WeWork has taken a financial stake in two early planning stage properties in central San Jose, according to official documents. The company is also involved with the development of an office building at 9300 Mission St. that will house about 100 employees and be home to its new headquarters. WeWork’s commitment followed news that Google has proposed a huge transit village near a San Jose railway station and Adobe has committed to a fourth workplace tower. Silicon Valley real estate developer Jay Paul, which builds and leases commercial office space to big tech firms, and Urban Catalyst have also bought properties locally.
WeWork has taken a financial stake in two early planning stage properties in central San Jose, according to official documents. Development of the sites, which were established by Gary Dillabough, could take five years, and they will probably include office space, residential towers, retail and restaurants, potentially hosting both WeWork and WeLive locations, a regional real estate professional has suggested. WeWork’s commitment followed news that Google has proposed a huge transit village near a San Jose railway station and Adobe has committed to a fourth workplace tower. Silicon Valley real estate developer Jay Paul, which builds and leases commercial office space to big tech firms, and Urban Catalyst have also bought properties locally.