The Shopping Center Today
The Cambrian Park Plaza Shopping Center is located at the intersection of Camden Avenue and Union Avenue on approximately 17 acres in San Jose. The property was originally developed in the 1950s and currently includes 170,449 +/- square feet of retail. Major tenants include Dollar Tree, BevMo! and Roundtable Pizza. The center serves over 182,000 people within 3 miles in the San Jose, Los Gatos and Campbell areas.
Since originally developed, the center has become unattractive to potential new tenants due to its lack of modern function and appearance. The current vacancy rate is approximately 34% and rising. Because of its relatively low density, aging infrastructure and short term lease arrangements, the property presents a rare opportunity for the local community, City, and Weingarten Realty to pursue redevelopment.
Looking Toward the Future
Weingarten Realty has spent two years studying the neighborhood, gathering input from City planners, meeting with neighbors, and conducting surveys to obtain feedback and inform its planning efforts for redevelopment of this important site for the Cambrian community. At the beginning of 2017, Weingarten presented a preliminary plan to the community for a neighborhood serving retail/mixed-use development. The concept included neighborhood retail, hotel/office, assisted living, a park, townhomes, and apartments.
An online community survey was conducted to receive additional feedback about the preliminary plan. The participation was incredible with 1,300 participants and over 800 individual comments. While comments covered a wide range of ideas, themes and concerns, more than 60% expressed support for a mixed-use plan that included housing.
Major recurring ideas and themes from the survey comments included:
- Create a mixed-use project that can serve as the “Town Center” for Cambrian
- Provide inviting open space and gathering spaces for the community
- Provide diverse, distinct restaurants and entertainment-oriented retail
Areas of understandable concern, which were especially highlighted at community meetings included:
Traffic, more housing, building heights, efficient parking, neighborhood character, and adding more “strip mall” retail. All of these comments have helped shape our planning and design efforts.