The victor, to be named early next year, will hold the contract for redeveloping five of the city's most prime properties: a 37,000-sf spot between Second and Third Streets; four historic buildings totaling 23,300 sf at San Fernando and First Streets; a 5.1-acre block at the corner of Santa Clara and First Streets; a 1.2-acre parking lot west of South Second Street; and a 3.7-acre parcel at the corner of Second and San Fernando Streets.
City officials have made it clear that they would rather see retail and high-density development use, injecting new life into downtown San Jose. The city and developers foresee high-rises and a more urban look coming to the historically sleepy area.
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