SAN JOSE, Calif., Dec. 23, 2019 /PRNewswire/ -- San Jose-based Urban Catalyst, a ground-up real estate development fund focused on opportunity zones, made three major announcements this week. Vacant building to be transformed into vibrant office & retail space close to transitUrban Catalyst announced that they have closed on a property at 201 S. 2nd Street in downtown San Jose. Currently a vacant building, The Paseo property is slated to be transformed into a combination of 65,000 square feet—three floors—of office space over 20,000 square feet of ground floor retail.