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Live Work Play Plans for Diridon Station Site

SAN JOSE—The 8.22 acre site is adjacent to the Diridon Station master plan that is zoned for the construction of two 10-story office buildings and a nine-story multi-family building.

By Lisa Brown | Updated on October 02, 2015

SAN JOSE—An 8.22-acre site at 374-384 West Santa Clara St. has been acquired for $58.5 million, according to Bentall Kennedy Limited Partnership. Multi-Employer Property Trust (MEPT) and its real estate adviser, Bentall Kennedy, together with Trammell Crow Company, were partners on the land acquisition. The planned development projects on the site are structured on a joint venture basis, continuing a  longstanding partnership that includes more than 85 projects of more than 25 million square feet and $2.4 billion in value.

“Diridon Station is the Silicon Valley terminus for Caltrain, ACE trains, VTA light rail, Amtrak Capital Corridor and a planned BART station. The master plan for Diridon Station is intended to create a transit hub similar to San Francisco’s Transbay District. This project will significantly contribute to the transformation of Diridon Station into a thriving live/work/play environment,” said Ashley Powell, senior vice president and western region head of transactions for Bentall Kennedy.

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