Construction on the first phase of Platform 16 in San Jose is underway once again after pausing in 2020. The mega office project is being developed by a joint venture between Boston Properties and Canada Pension Plan Investment Board. The first phase of the development is a 390,000 square foot class-A creative office building and an underground parking garage.

Located in Downtown San Jose on a 5.6-acre site, Platform 16 is a 1.1 million-square-foot office campus with 16 private outdoor terraces offering tenants city views, two pedestrian plazas for social gatherings and corporate events, a large fitness and wellness center and a café. It is in the center of a tech hub, adjacent to Google's planned eight million square foot Downtown West and Diridon Station, the largest multi-modal transportation hub in the Bay Area consisting of Caltrain, VTA light-rail, the ACE train, and the planned BART and high-speed rail lines.

Boston Properties hold a 55% interest in the property, while Canada Pension Plan Investment Board has the remaining 45% holdings. While the two firms didn't offer a reason as to why construction has resumed, industry sources have attributed the impetus to renewed office leasing activity. The developers expect the property to be ready for client fit-out in late 2024.