Market Park Retail Center Groundbreaking Promises Needed Services to Berryessa
Center to be anchored by next-generation Safeway
In 2020, the first BART train will glide into Berryessa Station — extending BART service to the technology-rich Silicon Valley. As passengers depart, they will be at the front entrance to Market Park San Jose — at 120 acres and $3 billion, the largest transit-oriented development in the valley and one of the biggest in the state.
With more than 1,000 residential units already in place, the next phase of development at Market Park has now begun with the groundbreaking of a 101,000 sq. ft. retail center anchored by Safeway in the North Village.
“We’re very excited about being able to be a part of this community in such a great location,” says Brad Street, division president for Safeway Stores. “This will be the first ground-up store that we’ve built in San Jose in quite a long time.”
Next-Generation Safeway Store
The 65,000 sq. ft. Safeway store will incorporate a next-generation design that places an emphasis on offering the best in fresh, organic, local, and healthier-for-you products. The retailer has also signed a ground lease for a Safeway Fuel Station on-site.
In addition to Safeway, the retail center will include a 13,100 sq. ft. CVS Pharmacy and a 4.000 sq. ft. Chase Bank location. Beyond that, numerous other retailers and restaurants are in discussion for moving into 17,600 sq. ft. of space that remains available in two buildings in the center. The retail center is expected to open by the end of 2020.
A video from the recent groundbreaking for the retail center can be viewed here. Retailers interested in being part of this dynamic, transit-oriented mixed-use community can contact Bruce Frazer of SRS at (408) 216-2315, or Ralph Borelli or Chris Anderson at Borelli Investment Company at (408) 453-4700.
A Place to Live, Work, Play and Shop
Market Park San Jose already has seen more than 1,000 residential units rise in the North Village:
- 440 single-family homes and townhomes built in five phases by KB Home
- 551 apartments and 37,500 sq. ft. of ground-level retail space in The Platform multifamily apartment community, developed by Western National Group. Desirable lifestyle amenities include two clubhouses, two resort-style pools, two fitness centers with indoor-outdoor space, a dog salon, and more.
- Two neighborhood parks totaling 7.5 acres
South Village Offers Headquarters-Class Office Space and More Residential
The master-planned community developed by TFM, Inc. has much more in store in the South Village as well. Entitlement work is now underway on plans for approximately 3,400 additional residential units and a minimum of 1,500,000 sq. ft. of office space for technology companies attracted to an ideal San Jose location adjacent to the South Bay’s first BART station — years ahead of BART reaching downtown San Jose. It’s expected that the discretionary entitlements for the North Village will be obtained by summer’s end in 2020.
“Market Park San Jose is truly a one-of-a-kind community that will provide residents a unique lifestyle and create extraordinary opportunities for retailers and companies, large and small,” says Ralph Borelli, chairman of Borelli Investment Company. “With its immediate proximity to BART and myriad of community amenities — from shops and restaurants to parks with access to Bay Area hiking and biking trails — Market Park will deliver a world of convenience to residents and employees alike.”
For additional information about this impressive transited-oriented development at the Berryessa BART station, please contact Ralph Borelli or Chris Anderson. Call (408) 453-4700