The slowly deflating #CommercialRealEstate bubble continues. People are just not that interested to go back to the office.
This building in a suburban #SanJose office park was occupied by Nio, the Chinese carmaker, who did not renew their lease in October 2023. Without a new tenant, the building went into foreclosure with $25M of outstanding debt.
@EverydayMoggie@samiamsam It’s not easy to do it because you need a. window access and b. nearby plumbing. Office buildings usually have huge floor spaces that are far from windows, and have plumbing concentrated around the toilet/kitchen areas on the floor.
Not saying it can’t be done. But it’s likely to end up with housing units around the perimeter of each floor, with the central areas walled off.
Yeah, there are definitely some things that will have to be overcome. I imagine it's possible to extend the plumbing. Maybe the interior of the building could contain things like laundry rooms and storage lockers (apartment buildings always need more storage), or even bike parking, or on-site exercise facilities.
San Jose may have the lowest "Average Daily Vehicle Miles Traveled Per Capita", but what does that have to do with its VTA?
Valley Transit Authority has, by its own admission, the worst performance of any public transit agency in California (using the accepted metric "fair box recovery rate").
Also, many of us telecommute, and others certainly don't get very far very fast on our clogged roads.
@johnlogic@talzag
> sourced by mobility analysts at Streetlight Data, which compiles anonymized travel information from millions of cell phones, connected vehicles, connected infrastructure, and other sources that the company verifies against traditional traffic counters and surveys and runs through a proprietary algorithm.
(emphasis added)
That "proprietary algorithm" is giving me bad vibes that this is some AI backed company and that this article is mostly an ad for the company above.
Our next #TransitMeetup is on the books! Join us at Mountain View Transit Center on March 17 at 5:30 PM to celebrate transit staff and operators! Come discuss transit with other passionate transit fans and write notes of appreciation to drivers and agencies.
We’ll also be doing a group transit ride from West Valley College to the MVTC. Join us at the WVC Transit Center at 3:30 PM to ride with us!
Via@robmayeda@sfba.social: City of San Jose with evacuation orders near the Guadalupe River currently forecast to reach flood stage near Almaden Expressway Sunday morning. (1/2) #evacuation#CAwx#SanJose#SFBA#Flooding
“Moderate Flood Stage. River continues to overtop upstream of Alma Avenue Bridge into the Elks Lodge, spilling north along Lelong Street. Alma Avenue/CA87 viaduct is flooded. Creek overbanks west near Minnesota Avenue downstream of Alma Avenue. Properties south of the old UPRR alignment in the Northern Cross Neighborhood are also at risk. Thousand Oaks Park at risk of flooding.” #CAwx 2/3/2024 (2/2)