Big retail center planned for south San Jose to include a Target

Target is expected to be the primary anchor for a new shopping center that will rise near the Kaiser hospital in South San Jose.

The new retail complex, dubbed Village Oaks, will total 320,000 square feet. Besides Target, a major supermarket is expected to be one of the anchors. A health club, restaurants, banking and other retail are expected to make up much of the remainder of the tenants.

After stalling during the recession, the center's launch is being bolstered by a rebounding local economy. Principal developer Hunter Storm Properties has teamed up with realty finance and investment firm Pacific Coast Capital Partners.

"We have very strong interest in most retail categories for this site," said

The location of the retail complex, near Highway 85 and Cottle Road, is in a retail void for large shopping centers.

"This area is really underserved for retail," said James Chung, a partner with Terranomics, a real estate firm that is scouting for tenants to occupy the project.

The developers and Terranomics wouldn't identify the anchors that have agreed to move to the center, which will occupy a portion of the former IBM disk drive factory site.

However, marketing materials for the complex and a residential development that will be constructed nearby

The nearest Target stores are at San Jose's The Plant shopping center and on East Capitol Exopressway off Highway 101 to the north, Oakridge mall to the west and a shopping center in Morgan Hill near 101 and Cochrane Road.

The robust job market in the South Bay has helped coax considerable interest out of big retailers for this center and elsewhere in Silicon Valley.

Read more from the original source:
Big retail center planned for south San Jose to include a Target