Asian supermarket sells downtown San Jose property and buys new location

Asian supermarket sells downtown San Jose property and buys new location
Asian supermarket sells downtown San Jose property. Photo Credit: Canva
By Wesley Severson - Published on July 21, 2021.

It appears that a popular Asian supermarket in downtown San Jose will soon be moving to make way for another residential high-rise project. Mercury News reports, the Hua family, which owns Dai Thanh Supermarket, sold 16 parcels at the site of the store on South Second Street near San Salvador Street.

The $17 million deal paves the way for another large-scale housing project that, according to another Mercury News report, is being worked up by some local developers and hasn’t yet been brought forward for approval. If built, the planned high-rise building will be one of three large residential projects in the area that are supposed to help revitalize downtown San Jose. All three projects are in the early planning phases.

As for Dai Thanh Supermarket, it is just moving to East San Jose. The owners just paid $6.8 million dollars to purchase a new location at 2040 Tully Road which has a total of 15,500 square feet of space and previously housed a Michael's craft store.

The real estate agent who arranged the sale of the 1.4-acre site, David Taxin, told Mercury News that the busy location at Tully Road and Quimby Road will likely mean more customers for Dai Thanh. “This is a great location for an Asian market. It’s in front of the million-square-foot Eastridge mall. The traffic on Tully is tremendous, it’s like an expressway. It has great accessibility and visibility. Their customers will follow and they will pick up a lot of new customers,” Taxin said.

The new Dai Thanh location will have more than double the amount of parking as there was at the downtown store. So far, the owners have not said when the downtown store will close or when the new Tully Road location will open.