Lowe’s Massive 43-Acre Class A Campus Moves Forward

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.”