Trampoline park being prepped at former Walmart site
SAN JOSE >> A family-oriented trampoline park is starting to take shape in part of a former Walmart store in San Jose, a new business that points to ongoing shifts in the retail and real estate landscape.
Altitude Trampoline Park has rented a portion of a former Walmart Supercenter store at 5502 Monterey St. in South San Jose, a retail building that's part of a big shopping center called Monterey Plaza, according to documents on file with the Santa Clara County Recorder's Office.
The space that Altitude Trampoline has leased totals 30,000 square feet, according to a Monterey Plaza marketing brochure that JLL commercial real estate brokers Jeff Badstubner and Justin Choi are circulating. JLL arranged the Altitude rental deal.
The former Walmart store space totals 96,600 square feet, the JLL brochure shows. In recent years, City Sports Club leased 35,500 square feet in the building. A space totaling 31,100 square feet within the retail building remains empty. In recent days, construction crews have been engaged in building out the interior spaces of the future
Altitude Trampoline Park, according to direct observations of the site by this news organization.
It wasn't immediately clear when the trampoline park would open. Altitude Trampoline did not immediately respond to a request for comment regarding the new location.
However, Altitude Trampoline lists the San Jose site in Monterey Plaza in the company's “coming soon” section. The company also has posted paperwork on the doors of its future location in the shopping center.
Altitude Trampoline also intends to open new locations in the Sacramento County city of Folsom and the Los Angeles County city of San Dimas.
In December, Brixton Capital paid $33 million to buy Monterey Plaza, documents on file with the Santa Clara County Recorder's Office
show.
Altitude Trampoline's various indoor parks offer an array of activities, in addition to trampoline jumping. Among the attractions are a Ninja running course, dodgeball, a zip line, a competitive playground, a trampoline basketball dunk area, as well as activities for smaller children and toddlers. Children also can stage jousts on a narrow battle beam.
The company has also introduced what it calls its new “basecamp model” as a way to meet market demand and fit the availabilities in the current commercial real estate scene.
“With the streamlined and efficient design of the `basecamp' model, sightlines are improved to the benefit of parents and park employees, both of whom keep a watchful eye on kids playing,” Altitude Trampoline
states in a news post on its website.
Altitude Trampoline also intends to include augmented reality offerings as part of its ongoing basecamp model.
“The future of indoor entertainment franchises will involve more technologically driven attractions,” Altitude Trampoline states on its website. “While virtual reality had a surge in popularity a few years ago, augmented reality elements are taking over across the globe.”
The company believes it will be able to make a big impact with its base-camp approach.
“Altitude's `basecamp' model provides our owners with great core Altitude attractions giving them the ability to be the `Walt Disney' of their community,” Altitude Trampoline states in a web post.