PMB Breaks Ground on 230 KSF Bay Area MOB

Valley Health Center San Jose will rise at 1410 S. Bascom Ave. Image courtesy of PMB

Health-care real estate developer PMB and partner Santa Clara Valley Healthcare have broken ground on a 10-story, 230,000-square-foot medical office building in San Jose, Calif. Aiming for LEED Silver certification, Valley Health Center San Jose is slated for completion in 2025.

The building will rise at 1410 S. Bascom Ave., near the VTA’s Bascom Station, as part of a transit-oriented, mixed-use development that also includes a 590-unit multifamily component. WRNS Studio and Boulder Associates are the project architects, while South Bay Construction serves as general contractor. Capital One is the lead bank, having provided the developer with a $205.3 million loan in 2022, according to CommercialEdge data.

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VHC San Jose will be the 10th local Valley Health Center servicing Santa Clara County, the sixth largest county in California with a population of 1.9 million residents and growing. The health center will have 16 departments including adult medicine, OB/GYN subspecialties, adult urgent care, behavioral health, dental, diagnostic imaging, facility support services, maternal and fetal medicine, patient support services, pediatric primary care, pediatric subspecialties, pediatric urgent care, pharmacy, specimen collection lab and administration.

Because the building will take shape on a triangular site, it was designed as two halves that “slide past” each other. The lower floors will be clad in articulated aluminum screens that play with light and shadow throughout the day, while the upper floors will recede to create terraces for the staff.

The 2.4-acre site is at the light rail stop along Southeast Expressway, north of Los Gatos Creek. Downtown San Jose is roughly 5 miles away.

Part of the Bascom Station mixed-use development

In June 2022, PMB and equity partner Harrison Street acquired the site for the office component of the mixed-use Bascom Station from Bay West Development for $26.2 million, in an all-cash deal. The project’s residential component, dubbed The Maxwell, is also under construction nearby.

Both developments are part of the South Bascom Urban Village Plan and approved under the City of San Jose’s Signature Project process. The urban village strategy addresses the criteria for creating complete neighborhoods, where residents’ daily needs can be met within close proximity by providing needed medical services in conjunction with housing.

More MOB construction

Since its inception, PMB has developed more than 130 health-care facilities across the U.S., totaling approximately 6 million square feet. The firm works with health systems, hospitals, medical groups, specialty providers, academic medical centers and senior living providers.

Elsewhere in California, PMB and Sutter Health began construction of a four-story, 100,000-square-foot medical office building in the Sacramento area in June. The building at 7 Medical Plaza Drive is slated to open in the summer of 2024.

A year ago, PMB and Providence St. Joseph Hospital topped out the Helen Caloggero Women’s & Family Center in Orange, Calif. The four-story MOB houses a mother and baby assessment center, maternal diabetes and wellness, pelvic health and rehabilitation services.