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
Position Statement & Independent Investigation
Dec 9, 2020
The Silicon Valley Organization
COVID 19 Resource Center
Governor Newsom Announces Immediate Assistance for Businesses Impacted by COVID-19 Including Temporary Tax Relief and $500 Million in Grants
November 30, 2020 Governor Newsom announced the following immediate support and relief: 1.) Tax Relief for Businesses Impacted by COVID-19 2.) $500 Million for New COVID Relief Grant for Small Business 3.) Increase Funding for the California Rebuilding Fund by $12.5 million.
Dec 1, 2020
The Silicon Valley Organization
Press Releases
Awesome San José Fall Grant Winner
Awesome San José is pleased to announce that the Fall Grant winner is San José Strong’s Queer Homecoming. San José Strong received our $1,000 grant on November 10th and the grant money will be used to help fund the Queer Homecoming event. San José Strong’s Queer Homecoming will be streaming online on November 21st, and will feature an array of local comics, drag performances and more.
Nov 20, 2020
Awesome San Jose
COVID 19 Resource Center
New Loan Fund to Provide Important Lifeline to California Small Businesses in Need
Starting November 20, 2020 Governor Newsom launched the California Rebuilding Fund, which includes non-forgivable loans for micro-business owners backed by the iBank at 4.25%. The California Rebuilding Fund is a loan program to support California’s small businesses—especially those located in economically disadvantaged and historically under-banked areas of the state. Businesses who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019 are eligible to apply. Full eligibility requirements are included in the Business Requirements tab.
Nov 20, 2020
The Silicon Valley Organization
Guest Post
Boost your financial health with First Tech
A lot has suddenly changed this year, and chances are good that those changes have trickled down to your wallet. Many of us have had to reconsider the ways we budget and save money. If you’re looking to set some new savings goals or boost your financial health, you don’t have to wait to make a plan.
Nov 16, 2020
First Tech Federal Credit Union
Press Releases
The Silicon Valley Organization Dissolves the SVO PAC
Nov 2, 2020
The Silicon Valley Organization
Explore ALl Posts