"McCarthy Development, a Los Gatos-based real estate firm that is floating the proposal, intends to bulldoze five buildings on the site and replace them with three new buildings, according to the proposal. Designed as a high-end industrial campus, the facility can support advanced manufacturing, research and development, technology, some warehouse, and office uses, McCarthy Development stated in project plans. The three new buildings are slated to total 437,600 square feet."
"The existing five buildings that would be demolished to clear the way for the project total 422,600 square feet. The project includes demolition of existing structures, new site improvements, and comprehensive landscaping, McCarthy Development stated. The development team envisions a project that could potentially produce a significant number of jobs, according to the proposal. The project timeline wasn't immediately known."
McCarthy Development proposes Montague Pointe, a high-end industrial campus on a 23.7-acre site bounded by Montague Expressway, Zanker Road, Junction Avenue and East Plumeria Drive in North San Jose. The plan would demolish five existing buildings totaling 422,600 square feet and construct three new buildings totaling 437,600 square feet. The facility would support advanced manufacturing, research and development, technology, limited warehouse, and office uses, and include demolition, site improvements, and comprehensive landscaping. The parking ratio is planned to support employment-intensive operations rather than warehouse-only functions. Architectural design emphasizes high-quality function and user experience. The development could generate a significant number of jobs, and the site sits in an area where some office buildings have lost value or been foreclosed.
Read at www.mercurynews.com
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