The Carlysle – Silicon Valley QOZ Development

The Carlysle, is a 21 story, mixed-use Class A hi-rise building containing 158,000 RSF of office and 290 apartments located in downtown San Jose two blocks from Googles's new 80 acre San Jose campus. The project is a QOZ development with significant tax advantages for investors

The Carlysle

Opportunity

The Carlysle, is 21 story, mixed-use Class A hi-rise building containing 158,000 RSF of office, 290 apartments, located in downtown San Jose 2 blocks from Googles’s new 80 acres San Jose Campus. The project is a QOZ development with significant tax advantages.

Timing and Status

The project is in contract, fully entitled, predevelopment, traffic, soils, and designs and CD are nearly completed.

Closing is scheduled for the end of Q1 2021

Construction is due to start at the end of Q1 2021

Occupancy and lease-up is scheduled for  Q3-Q4 2023

LocationDowntown San Jose, California
TypeMixed Use Office / Apartments
Size21 stories / 373,000 SF / 350 car garage /
Project Budget$343 Milion
StatusFull entitled, shovel ready - finalizing capital stack

Office

150,000 SF of office 5 floors

The Google Effect

The project is located 2 blocks from Google's new 80 Acre San Jose Campus that will be home to 20-25,000 Google employees

Apartments

290 Apartments located on 12 floors