September 18, 2021

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Downtown San Jose Asian retail store house sellers invest in internet site for new market place

2 min read

SAN JOSE — The household that offered a downtown San Jose web page where they are working a well-liked Asian supermarket has previously found a spot to open a new current market, a decision website near the large Eastridge Heart.

The Hua loved ones on July 16 bought a number of parcels exactly where the existing Dai Thanh Supermarket is positioned at and in close proximity to 418 S. 2nd St. in San Jose in a $17 million deal.

The present retail outlet will stay at the South Next Avenue internet site for at least two to 3 far more years even though the residential challenge goes by a complete-scale metropolis approval approach.

The downtown San Jose homes will accommodate a huge household project staying prepared by area developers Gary Dillabough and Jeff Arrillaga.

The Hua family acquired a residence at 2040 Tully Road in San Jose, having to pay $6.8 million for the parcel, according to paperwork submitted on July 19 with Santa Clara County officials.

The new property house owners intend to revamp the inside and exterior of the Michaels retail outlet so they can open a new Dai Thanh Supermarket on the web page, claimed David Taxin, a companion with Meacham/ Oppenheimer, a industrial actual estate business.

Taxin arranged the invest in of the assets, a 1.4-acre website that accommodates the Michaels retail store, which totals 15,500 sq. ft.

The just-acquired parcel is at the occupied intersection of Tully Street and Quimby Street.

“This is a good spot for an Asian market,” Taxin claimed. “It’s in entrance of the million-square-foot Eastridge shopping mall. The targeted visitors on Tully is tremendous, it is like an expressway. It has great accessibility and visibility.”

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