It's official - the One South Market apartment building in downtown San Jose is under development by Essex Property Trust. The 23-story high-rise (a $150 million project) will have 312 units when it's finished. Michael Schall (President and CEO of Essex) hopes this new building will address the need for housing in the downtown area.The new project is moving forward, thanks to new incentives and tax breaks for developers that were put into place in 2012 by Mayor Chuck Reed. City officials are hoping to see increased restaurant and retail activity in the area as a result. The revised plans for the building include an expanded retail space on the ground floor on the Market Street side.[caption id="attachment_358" align="aligncenter" width="300"]
Artist's rendering of the exterior of One South Market tower.[/caption]C2K Architecture has designed a beautiful glass building with multiple levels. Kevin Sauser ,a principal with C2K, shared some of the exciting new features of One South Market:
- Window walls for each unit for better views and natural lighting
- 3-color, programmable LED lighting element along an outside edge
- Swimming pool on the fourth floor roof-deck with a gathering space for the residents
- A terrace on the 18th floor with views of downtown San Jose
Representatives for Essex Property Trust and for the city of San Jose met for an official groundbreaking ceremony on June 25th, 2013. John Eudy, VP of Development for Essex Property Trust, feels that the timing is perfect for a project of this size. In addition to receiving support from the city of San Jose, he believes that there are many potential renters who will be looking for a high-tech, convenient living space.[caption id="attachment_359" align="aligncenter" width="300"]
Artist's rendering of the retail space in One South Market[/caption]One South Market will have a number of on-site amenities, including workout facilities, and a cyber cafe, that should make it very appealing to the 25-40 year old renter looking for a great apartment in one of the most technologically-minded cities in the U.S.