SAN JOSE, CA-Those who follow @GlobeStcom on Twitter may have seen a post teasing the announcement yesterday, but GlobeSt.com has learned that Los Angeles-based Lowe Enterprises and an affiliate of Stamford, CT-based Five Mile Capital Partners is proceeding with plans for North First Campus, a 43-acre creative, class-A office campus on North First Street near the San Jose International Airport. The project is fully-entitled for up to 2.8 million square feet of development.

Lowe and Five Mile’s master plan envisions 1.8 million square feet in nine office buildings built along a walkable internal street with abundant open space ranging from smaller pocket parks to a large Campus Commons. Although GlobeSt.com could not obtain the total construction cost at this time, Hanns Lee, senior vice president of Lowe Enterprises real estate group, tells GlobeSt.com that phase one will cost “well over $100 million.”

According to Lee, “North First Campus is centrally located in the hub of San Jose, adjacent to the airport, on the light rail line, and right off the area’s major highways. With the region’s class-A office segment tightening and our new master plan complete, we believe now is the right time to reintroduce this site and our project to the market.”

Lee adds that North First Campus will be able to accommodate a variety of businesses including larger users of single or multiple buildings in a thoughtfully planned campus setting. Gensler architects and SWA landscape architects have been engaged to create the master plan for North First Campus, which is redesigned from the plans proposed by previous owners. The plan envisions a completely walkable environment with a pedestrian-scale internal street, bike paths, trails and green spaces.

Nine office buildings ranging in size from 150,000 to 350,000 square feet, with large 30,000 to 45,000 square foot floor plates, balconies and operable windows, will be located along the internal street, named Campus Way. And according to a prepared statement, Campus Way will be an active environment similar to any downtown area, lined with shops, cafes and other amenities and convenient curbside parking. The street can be closed to vehicles to provide an extended area for special events or corporate functions.

A variety of open spaces will provide opportunities for spur-of-the-moment meetings or recreation as well as a host of programmed activities, says the statement. A series of pocket parks around the buildings will offer outdoor space with seating.

The Campus Plaza, at the entrance on North First Street, will be a landscaped, stone paved urban plaza that can host live entertainment, fairs and markets such as Farmers’ Markets or food trucks. The 1.2 acre grassy Campus Commons in the center of the property will offer a place for informal employee meetings, outdoor lunches and casual sports.

“In addition to smart building design and amenities, we are undertaking a comprehensive sustainability program for all aspects of North First Campus and will be pursuing LEED-Neighborhood Development certification. This will be the first LEED-ND project in San Jose,” Lee says. “We’re very focused on creating a healthy workplace that is complementary to the surrounding environment. The site will have a direct connection to the extensive Guadalupe Trail, a bike and pedestrian parkway. North First Campus is a 20-minute bike ride from downtown San Jose and is directly across the street from the VTA light-rail station at Component Drive. Our plan will accommodate shuttle buses and ride shares.”

Cassidy Turley will be the leasing representative for North First Campus and Hathaway Dinwiddie will serve as the general contractor.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.