Those plans were derailed when the Better Cupertino political action committee introduced a ballot measure, known as Measure C, to reserve the Vallco site for commercial development only. Vallco Redevelopment Battle In Cupertino Highlights Barriers To Developers Sand Hill Property Company recently acquired an enviable chunk of Silicon Valley real estate in the form of Cupertino's Vallco Shopping Mall. Most Cupertino residents agree the mall needs to be changed, though what should replace it is debated, said Gary Chao, the citys assistant director of community development. Sand Hill Property Company launches office andretail leasing efforts, opens housing interest list, andshares new details for new social heart of Silicon Valley. On June 3, 2022, the City approved the modifications. City - Project Extension Application Request Letter, Housing and Community Development (HCD) Department's Technical Assistance Letter: He is a graduate of San Jose State University with a BA degree in broadcasting and journalism. On November 2, 2022, Vallco Property Owner LLC (VPO), applied for regulatory oversight for the western portion of the project site with the Santa Clara County Department of Environmental Health (SCCDEH) based on concerns outlined by the City in prior communication. On August 28, 2021, the City sent the following letter informing the Developer of their options related to project expiry and extension. In addition to the new public park, Sand Hill Property Company is also providing the citizens of Cupertino with $50 million in contributions to Cupertino schools. What permits have been applied for and issued for the Vallco Town Center Special Area? The offices will cater to both tech companies and life science firms, which have become a major driver of demand for office space in the Bay Area lately. On September 7, 2021, the City Council received an update on the status of the Vallco SB35 project. Sand Hill is backed by equity partner the Abu Dhabi Investment Authority, the sovereign wealth fund for the government of the Emirate of Abu Dhabi, in Vallco and the Main Street Cupertino projects, according to a source with knowledge of the transactions. The work plan needed to be submitted and reviewed prior to issuance of certain demolition permits. The opportunity for a profound transformation of the Vallco Mall came in 2014, when Sand Hill Property Company acquired the entire mall (including the anchor department store buildings), bringing Vallco under single ownership for the first time in its nearly 40-year history. Paper plans are available at City Hall for review during business hours. Amended Plan for Modification Received: Vallco Town Center, New SB 35-Compliant Plan for Vallco Mall Proposes The malls sale was complex as each anchor and the interior mall were separately owned, so each piece had to be negotiated on its own. Major industrial real estate players are seeing high occupancy rates and increased revenues at the start of 2023, but a flood 2007 - 2023 Mighty Dot Media, Inc. All rights reserved. Sand Hill also requested a height increase to 160 feet east of Wolfe Road and up to 85 feet west of Wolfe Road. On June 3, 2022, the City approved the Rise (formerly Vallco Town Center) SB 35 modification receivedfrom the Vallco Property Owner LLC (VPO) in March/April 2022.The City issued the following documents: Approval Letter Led by founders Peter Pau and Susanna Pau, Sand Hill Property Companys team of esteemed professionals has made us the most reputable and noteworthy real estate investment and development firm in Silicon Valley. Single ownership will remove the key barrier to redevelopment that has hampered the site for decades, wrote Sand Hill Principal and Founder Peter Pau in a letter he sent last month to the City of Cupertino Planning Commission. "Today is an important moment for those who have shared in Vallco's journey to be able at last to visualize the experience we have created together with The Rise," said Reed Moulds, managing director for Sand Hill Property Company. The City issued the following documents: Technical Corrections Letter - 6.21.2022 from 8 AM - 9 PM ET. With 40 acres of open space and the largest green roof in the world, the introduction of The Rise marks a new defining moment for Silicon Valley and the beginning of a new post-Covid era for urban design. Popular elements from prior input cycles have been incorporated into the plan, and today residents are getting a first look at the design details that reflect more than three years of refinement since the project's approval, as well as feedback from a series of surveys conducted over the past six months. Vallco - Fee Protest Letter, City's Response to Vallco's Fee Protest Letter: The project application was submitted pursuant to California Senate Bill 35 ("SB 35") providing for a streamlined, administrative approval . The Frequently Asked Questions (FAQs) below are to inform the community about SB 35 and explain how it relates to the Vallco Town Center SB 35 Application. Vallco Shopping Mall - Wikipedia There's going to be affordable housing, there's going to be market rate housing, there's going to be for sale, for rent housing here. Plus, the project will include about 2,400 housing units, of which 1,200 are slated to be affordable residences. Sreekrishnan also worries about Sand Hill using SB 35 to rush the plan through. The world's largest 'green roof' will be included in giant Cupertino About us. Get browser notifications for breaking news, live events, and exclusive reporting. The City received additional plans from the applicant on May 27, 2022. Our City Departments Community Development Planning Major Projects Vallco. The Rises managers hope the name will evoke the sense of positivity and vitality that Cupertinos new downtown neighborhood will inspire in those who live, work, or visit the area as a place where spirits and prospects will rise. The City reissued Standard Requirements: It will also include 1,973,000 square feet of office/lab space, with expanded floor plates to allow spacious office layouts and various laboratory configurations. There will be a 29-acre green roof the largest in the world and over six miles of trails, bike paths and play fields. Application for Modification: Then we have a deficit. Visa to Sublease 190,000 SQFT in San Francisco as It Plans STACK Infrastructures More than 500,000 SQFT Data Center Development Gains Approval Penny Lane by Trumark Homes Opens for Sale in Concord. On May 25, 2022, the City received amended plans from the Vallco Property Owner LLC (VPO) for modifications to the Vallco Town Center pursuant to SB35 project approved in September 2018. "Do I like the tax base that this represents? Artist's rendering of "The rise," a development on the site of the former Vallco mall in Cupertino. Originally built in 1976 as a traditional mall anchored by JC Penney, Sears, and Macys, the Vallco Mall has long underperformed despite occupying a prime site at the heart of the community. First published on March 25, 2022 / 6:00 PM. Get Morning Report and other email newsletters. Sand Hill Property aims to turn a former mall site it owns into about 2,400 homes, half of which would be affordable, almost 2 million square feet of offices or labs and a new shopping and entertainment district in Cupertino, a city of about 60,000 people where Apple is based and single-family homes sell for $3 million. Cupertino residents were told they would have a voice in the planning process, and now thats been taken away, she said. Why Sand Hill Property Co. filed a just-in-case lawsuit against The first phase will feature 350,000 square feet of retail, restaurant and entertainment uses, along with 800 homes and numerous open spaces, Moulds said. (Click here, if you are unable to view this video on your mobile device.). San Jose hotel project site is seized through foreclosure We want to be fair to the applicant, but we also want to be sure that the environment is safe for everyone, Paul said. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The development has been engulfed in controversy and litigation in recent years. 4(f) and 8. The revitalization of Vallco had been one of the citys highest priorities for more than two decades, Cupertinos Mayor once reflected. When typing in this field, a list of search results will appear and be automatically updated as you type. Sand Hill Property Company retained Brightworks to manage the LEED Platinum program and implement best practices from Sustainable SITES for this 58-acre, 16-building redevelopment of the failing Vallco Mall. She started her journalism career reporting on crime and breaking news for The News-Press in Southwest Florida. When complete, The Rise will include more than 2,400 homes, half of which will be affordable at varying below market rates, representing more than half of Cupertinos housing planning obligation to the state for the next eight years. Sand Hill Property Company, the developer that owns the nearly vacant Vallco Mall in Cupertino and has tried for years to redevelop it as a new mixed-use urban center, announced Tuesday. You may also sign up for email alerts from GeoTracker by clicking -GeoTracker Email Alerts. Dear Abby: I have a great life, so why have I fallen into this shameful behavior? On September 1, 2021, the City received the following letter as Technical Assistance upon issuance of the City's letter regarding Project Extension to the Developer. Marisa Kendall is a housing reporter for the Bay Area News Group who covers homelessness for The Mercury News and East Bay Times. SelectQ4 Documents from GeoTracker* (more documents in Soil Investigation Reports and Review tab): *NOTE: The applicant is submitting documents directly to the Santa Clara County Department of Environmental Health for review. I am thankful to and proud of my team and our partners in the community who have worked diligently together to ensure that this project will surpass the communitys expectations, not just today but into the future, said Moulds. EXCLUSIVE: Sand Hill Property Completes Purchase of Entire Vallco Mall for Total Peninsula Mayors Forum & Industry Outlook, Northern California Life Sciences Webinar, The Sobrato Organization Proposes 432-Unit Multifamily Community in Menlo Park, San Mateo Countys $57MM, 240-Unit Navigation Center Opens in Redwood City, City of Cupertino Announces Fiscal Challenges and Necessary Budget-Balancing Strategies, Cupertino City Council Approves 282,000 SQFT Apple Redevelopment Project, Lucid Motors Issues Requirement to Add Service Centers Across Much of Silicon Valley, Spieker Companies Sells Aging Mountain View Apartment Complex for $57.4MM, Nibbi Jumps into Modular Construction with Sango Court Project in Milpitas, Industrial Market Is Hitting Record Occupancy, But Industry May Be Stabilizing. Crowned by an astonishing 29-acre green roof - the largest in the world - and over six miles of trails and bike paths, The Rise seamlessly bonds residents and visitors with nature while forming an. Along with natural ventilation and smart technology, the green roof will also ensure energy efficiency, providing natural insulation that will keep the buildings and surroundings cool in the summer and warm in the winter.
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