$56.2 million downtown development leases more tenants


The Paseo project will replace Camera 12 theaters and include an indoor mini golf course, axe-throwing venue, and top-notch dining. | Renderings via HGA

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Hey neighbor… a new restaurant + bar has filled the last spot on a list of merchants leasing space in the high-profile Paseo mixed-use project, which is currently under construction..

The dining, retail, and office development is replacing the former Camera 12 Theater that sits on the corner of Paseo de San Antonio + S. Second St, and is set to open late 2022.

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🏗️ The background

Urban Catalyst, the San Jose-based real estate development firm behind the Paseo, began construction in Aug. 2021. This is their first of eight other planned projects to break ground.

The $56.2 million Paseo project will be three stories totaling 100,000 sqft., with the top two floors allocated for office space, and the ground floor reserved for retail + restaurant space.

Expect a wide-open space. 20-ft high ceilings will create “floating” conference rooms, with mezzanine levels + elevated bridges that will lead out to a rooftop garden with lounge chairs and views of the city’s skyline.

🏗️ The tenants

The owners of Original Gravity Public House, Paper Plane, and Miniboss have leased about 4,000 sqft to a new restaurant + bar (yet to be named) that will offer brunch, dinner, and top-notch cocktails. Other tenants include:

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The interior construction zone poised for a cafe with office space to its right. | Photo by SJCtoday staff

🏗️ The next steps

Now that the retail + dining space has been filled for its “Restaurant Row,” marketing for office tenants will heat up with commercial real estate firm Newmark Knight Frank, heading the search.

The Paseo construction is expected to be completed by June, but some tenants will plan to open in the fall or near the holiday season, though some of our sources at the construction site said it’s likely to be next year.