San Jose hotel project near mega malls advances despite feeble market
Hotel would have more than 100 rooms
SAN JOSE, Calif. — Despite the post-coronavirus maladies that continue to plague the Bay Area’s feeble lodging market, plans for a large hotel near San Jose’s mega malls are moving forward.
The San Jose development site is located at the intersection of South Winchester Boulevard and Olin Avenue, across the street from Santana Row and a few blocks from Westfield Valley Fair.
The hotel project is also adjacent to One Santana West, a 376,000-square-foot modern office building. Splunk and NetApp, two major technology companies, have offices across the street.
The hotel, if built, would benefit from its proximity to the office buildings and their current or future tenants, as well as the two shopping centers.
Why? If employers’ back-to-work gambits take deeper and wider roots, it could boost the fortunes of hotels near office sites where more people work.
According to documents filed with San Jose city planners, the seven-story hotel would have 176 rooms. The development is located at the intersection of South Winchester Boulevard and Olin Avenue.
City officials are seeking public feedback and review on the proposed hotel. The city has stated that the project will have no significant negative environmental effects.
According to Google Maps, the site is currently occupied by a gas station, The Everest Momo restaurant, and a small office building. According to city records, the addresses are 425 South Winchester Blvd. and 390 Spar Ave.
The hotel has been proposed by KT Urban, a seasoned real estate and development firm.
Construction is currently scheduled to begin next year and take approximately 21 months to complete. That means that if construction begins next year, the hotel may not open until late 2026 or early 2027.
