Ritchie Commercial is proud to present a unique opportunity in the heart of Silicon Valley given the chance to obtain huge upside potential with the creation of a mixed-use redevelopment project while generating income during the entitlement process from existing leased industrial buildings. Conversely, an Owner-User can purchase and occupy in the near term, while awaiting the future development opportunity.
The City of San Jose Planning Department has stated that City Council will vote in late 2025 on incorporating the current Urban Village Plan (24th and William) into the Five Wounds Urban Village Plan which if passed, will remove the BART funding contingency, and immediately allow Mixed-Use Residential with a density of approximately 55-70 Units/Acre.