Amusement, Paul Frank and DSL55. On the same block, Purist Boutique recently opened its doors at the former Pueblo Viejo location (66 S. First Street). Purist features urban apparel for men and women from brands like Stussy, Toki Doki and True Religion Denim.

Historic District patrons also have more dining and lounge options. For the mature crowd, A Perfect Finish (55 S. First Street) opened its doors at the corner of First and Post Streets. The upscale wine and dessert bar serves premium wines and spirits, scrumptious desserts and small plates in a living room like atmosphere. Across the street, Koji Sake Lounge (48 S. First Street) features over 25 kinds of premium sake and shochus, signature sake cocktails and small dishes in a modern deco setting.

Along with the new retailers and restaurants, CIM's The Globe residential complex between Second and Third Streets is currently forming an interest list. They will be opening an on-site leasing center in the summer with a full model unit for viewing. For more information, please visit www.theglobesanjose.com.

Three Sixty Residences Ground Breaking

Mesa Development's Three Sixty Residences located in the SoFA District at San Salvador Street between Market and South First Streets broke ground in April 2007. The 23 story luxury high-rise condominium tower with contemporary design and stunning views will feature 213 for sale units, 266 parking spaces and 11,000 sf of ground floor retail. For more information, visit www.360residences.com or stop by the sales center at the Fairmont Annex (170 S. Market Street, Suite 120) to view the spacious model unit.

Featured Retail Opportunities: The Historic District

The Historic District has a wide range of retail opportunities available from 1,386 sf to over 9,000 sf including:

           • South First and West San Fernando Streets (17-34 W. San Fernando              Street and 93-99 S. First Street): 10,000 sf (divisible)
           • 83-91 S. First Street: 9,000 sf
           • 20 Post Street: 1,386 sf
           • 25 Post Street: 5,000 sf (divisible)
           • 72-84 S. Second Street: 9,665 sf
           • 100 E. Santa Clara Street: 5,291 sf
           • 148-144 E. Santa Clara Street: 1,920 sf and 1,764 sf

For additional information about these properties, please email sanjoseretail@sanjoseca.gov and for additional retail opportunities, please visit www.sanjoseretail.com.  

Downtown Office Recruitment

The San Jose Redevelopment Agency’s new Office Tenant Recruitment and Retention Program is achieving early and measurable success. One notable new tenant is Xactly, a software company, will be moving to the historic Metropole building at 35 S. Market Street (formerly occupied by McClatchy Interactive). Kevin Crawford of Ritchie Commercial brokered the deal with Xactly and their CEO Chris Cabrera. In addition to the leases already executed, there is a long list of leases in various stages of negotiation. Of particular interest to prospective tenants are parking incentives, permitting assistance, sign grants, and Enterprise Zone tax credits.

Key components of this program are still under development. The first priority being a comprehensive database of properties, property-owners, brokers, vacancies, and current tenants. In addition, a map of the Core Business District office property vacancies, and a comprehensive marketing package.  

Having these tools in hand, the Agency will continue to actively participate in the recruitment and retention process, supporting brokers and property owners. Companies interested in locating Downtown, and brokers representing Downtown properties are encouraged to contact Angela Kelly at (408) 795-1861 for additional details on incentive programs and tenanting benefits.

San Jose Redevelopment Agency
200 E. Santa Clara Street • 14th Floor • San Jose, California 95113
Phone: 408.535.8500 • Fax: 408.292.6755
www.sanjoseretail.com

Newly Inked Leases
• The Reserve Restaurant and Art Gallery (32 S. Third): Art gallery and restaurant

Recent Openings
• A Perfect Finish (55 S. First): Wine and dessert bar
• On First Boutique (76 S. First): Men and women fashion apparel
• Purist Boutique (66 S. First): Urban apparel for men and women
• Koji Sake Lounge (48 S. First): Sake bar and lounge
• Santa Clara County Credit Union (140 E. San Fernando): Full service bank
• Rocco Cigar Store (81 E. San Fernando): Cigars
• Hunters San Jose (347 S. First): GLBT bar and nightclub
• Gumbo Jumbo (80 N. Market): Cajun/Vietnamese fusion food
• San Jose Market Center (Coleman and Taylor):
   - Dream Dinners: Assemble dinners
   to cook at home
   - Sally Beauty Supply: Professional
   beauty products
   - Wing Stop: Buffalo-style chicken
   wings

Coming Soon
• Tova Yaron Day Spa (Fairmont Hotel)
• San Jose Market Center (Coleman & Taylor):
   - Trader Joe's
   - Asqew Grill
   - El Pollo Loco
   - Carl's Jr.
• Taqueria San Jose (235 E. Santa Clara)
• Cup of Joe's (81 E. San Fernando)
• Flames Coffee Shop (88 S. Fourth)
• Bijan Bakery (Fairmont Annex)
• Pizza #1 (33 S. First)
• Juice Zone (88 S. Fourth)
• Subway (103 E. Santa Clara)

Deal Makers - Closing the Deal!
• Lawrence Clay for helping close the deal between The Reserve Restaurant and Art Gallery and property owner Lawrence Ross at 32 S. Third Street.
• Todd Trekell of Barry Swenson Builders for signing Purist Boutique at 66 S. First Street.

The Redevelopment Story -
Celebrating 50 Years
It was the early 1950s when San Jose experienced rapid change in its geography and surroundings. To read more about the Redevelopment Agency's story, please click here.

Downtown Tour
The Fourth Annual Downtown San Jose Real Estate Tour was a huge success. If you would like to download the tour notes, please click here.

Downtown Events
For a list of upcoming summer events, please visit the San Jose Downtown Association's events page. 
     
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