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major real estate company, BXP, has put a 24-acre San Jose property up for sale after previously considering it for tech campus and housing developments. The site, bounded by North First Street, Daggett Drive, Zanker Road, and East Plumeria Drive, was initially envisioned as a 1.1 million square foot office campus in 2016 with Apple as a potential tenant.

    However, the COVID-19 pandemic and subsequent business shutdowns derailed those plans, and BXP later floated a proposal to develop several hundred homes on the site in August 2024. Now, the company has decided to sell the entire property, citing a change of direction due to market conditions.

    This move is seen as a sign of retrenchment in the Bay Area office market, where developers are reassessing their commercial property holdings. BXP's decision comes after it scrapped plans for housing on seven acres of the site and follows a similar move by the company to sell another major development site in downtown San Jose.

    The north San Jose property has undergone significant changes in vision over nearly a decade, with various proposals and setbacks along the way. BXP currently owns two other major development sites in San Jose, but is not selling its Platform 16 project site, which was also impacted by the pandemic's effects on office demand.