Efforts underway to fill empty merchant spaces at Signia hotel in San Jose

"We are looking to lease about 30,000 square feet of spaces at the Signia, said Nick Goddard, a senior vice president with Colliers. We are going to put some high-end restaurants in some of those spaces. These will be very fine, swanky dining establishments. Some of the spaces will be leased to retailers, such as personal salons and spas, according to Goddard. We are already getting inquiries from some top-level restaurants, Goddard said."

"Marketing efforts are not the problem with filling these spaces, it's the uncertainty of the time and cost it will take to permit and occupy the spaces, said Bob Staedler, principal executive with Silicon Valley Synergy, a land-use and planning consultancy. Finding more merchants for downtown San Jose is deemed crucial ahead of the potential influx of visitors expected to attend three mega sports events that are slated to occur in the South Bay during 2026."

Colliers is marketing about 30,000 square feet of ground-floor space at the 541-room, 22-story Signia by Hilton San Jose for restaurants and retailers. Plans emphasize high-end, swanky dining establishments along the Paseo de San Antonio and South First Street, with some spaces earmarked for salons and spas. Permit timelines and occupancy costs present the primary obstacles to leasing. Local consultants warn that proactive city assistance is needed to accelerate tenant recruitment before three major sports events scheduled in the South Bay in 2026. The hotel was seized by lender BrightSpire Capital in a May 12 foreclosure that valued the property at $80 million.

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