Type | privately held |
---|---|
Industry | real estate |
Founded | 1975 |
Founder | Jay Paul |
Headquarters | Silicon Valley |
Area served | San Francisco |
Jay Paul Company is a privately held real estate development company, working primarily in Silicon Valley and based in San Francisco. [1] The company holds more than 11 million square feet of office space in Silicon Valley, and growing. [2]
Jay Paul Company was founded in 1975, as a result of the founder, Jay Paul, saving his father's savings-and-loan business in Southern California. [3] [4] In the early 1980s, the company started building office spaces in Silicon Valley. [4] In the late 1990s, Jay Paul Co. bought up part of Moffett Field for development, since then it has grown into five business complexes in a 1,156-acre business district known as Moffett Park within Sunnyvale, California. [5]
Jay Paul Company's first project in the city of San Francisco was 181 Fremont, a skyscraper with a 70-story tower with offices and 67 luxury condos up top. [2] 181 Fremont was completed in 2016, and at the time was the second-tallest building in San Francisco. It replaced a four-story building. [6]
In 2018, Jay Paul Co. purchased Cityview Plaza in San Jose, California which will be an 11-acre, mixed-use development project and includes office, retail, a public plaza, and parking stalls. [7]
It has been speculated that the success of the company has been due to investing in higher quality construction, with consideration of special features uncommonly found in traditional office spaces (such as volleyball courts, basketball gyms, onsite cafes, etc), and investing in spaces along major highways in order to encourage companies that want to display signs. [3] [4]
Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of Santa Clara Valley. San Jose is Silicon Valley's largest city, the third-largest in California, and the tenth-largest in the United States; other major Silicon Valley cities include Sunnyvale, Santa Clara, Redwood City, Mountain View, Palo Alto, Menlo Park, and Cupertino. The San Jose Metropolitan Area has the third-highest GDP per capita in the world, according to the Brookings Institution, and, as of June 2021, has the highest percentage of homes valued at $1 million or more in the United States.
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