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

In Loving Memory and Honor of Norman Y. Mineta
In Loving Memory and Honor of Norman Y. Mineta – November 12, 1931 - May 3, 2022
May 3, 2022
Exporting: A Game Changing Strategy to Boost Your Business
Did you know that 95 percent of the world’s consumers live outside the United States? It’s time to grow your business by reaching the global market.
Mar 3, 2022
Export-Import Bank of the U.S.
COVID 19 Resource Center
Watch Our COVID-19 Business Resource Webinars
We are hosting various online webinars providing our SVO members access to business resources, as well as discuss upcoming policy changes that affect business operations. We have invited political and industry experts to lead our webinars to make you our members are up to speed with all of the legislative updates that relate to COVID-19. In case you miss one, you can watch our webinar recordings here!
Jun 23, 2021
The Silicon Valley Organization
Members News
Wanna Get Away Day
Southwest Airlines declares June 18 as Wanna Get Away Day to honor 50th anniversary of first flight
Jun 8, 2021
Southwest Airlines
Members News
Blach Construction Named “Best Place to Work in Bay Area;” Earns “Workplace Wellness” Award
Blach Construction (Blach), an award-winning full-service commercial contractor serving the Greater Bay Area and Monterey since 1970, is honored to be recognized by the Silicon Valley Business Journal and San Francisco Business Times (SVBJ/SFBT) as one of the "Best Places to Work in the Bay Area”.
May 26, 2021
Blach Construction
COVID 19 Resource Center
Restaurant Revitalization Fund
Restaurant Revitalization Fund is an SBA grant program that will provide restaurants, bars, and other similar places of business that serve food or drink with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are NOT required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
Apr 27, 2021
Explore ALl Posts