FortBay Plans Stevens Creek Urban Node
August 15, 2016
Los Gatos, CA-based FortBay LLC submitted plans to develop 500 apartments and 244,000 square feet of office space on the site of Stevens Creek Executive Center in West San Jose. The 10-acre commercial complex is envisioned as a major urban node with 1,500 jobs.
Conceptual site plans include two, seven-story residential buildings, a six-story office building and a six-level parking garage. FortBay recently acquired the property for $53 million with capital partner, Colony Capital.
The site must be rezoned to include residential, but aligns with the city’s pending urban-village plan for the Stevens Creek area. FortBay is seeking “signature project” status, which expedites projects that provide job growth and high-quality urban designs.
KTGY is handling the residential design, while WRNS Studio is designing the office.