Community Benefits

  • Stevens Creek Promenade is a pioneering catalyst project on Stevens Creek Boulevard, providing jobs, housing (both market rate and affordable), shopping, and engaging public open space.
  • No current community residents will be displaced.
  • Approximately 1,000 high quality jobs to enhance the San Jose economy and in support of the vision and land use plans for the Stevens Creek Urban Village.
  • 582 new rental homes (494 market rate and 88 affordable) for our growing population.
  • Affordable apartments (16 studios, 42 x 1 Bedroom, and 30 x 2 Bedrooms) will be offered at below market rate to qualifying households.
  • 1.4-acre publicly accessible pedestrian promenade and gathering place featuring a “Welcome” plaza, an undulating central green, place-making art, seating area for gathering, lounging, and eating, a central event plaza, outdoor fitness area, fenced dog run, play areas with non-traditional elements inclusive of all ages and abilities, and lush trees and landscape—all comprising an inviting, engaging park space for the public while also integrating with and supporting the project’s office and residential needs.
  • Bicycle, Pedestrian, and Transit Access Features:
    • New dedicated bike lane on Stevens Creek Boulevard.
    • Signalized mid-block crossing with landscaped median for pedestrian refuge along with bulb-outs to minimize crossing distances. Mid-block crossing will also improve access to the transit facilities and provide space for bike share programs.
    • Relocated transit stop to far side of mid-block crossing for optimal traffic flow.
    • Widened sidewalk on Stevens Creek Boulevard with new street trees and landscaping.
    • Bike share facilities along with bike lockers and bike racks.
  • Robust TDM (Transportation Demand Management) program including: transit passes and other incentives for employees and residents, EV charging stations, bicycle lockers and repair facilities, showers for bicycle commuters, space for tenant-operated commuter shuttles, space for bike share, car-share facilities, and more.
  • New retail within walking distance for existing and future neighbors.
  • Project will be required to contribute millions of dollars toward transportation infrastructure improvement planned for the Stevens Creek corridor.
  • Mixed-use development will provide the opportunity for residents to live within walking distance to their jobs, reducing traffic impact.
  • School impact fees will be paid to the local school districts, in addition to substantial increases in property tax revenue to the districts as a result of the project.
  • The project will be designed to the latest energy and water efficiency standards and with drought-tolerant landscape.