SAN JOSE — A tech hub is being pitched on the positioning of a failed housing growth in San Jose, a venture that might tie into Silicon Valley’s heightened urge for food for synthetic intelligence endeavors.
The eight-story tech middle might sprout at 199 Bassett Road in downtown San Jose, in response to paperwork filed with metropolis planners.
Chicken’s-eye view of an AI analysis and growth middle at 199 Bassett Road in downtown San Jose, massing picture. (C2K Structure)
At one level, the 199 Bassett property was the positioning of a proposed housing growth that may have produced 803 reasonably priced co-living residences.
That co-living housing venture, nonetheless, was by no means constructed after the positioning’s proprietor and developer defaulted in 2021 on a $14.7 million mortgage whose collateral was the 199 Bassett website.
The lender, an affiliate of New York Metropolis-based Area Buyers, seized the property via a foreclosures in 2022. The property has been dormant ever since.
Now, a consultant for the lender that owns the property, Bay Space actual property government Dennis Randall, is guiding a proposal via town overview course of to redevelop the property as a tech hub, San Jose planning recordsdata present.
Two low-slung and vacant previous industrial buildings now occupy the event website.
The brand new tech venture is described as an “AI Research and Development Facility,” the planning paperwork on file with town present.
The construction could be eight tales excessive, in response to town planning data. The bottom ground would include two lobbies and a retail area totaling 2,800 sq. ft.
The inside elements are in line with many attributes which might be continuously seen in an information middle. Knowledge facilities are tech hubs whose laptop banks can course of large quantities of knowledge. The tech trade’s synthetic intelligence sectors starvation for such information hubs.
Together with a basement and the eight tales above it, the tech hub would whole 281,800 sq. ft, in response to the planning data.
The basement and the primary ground would characteristic an influence substation. The second and third flooring would include turbines. Flooring 4, 5, six and 7 would include computer systems, which the proposal calls “AI R&D” websites. The highest ground on degree eight would include a cooling water plant.
This type of ground sample is in line with an information middle.
The event group heading up the venture hopes to make use of the San Jose Modern Challenge Pathway Program to assist the proposal navigate via town overview course of.
“The Pathway Program will provide a clear policy route for securing approval of innovative investment projects” that would offer “an extraordinary benefit to the City of San Jose,” said an October 2024 memo that was ready by three Metropolis Council members, together with Mayor Matt Mahan.
The builders of the tech middle additionally promised to develop housing in San Jose as a part of the venture.
“The project will also construct 400 units of housing in downtown San Jose on a separate site,” the planning paperwork said. This location was to be decided.
