Urban Catalyst hosted its first groundbreaking ceremony for Paseo - one of seven projects that is part of more than $700 million in planned development for the Fund.  


What was once the lobby of Camera 12 movie complex was filled with government officials and business leaders to celebrate  (with gold-painted sledgehammers!) one more step towards revitalizing downtown San Jose.

“When we break ground here, we are really breaking ground on opportunity. And that opportunity is going to make an impact on our residents because it's going to create jobs, it's going to create some vibrancy here... and it’s really going to bring it all together,” said Councilmember Sylvia Arenas.

Paseo will be developed into 15,000 square feet of retail on the ground floor and 73,000 square feet of offices, marking a complete makeover for the multi-level site. Located steps from the VTA Light Rail, this transit-friendly property is also near the Fairmont Hotel, the Hammer Theater, the popular SoFA district, San Jose State University, and the Fairmont Plaza.

Credit HGA Architects

Councilmember Johnny Khamis remarked, “I’m so happy that Urban Catalyst decided to set up shop here in the City of San Jose. I remember cutting the ribbon on your office space not too long ago and you’re already investing money, already making our city a more vibrant place to be.”

There is an array of tech companies, as well as some top-flight restaurants, that have expressed interest in the prime property. Jeff Arrillaga, a vice chairman with commercial real estate firm Newmark Knight Frank, has begun to scout for office tenants. Nick Goddard, a senior vice president with Colliers International, a commercial real estate firm, is seeking retail tenants.

“We want to see activation here,” Erik Hayden, Founder of Urban Catalyst, told the crowd. “We want to see coffee shops, dining, [and] people buying flowers. We want to make improvements, block by block.”

Interested in learning more about this project or other projects we have going on? Contact Urban Catalyst today!

More Posts

You Might Also Like

Press Releases
Assessor Larry Stone urges Business Owners to Provide Equipment Valuation Information
Property Tax Relief for Business Owners
Mar 19, 2021
COVID 19 Resource Center
Changes to Paycheck Protection Program and Second Draw PPP Loan
At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a second draw of Paycheck Protection Program (PPP) loans (PPP Second Draw Loans) and updates to the original PPP loan. It also allows businesses to deduct ordinary and necessary expenses paid from the proceeds of PPP loans.
Feb 18, 2021
Petrinovich Pugh & Co LLP
Members News
Black History Month at the African American Community Service Agency
The African American Community Service Agency has a variety of events coming up in honor of Black History Month. If you are not able to engage in some of their upcoming events you can also find a link to donate to their organization.
Feb 8, 2021
COVID 19 Resource Center
New Program Coming Soon: Shuttered Venue Operators Grant
There's a new program coming soon, so please put this on your radar. The U.S. Small Business Administration is currently working on the Shuttered Venue Operators Grant Program. This new program was passed in the most recent stimulus bill, adding to the mix of business-relief programs designed to address economic losses due to the coronavirus pandemic. The bill sets aside $15 billion for the program and qualifying venues can get up to $10 million in grant money. They are NOT ACCEPTING applications yet, but you can begin evaluating the eligibility requirements and sign up for updates through the U.S. Small Business Administration.
Feb 3, 2021
Press Releases
Meriwest Credit Union Sponsors over $1 Million in Affordable Housing and COVID-19 Pandemic Relief Grants for local NonProfits
Meriwest, one of Silicon Valley’s Premier Credit Unions sponsored grants through the Federal Home Loan Bank to support projects of two Community Based Nonprofits. The Credit Union also provided additional support to local charities to assist them in meeting the needs of their clients during the pandemic. Meriwest sponsored a grant of $1,055,000.00 for CityTeam San Jose through the Federal Home Loan Bank’s Affordable Housing Program. This project will renovate an existing transitional housing and emergency shelter for homeless and low income residents. It will also provide meals and improve the financial mobility of residents through financial educational workshops.
Jan 26, 2021
Meriwest Credit Union
Press Releases
State Announces Lifting of Regional Stay at Home Order, Returning Santa Clara County to Purple Tier
Outdoor Dining, Personal Care Services, and Professional, Collegiate, and Adult and Youth Sports May Resume with Required Modifications; Mandatory Travel Quarantine Remains in Place.
Jan 25, 2021
County of Santa Clara Emergency Operations Center-Public Health Department
Explore ALl Posts