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Coronavirus economy: Construction sprouts in Silicon Valley after shutdowns cease

Coronavirus economy: Construction sprouts in Silicon Valley
after shutdowns cease 1

SAN JOSE — Construction activity has resumed at several key Silicon Valley projects, raising hopes that a fledgling economic rebound has begun to sprout in the wake of coronavirus-linked business shutdowns.

A restart of active work at multiple major projects is underway at high-profile development sites in San Jose, including the city’s downtown district, as well as at a project near the Googleplex in Mountain View, on-site observations by this news organization show.

Among the projects that are underway again: Adobe’s new office tower on West San Fernando Street in downtown San Jose, a downtown San Jose office tower being developed by Jay Paul Co. at 200 Park Ave., two Jay Paul Co. projects in Sunnyvale, a Peery Arrillaga tech campus in north San Jose at the corner of North First Street and Brokaw Road, The Miro, a two-tower residential complex near the corner of East Santa Clara Street and North Fourth Street, and a canopied campus being built by Google near the search giant’s Googleplex headquarters in Mountain View.

Construction was halted on a wide scale in the Bay Area and California as a result of state and local government shutdowns of an array of business activities in a quest to combat the coronavirus.

However, in recent days, Bay Area officials and government entities throughout the state authorized a resumption of all construction activities, as long as social distancing and several other health measures were instituted at the work sites.

Edin Gonzalez, a San Jose resident who is among many construction workers helping to build a vast tech campus that Peery Arrillaga is developing at First and Brokaw, said he and others on the project were happy to be getting back to the job site.

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“We’ve been back for about a week,” Gonzalez said. “We have a full crew on the job. We’re working on all of the buildings. Everyone is glad to be working again.”

Four office buildings are under construction or nearly complete at the north San Jose site. Google has leased all of the existing office buildings from Peery Arrillaga in a deal totaling 728,000 square feet.

“We are pleased Santa Clara County has given the green light for construction to proceed under the new safety rules,” said Ted McMahon, chief investment officer with Bayview Development Group, the developer of the Miro project in downtown San Jose. “The city has been supportive in getting projects back up and running.”

Jay Paul Co. has about 1.2 million square feet of office space being developed and back under construction in the Bay Area. The three Jay Paul projects are its 937,000-square-foot office tower in downtown San Jose, and two modern office complexes in Sunnyvale.

“The good news is this week they are back on the job,” Matthew Lituchy, chief investment officer with Jay Paul Co., said during a conference call on Tuesday that was hosted by The Silicon Valley Organization to discuss the future of real estate amid the coronavirus outbreak.

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