Boston Properties Resumes Bay Area Office Project

375 Autumn Parkway. Image via Google Street View

Boston Properties has resumed construction on the first phase of Platform 16, which will include an approximately 390,000-square-foot Class A creative office building in downtown San Jose, Calif. The structure will be ready for client fit-out in late 2024.

Boston Properties owns a 55 percent interest in Platform 16, while Canada Pension Plan Investment Board (CPP Investments) owns the remaining 45 percent.

Boston Properties also provides development, property management, as well as leasing services to the joint venture that owns the property.

Upon completion, Platform 16 will be a three-building, 1.1 million-square-foot office campus sitting on an approximately 5.6-acre site. The six-story property will be LEED Gold certified, with tenant opportunity for LEED Platinum. Amenities will include 16 outdoor terraces, two pedestrian plazas, a fitness center, a wellness center and a café. Floorplates are expected to range from 27,000 to 88,000 square feet, according to CommercialEdge data. CBRE currently provides leasing brokerage services for the property, according to the same data provider.

Location and neighborhood

Located at 375 Autumn Parkway, the development is 1 mile northwest of downtown San Jose, near Google’s planned 8 million-square foot Downtown West. Guadalupe River Park and Diridon Station, a significant Bay Area transportation hub, are also within walking distance of the property. Several dining, retail and entertainment options are available within a 1-mile radius.

Active in other major markets as well, Boston Properties acquired three office buildings in Seattle, New York City and a Washington, D.C., suburb, for a total $881.5 million in July of last year. The purchases added approximately 1.6 million square feet of office space to the company’s portfolio.