The Paseo The Paseo propertyis slated to be transformed into 65,000 square feet of office andretail.

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SAN JOSE—San Jose-based Urban Catalyst, a ground-up real estatedevelopment fund focused on opportunity zones, recently announcedseveral opportunity zone projects. The projects are located in SanJose.

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Urban Catalyst closed on a property at 201 S. 2nd St. indowntown. Currently a vacant building, The Paseo property is slatedto be transformed into 65,000 square feet on three floors of officespace over 20,000 square feet of ground-floor retail. The buildingis located near transit.

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Urban Catalyst submitted a site development permit for theKeystone property at 491 W. San Carlos St., the future site of aMarriott TownePlace Suites. In July, Urban Catalyst purchased theproperty, located 200 yards from the recently announced downtownWest Google campus and Adobe's global headquarters, and steps awayfrom the SAP Arena and Diridon Station, the largest multi-modaltransit hub on the West Coast.

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In addition, Urban Catalyst submitted preliminary plans for itsproperty at 147 E. Santa Clara St. Located across from city hall,and 100 yards from the future BART station, the project is expectedto include 20 stories of residential with 300-plus units and fourstories, 120,000 square feet of office space, as well as fourstories of parking. Possible amenities include a flexible communityspace for residents. Currently a Chevron gas station, the land ispre-zoned and pre-general planned for mixed use.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.