Subscribe by Email

Your email:

Building Todays Skylines

The Bay Area Real Estate Blog

Current Articles | RSS Feed RSS Feed

Is the Future of the Bay Area Moving South?

  
  
  
  

Happy New Year Everyone! Enjoy our special guest blog post below by Jeff Current, President of the AIA Santa Clara Valley (American Institute of Architects). This is an excellent synopsis of real estate opportunities in the Bay Area 2012!

Cheers!

--------------------------------------------------------------------------------------------------------
bay area real estate 2012 resized 600
San Francisco – The City by the Bay! Beautiful & stately it stands as a metropolis that lives, breathes and expresses its unique personality to the world. SF is a fantastic place surrounded by sparkling bay and majestic sea: a metropolis that superimposed an urban grid right over the tops of its hills and valleys as if it were the flat expanse of the LA basin. It is, and will continue to be a hub for culture and creativity in the Bay Area.

But San Francisco has a cousin down the peninsula; the Santa Clara Valley, that continues to expand and grow and attract a life, culture and energy of its own. The business epicenter of northern California has shifted from the Financial District to Sand Hill Road and from the docks of Fort Mason to the disc drives of Silicon Valley.

Along with this shift in business comes a shift in population. A few years back San Jose passed San Francisco as the 10th largest city in the USA & 3rd largest city in California (behind LA & San Diego). In a new era of sustainability and gasoline prices approaching $5/gal, more people are choosing to live and work and play within a smaller circumference. This is building up the demand for ‘smart growth’ communities and the South Bay is home to quite a few of them. Looking ahead to Santa Clara Valley’s future is both exciting and dizzying.


new stadiums south bay

We could have 3 brand new Sports Stadiums built in the next 5 years with 49ers Football, Earthquakes Soccer and Athletics Baseball venues. These new projects attract hotels, restaurants and retail. Pro sports franchises put their host cities on a world stage as media covers ALL THE ACTION, LIVE!

tech boom silicon valley resized 600
Our business and social lives continue to be shaped by products conceived and born in our valley. Huge new campuses are being designed by World Class architects for Apple Computer in Cupertino, Facebook in Menlo Park and Google in Mountain View. Apple’s Net Zero Energy “Spaceship” design by Foster + Partners of London will house up to 15,000 employees in a glazed donut ring set in a serene orchard. Google is creating a “LEED Platinum Campus” that not only provides office space for 2,500 to 3,000 employees, but will include housing, retail and entertainment to offer its workforce a home and activities close by.

Transportation is getting a huge makeover as BART presses south into Santa Clara County with a station in Milpitas (Great Mall), 3 stations in San Jose (Berryessa Swap Meet site, Five Wounds neighborhood and Downtown SJ) and Santa Clara (FMC site near Santa Clara University). California High Speed Rail is in the planning stages to provide 2 hour and 7 minute rail service between San Jose’s Diridon Station and LA’s Union Station.

Alviso transit lines

Besides all this, Silicon Valley is attracting major auto-makers like Ford and GM with design and research facilities to connect them to the technologies that drive the future of transportation. The Silicon Valley Chamber of Commerce has been working with the City of San Jose on ideas for a port in Alviso to allow for ferry service to once again connect Oakland and San Francisco with the South Bay. This plan could also include a marina with housing and hospitality uses, a Fisherman’s Wharf and restaurants, and recreation activities amidst the restored saltwater marshlands.

Alviso is linked to downtown San Jose by the Guadalupe River which plays host to pedestrian and bike trails and could even bring water taxi service from the Ferry Terminal to downtown (a la San Antonio’s Riverwalk). The Guadalupe River Park is one of the largest urban parks in the United States with opportunity to attract thousands for nature, recreation and sports activities.

This is OUR VALLEY! These projects are in our neighborhoods and districts. As architects and designers in this thriving expanse of humanity and creativity, we need to plug in and get involved in some of these activities. Many of these organizations and projects are searching for visionary individuals to provide leadership for the process of growth and development. I encourage each of you to get involved to whatever degree you can commit.

- Jeff Current, AIA

>Click HERE for more information on AIA Santa Clara Valley!

Comments

The next few years will be good ones for Santa Clara County, however unaffordable rental prices can be a large impediment to that growth. San Jose metro's average rental rates in now higher than San Francisco which is problematic. There is a need for more properties that offer apartments at a reachable price-points for professionals who are just starting out. If there isn't, they'll just live in East Bay and take the BART into San Jose.
Posted @ Friday, February 03, 2012 2:19 AM by CarterL
I agree with you Carter - there's only a certain demographic that can afford the luxury apartment segment. We need both! We have a lot of friends in the affordable housing industry...I haven't heard lately how they have been affected by state and federal subsidy cuts that help finance their projects. Another option, is the 'affordable by design' approach....this isn't 'low income housing' but moreover a lean design approach that allows for a lower price point based on design. Still looks great, but delivers a product that more folks can afford. Maybe an architect can comment on this?
Posted @ Friday, February 03, 2012 1:29 PM by JB
I was born and raised in the Santa Clara area so to have the 49ers stadium here will be a wonderful addition to the area. Santa Clara has so much potential to grow and expand. Now is the perfect time to live here.
Posted @ Friday, March 09, 2012 3:22 PM by Lynn Brown
I live and worked in the Santa Clara vicinity during the tech boom years, very excited that niners are heading that way!  
 
Posted @ Thursday, April 05, 2012 3:27 AM by Foreclosure
Interesting info. I have a friend who lives in San Fran, who has traveled around the world extensively. He says no other city beats San Francisco overall. My only concern with owning a piece of real estate there has to do with the ever-present threat of a major earthquake.
Posted @ Friday, April 06, 2012 2:09 PM by Mike Woods
I believe that Alviso will be future star for jobs. Current low housing prices are good for investors.
Posted @ Monday, April 09, 2012 2:55 PM by Doris Nita
Great post, it will be encouraging to see what the next few years hold for the Bay Area.
Posted @ Friday, June 15, 2012 11:55 PM by Pleasant Hill Times
Hi! If you may allow me, I'll just get some excerpts from your blog to use on my masters degree thesis research about real estates. Well written, anyway. ☺ Good job!
Posted @ Wednesday, June 27, 2012 1:21 AM by bernsiao
Well, I'm surprised that no one has mentioned one of the biggest draws for many around the state the fact that the Santa Clara Valley is a large wine-making region. It is the first commercial wine-producing region in California (and possibly the United States), utilizing high-quality French varietal vines imported from France. That and the fact that the 49er's are coming make is a shoo-in for me. I'm from Texas but fortunately I have family to visit in this area. It's a great area to live.
Posted @ Friday, September 14, 2012 8:39 PM by CWG Texas
Nice blog. It contain good stuff to read. Thank you for posting and sharing with us. 
Posted @ Wednesday, January 23, 2013 7:30 AM by Palm beach painting company
I was just up in the South Bay for a wedding. I hadn't been up north for a couple of years. I was amazed by the growth (culturally) and development of some of the South Bay areas. The city "vibe" may soon stretch from the city right through the South Bay....
Posted @ Tuesday, January 29, 2013 5:30 PM by Erik Cabral
I did not know that the Future of the Bay Area Moving South or not but the allocation you did here really makes me knowable. Thanks
Posted @ Thursday, March 14, 2013 10:39 AM by Henry
People who want to combine business and pleasure will find that the luxury real estate offers the perfect opportunity for anyone.
Posted @ Monday, March 25, 2013 12:08 AM by Arizona Luxury Real Estate
 
 
Make sure you are choosing the right investment. Federal laws place limitations on the type of real estate you are allowed to buy with funds from your self directed IRA account. Under the law, you can invest your self directed IRA not only on houses and buildings, but also on land and commercial properties. Some mortgage notes also qualify, depending on a series of points, so it's important to consult with your financial advisor before you set out to buy something. Thanks. 
Regards, 
 
Posted @ Thursday, May 02, 2013 12:02 AM by Luxury Valley Homes
Post Comment
Name
 *
Email
 *
Website (optional)
Comment
 *

Allowed tags: <a> link, <b> bold, <i> italics