An 11.6-acre site on the east side of San Jose’s popping Santana Row shopping center is being brought to market for the first time in more than 40 years.
The Winchester family, which also owns the Winchester Mystery House next door, is offering the site unpriced as a redevelopment opportunity under a 50-year ground lease. Three of the signature, mushroom-capped movie houses owned and operated by Century Theatres throughout Silicon Valley and a sea of surface parking currently occupy the site. The property is zoned for immediate development of 500,000 square feet of offices and retail space but could accommodate more than a million square feet for the right user.
Read the full story at The Registry.