Lucid Motors may occupy a 92,500-square-foot industrial building in Downtown San Jose as a potential electric vehicle dealer and repair shop.
The Newark-based EV luxury sports car maker has filed plans to occupy a newly renovated building at 250 Stockton Avenue, SiliconValley.com reported.
It was in February last year that Campbell-based Imwalle Properties was on the verge of approval for a 213-foot-tall, 910,000-square-foot office building on the same 2.2-acre site.
Now Lucid has revved its motor with plans to occupy the one-story building with a basement. The building contains a 47,500-square-foot ground floor, with a 45,000-square-foot basement, according to a Colliers marketing brochure.
The industrial building, built in 1966, was remodeled last August into flexible suites, according to Loopnet.
It’s not clear whether its owner, an affiliate of Imwalle, according to a local property database, plans to lease or sell the building to Lucid.
Lucid’s application, by attorney Seth King, contains no details other than location. King is Lucid’s senior counsel for global zoning, land use and licensing, according to his LinkedIn page.
Sales and repairs of vehicles would be viable for the building at 250 Stockton, making a dealership a possible use, commercial property experts familiar with Downtown San Jose told the Mercury News.
Lucid Motors, a unit of Lucid Group, produced 8,428 vehicles last year, up from 7,180 in 2022, the company reported last month.
With the overall office market slammed by a shift to remote work, plans by Imwalle Properties to build its glass office tower between Julian and West Santa Clara streets, near SAP Center and Google’s proposed Downtown West transit village at Diridon Station, appeared to be on hold.
“With the way the economy is now, this building won’t be coming out of the ground any time soon,” Don Imwalle Jr., a principal executive with Imwalle, had told the San Jose Mercury News.
In August 2022, Lucid Motors expanded its East Bay footprint by leasing a 160,000-square-foot industrial building in Newark.
— Dana Bartholomew