SOURCE: City of San Jose

November 14, 2006 16:49 ET

Vision North San Jose Receives Boost From Sony and The Irvine Company

Sony Remains in San Jose and The Irvine Company Moves in to Redevelop Sony's Current Site Into Housing

SAN JOSE, CA -- (MARKET WIRE) -- November 14, 2006 -- Sony Electronics announced today it will remain in San Jose and relocate from its current facility at 3300 Zanker Road to 1730 North First Street in North San Jose.

Sony has had a longtime presence in San Jose and now plans to move and occupy 164,000 square feet on six floors in the former Infineon Building, located on the corner of North First Street and Skyport, near Mineta San Jose International Airport and on the VTA light rail line one mile to downtown San Jose. Sony also plans to move into another 55,000 square feet of space at a yet to be named location within San Jose.

"The City of San Jose has demonstrated repeatedly that they understand a global business model, and have worked closely with us to ensure we were able to maintain a scalable operation in the Valley that will allow us to tap into the region's creative and innovative workforce," said Ed Cotter, senior vice president at Sony Electronics.

Sony's new facilities will house approximately 500 employees with several diverse design and development activities ranging from semiconductor design to data storage, intelligent systems development and software solutions.

"Sony is an essential force in the technology industry, and I'm delighted they will continue to call San Jose home because of all the advantages we offer," said San Jose Mayor Ron Gonzales. "I have every confidence the company will continue to thrive here because of the support we provide and the unique talent, tradition, and capital that make Silicon Valley a world leader for technology innovation."

"An investment of $120 million in redevelopment funding has enabled the largest concentration of multinational technology companies to locate and operate in North San Jose's Innovation Triangle," said Harry Mavrogenes, Executive Director, San Jose Redevelopment Agency. "Our relationship with Sony began in 1992 and we are pleased to be able to facilitate Sony's long-term space and investment decisions and continue the partnership."

Sony's move to North First Street will precipitate redevelopment of the Zanker Road site to housing units as part of a long-term plan to evolve the North San Jose area.

"As a company that is committed to San Jose, we too are gratified by Sony's decision," said Max Gardner, president of The Irvine Company Apartment Communities. "We worked closely with the city and Sony to devise a new plan for the site that will convert an outdated office complex into high quality housing close to thousands of jobs. This is an ideal solution for everyone."

The Irvine Company Apartment Communities intends to build an apartment community at the site. Like the company's North Park Apartment Village, the new community will surround a public park. It is expected to include approximately 1,800 apartment homes. Construction could begin as early as 2008.

The momentum created by Sony's move ties into Vision North San Jose, a larger development strategy that evolves North San Jose from a traditional industrial park to a multi-faceted innovation district, involving the upgrading of transportation systems, traffic and pedestrian circulation, creation of opportunities for more San Jose jobs and construction of more homes near those jobs.

Specifically Vision North San Jose provides a framework for greater innovation and prosperity opportunities for businesses and residents alike. Vision North San Jose components include generating 26.7 million square feet of new R&D, office space, 32,000 new high density residential units in close proximity to jobs, 1.7 million square feet of new supporting retail space, $570 million in new transportation improvements, new bicycle and pedestrian facilities as well as parks and open spaces, public safety services, and educational facilities.

According to Paul Krutko, director of the City of San Jose's Office of Economic Development, the plan puts forth a multi-faceted urban environment that will be activated 24/7. "Vision North San Jose strengthens the overall economy and enhances community. Sony is a great example of how the plan reinforces San Jose's economy by retaining high-tech jobs. Plus, with the inclusion of dense housing, restaurants and other amenities, the area will evolve from a corporate office park to a vibrant round-the-clock mid-rise mixed-use urban community," Krutko said.

The new Sony location supports this plan framework with its pedestrian-friendly access to food and fitness outlets and to light rail.

Sony is scheduled to begin operation in its new North First Street facility in 2007.

About the City of San Jose's Office of Economic Development

The City of San Jose's Office of Economic Development (OED) is committed to a vital, competitive San Jose economy that increases prosperity for people and companies and enhances City revenues. The Office guides the City's economic strategy, provides assistance for business success, helps connect employers with trained workers, and provides art and cultural resources to our community. For more information, please visit, www.sjeconomy.com.

About the City of San Jose

From its founding in 1777 as California's first city, San Jose has been a leader, driven by its spirit of innovation. Today, San Jose stands as the largest city in Northern California and the Capital of Silicon Valley -- the world's leading center of innovation. The city, the 10th largest in the U.S., is committed to remaining a top-ranked place to do business, work, live, play and learn. For more information, visit, www.sanjoseca.gov.

Contact Information

  • Contact:
    Steven Brewster
    San Jose Office of Economic Development
    (408) 535-8168