The $1 billion project now goes before the City Council on Oct. 24. City officials, including mayor Ron Gonzales, have been highly in favor of the project.
Cisco, San Jose's largest employer, wants to develop 688-acres within San Jose's North Coyote Valley Campus Industrial Area, located 11 miles south of downtown in the northern most portion of Coyote Valley. The commission voted 6-1 to approve the project's environmental impact study as well as a shift in area zoning. The parcel, San Jose's last substantial piece of undeveloped property, is being reclassified from agricultural use to planned development.
Environmentalists and neighbors say the development will increase traffic, raise rents, and worsen the environment. Cisco says that its workers will have a reverse commute, will not worsen traffic, and will not all elect to live in the Coyote Valley area, thereby not raising rents.
The North Coyote Valley Campus Industrial Area includes approximately 1,400 acres specifically designated for large, high prestige corporate campuses more than 15 years ago in San Jose's General Plan. In 1994, the City of San Jose adopted General Plan 2020, reaffirming Campus Industrial uses in North Coyote Valley.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
