At least, that's the case for some technology firms in the SanJose, Calif., area. With outlying surburbs now saturated withstart-ups, companies are increasingly choosing to relocate to SanJose's in-the-midst-of-redevelopment downtown.
Leading the trend is AboveNet Communications, which two monthsago opened its 123,500-sf data center in the downtown area's formerPavilion retail center. And four new buildings in the area got thego-ahead in June, one a 22-story office tower to be built bydeveloper Kimball Small near AboveNet's block-long facility atFirst and San Fernando streets.
AboveNet is leasing 60% of that 329,000-sf tower, and alreadyhas 385 employees in the downtown area. Other tenants eyeing therest of the space include Ask.com, America Online, and Webvan.
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