"In 2016, BXP floated plans that envisioned a massive tech campus totaling 1.1 million square feet on the North San Jose site. But the coronavirus outbreak that chased countless workers out of their offices in the Bay Area and nationwide prodded numerous real estate firms to rethink their plans about developing or even owning office sites. BXP was among those. In 2024, BXP ditched the dormant tech campus plans and replaced them with a concept for a big housing development on seven acres of the property."
"BXP has been busy selling other properties in the South Bay of late. During the fall, the city of San Jose decided to pay $13.5 million for a 3.6-acre site at 447 South Almaden Blvd., where BXP had planned to develop a campus totaling 2.05 million square feet. BXP never broke ground on that project. In December 2025, Palo Alto Networks paid $90 million to purchase from BXP an undeveloped Santa Clara site across from the t"
An affiliate of Four Corner Properties purchased a 24-acre North San Jose site from BXP for $50.5 million. The parcel is bounded by North First Street, Daggett Drive, Zanker Road and East Plumeria Drive and contains older buildings and empty structure pads. BXP initially proposed a 1.1 million-square-foot tech campus in 2016 but the coronavirus-driven decline in office occupancy prompted a strategic shift. In 2024 BXP proposed housing on seven acres and by May 2025 listed the entire property for sale. BXP has also sold other South Bay sites, including a 3.6-acre Almaden parcel for $13.5 million and a Santa Clara site for $90 million.
Read at www.mercurynews.com
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