Scores of apartments may sprout inside downtown San Jose office tower

SAN JOSE — A downtown San Jose office tower that was recently upgraded may be converted to a housing highrise with scores of apartments or into a hotel with well over 100 rooms, plans on file with city officials show.

The new plans for the tower at 2 West Santa Clara Street in downtown San Jose represent a new indicator of economic shifts in the wake of the coronavirus outbreak and an uncertain return to the workplace.

DivcoWest, a savvy and veteran Bay Area development firm that owns the office tower, has floated plans for what would be a dramatic revamp of the highrise.

Interior areas of a 10-story tower at 2 West Santa Clara Street in downtown San Jose. (DivcoWest, Newmark) Caption
Interior areas of a 10-story tower at 2 West Santa Clara Street in downtown San Jose. (DivcoWest, Newmark)

Apartments, co-living units, or hotel rooms, along with ground-floor retail or restaurant spaces, are the three primary options proposed by DivcoWest for the 10-story tower, which was built in 1910 and once was a Bank of the West site.

In recent years, DivcoWest launched a wide-ranging upgrade of the office building at a time when tech companies were known to be seeking an array of spaces for big-time expansions, including creative offices with unique settings.

COVID, however, unleashed numerous economic afflictions, including a drastic decrease in the tech sector’s appetite for office space.

Rooftop section on the upper level of a 10-story tower at 2 West Santa Clara Street in downtown San Jose. (DivcoWest, Newmark)
Deck area on the fifth floor of a 10-story tower at 2 West Santa Clara Street in downtown San Jose, concept. (DivcoWest, Newmark)

Despite the waning of the coronavirus outbreak, tech workers were reluctant to return to their offices.

Even worse, starting in early 2022, tech companies curbed their desire for new offices, began to shed big chunks of space and started to chop Bay Area jobs at a brutal pace. The layoffs further diminished the need for tech expansions.

Here are the primary options that DivcoWest is considering for the office highrise at West Santa Clara and South First Street:

— An apartment version that would feature 65 residences and ground-floor retail right at the street corner that for numerous years was the site of a Walgreens pharmacy store until it closed in 2018.

— A co-living option that would consist of 73 residential units and ground-floor retail.

— A “micro hotel” version with 147 rooms and ground-floor retail.

In all three of the options, the retail space would total 1,500 square feet.

The conventional apartment version shows a small office space on the first floor and a second floor that would be all offices. The residences would be on floors three through 10. This version also features a work-from-home space and a fitness center.

The co-living option also includes offices on the first and second floors. Work-from-home spaces and a fitness center are among the features. Living room and kitchen spaces are included on floors three through 10. A large living room is on the fourth floor, along with what’s called a screening room, potentially for showing films or videos.

The hotel version includes a first-floor dining area and bar, along with the typical lobby and reception area. Amenities are offered on the first and second floors. A co-working space is located on the fourth floor.

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