The yellow sign is still there. So is the carousel on top of it, frozen mid-turn the way it has been for years, and so is the covered walkway where Heartbeat Cafe has poured coffee since 1996. If you drive past the corner of Union and Camden on a Tuesday afternoon, the parking lot still looks the way it has looked since the pandemic: mostly empty, patient, waiting for something that keeps almost happening.

What changed this year isn't the view from the sidewalk. It's a piece of paper filed in February, and a deadline originally set for this fall that the city has since pushed back. If you live in Cambrian and have half-followed this project for the better part of a decade, both of those things are worth twenty minutes of your attention, because they say more about what actually rises on that 18-acre lot than any rendering the developer has released.

The Deadline That Already Moved Once

A key detail is that the Planned Development Permit that the San José City Council approved for this site on November 2, 2022, came with a clock attached. Four years from approval, the entitlement expires unless the owner acts. That clock was set to run out on November 2, 2026, seven weeks from today.

It won't run out this fall. City permit records show the owner already applied for and received the first of two one-year extensions allowed under the permit's own conditions, pushing the expiration to November 2, 2027. That's not a footnote. It's the difference between a project that has to show real construction progress this fall and one that gets another full year to figure out how to make the numbers work. One more extension is available after this one, and then the clock stops for good.

What the Permit Amendment Would Change

The extension isn't the only filing on record this year. On February 13, 2026, Kimco's Michael Strahs submitted a separate request, a Planned Development Permit Amendment labeled PDA20-007-01, with the city opening public review under planner Laura Meiners. City documents describe it plainly: a phasing plan, with no changes to land use, unit counts, or commercial square footage.

Under the proposal, housing would be built before retail, the hotel, and the plaza.

The 2022 approval followed years of public discussion, including advocacy by a group called Friends of Cambrian Park.

"They wanted to see a place that was a location that people would come to linger at, that had sit-down dining. They didn't want more fast food."

Peter Clarke discussed residents' preferences in an interview with KQED. Apartments were included in the approved plan alongside retail, a hotel, and a plaza.

The Approved Plan for Cambrian Park Plaza

It helps to see the full shape of what the city signed off on in 2022, because the debate over sequencing only matters if you know what's being sequenced.

The 1953 carousel sign, which received historic status from the city in 2016, stays. The approved plan resets it along Union Avenue, positioned between the new apartments and the senior residence, a detail that hasn't changed in any version of the filings.

What has never been settled is which of those rows gets built first, and that's exactly what the February amendment is trying to decide.

The Corner Businesses Waiting It Out

Somewhere in the middle of all this paperwork are the people who actually run the storefronts under that covered walkway. Jolanta Kobylinski has owned Heartbeat Cafe since 1996. The San Jose Spotlight reports that tenants leasing space at the plaza since 2015 or earlier qualify for relocation assistance and a guaranteed spot in the finished development.

That protection matters more the longer this drags on, because it means the businesses with the deepest roots on that corner aren't the ones at risk of being quietly priced out during construction. They're the ones the city specifically wrote in as staying.

Why "Economically Feasible" Keeps Showing Up

If you want the plainest explanation for why 2026 looks the way it does, it comes from Kelly Snider, a development consultant who teaches at San José State. In an interview with KQED about the entitled plan, she said:

"The plan that you can look through on the city's website is not economically feasible to build."

The reasoning isn't complicated once you separate the pieces. A hotel, an assisted living facility, market-rate apartments, and for-sale townhomes each pull from a different pool of capital, on a different construction timeline, with a different tolerance for 2026 interest rates. Apartments are the one line item where the math still works with today's rents already in place. Everything else on that list is harder to finance right now.

That's not a story unique to Cambrian. Large mixed-use projects across the Bay Area have been stalled, shrunk, or resequenced for the same reasons over the past few years. Cambrian Park Plaza just happens to be the version of that story playing out on a corner residents drive past every day.

What to Watch Between Now and Next Fall

None of this requires you to do anything different this week. The plaza is open, the businesses under the walkway are open, and nothing about daily life on Union Avenue changes because of a filing at City Hall. But if you want to actually understand where this project stands instead of half-remembering a headline from four years ago, here's what carries real weight:

• Whether the city approves the phasing amendment as filed, which would let housing move forward without a guaranteed timeline for the retail and hotel components
• Whether the second and final one-year extension gets used before November 2027, which would signal the project is still short of breaking ground even after this year's push
• Any construction-start filing or grading permit, which would be the first physical evidence that something is actually being built rather than re-sequenced on paper

The city's decision on the phasing amendment will help determine whether housing moves forward before the other components.

If you've been sitting on a decision about your own home nearby, whether that's a sale, a purchase, or just trying to read what a project like this does to a neighborhood's long-term character, that's exactly the kind of question worth talking through with someone who watches these filings for a living. Danielle Cashen and the Moles Group team track this corner of San Jose the way they track every neighborhood they work in, and a free home valuation is a low-pressure way to start that conversation whenever you're ready.

This article is general information, not legal, tax or financial advice. Consult a qualified professional about your situation.