CityView, a three-tower office complex at a downtown San Jose site bounded by Almaden Boulevard, West San Fernando Street, South Market Street and Park Avenue, concept. 200 Park office tower is visible to the left.SAN JOSE — A huge tech campus proposed for downtown San Jose could be delayed for a few years, fresh evidence that the Bay Area’s wobbly office market and tricky economy continue to jolt real estate projects.
The developer, acting through its affiliate SJ Cityview LLC, wants San Jose planners to authorize a five-year extension of a permit to develop the site, documents on file with city officials show. A delay for CityView Plaza appears to be a wise course of action for Jay Paul Co., in the view of Phil Mahoney, a Newmark commercial real estate agent who is one of the brokers attempting to find one or more tenants for the 200 Park office tower.
“The Class A office market is showing some stability at present,” Mahoney said. “But it is still not easy to find tenants.” The Planning Department staff is expected to decide within about two months about the Jay Paul Co. request for a delay on the development permit.“ SJ Cityview LLC remains excited to bring this monumental project, along with its robust public improvements, to the city of San Jose in the near future,” the real estate firm stated in the planning documents.Ask Amy: Are my 3 college rules too harsh? My daughter says they are.