Approval Letter: Vallco went into bankruptcy followed by foreclosure in 2008. The following information was received by the City on September 7, 2018 from the applicant, as the fourth submittal, in response to the City's 90-day letter requesting further clarification/supplemental material in support of their SB 35 application. Our commitment to continuous improvement means that quality, productivity, and safety are essential parts of . Artist's rendering of "The rise," a development on the site of the former Vallco mall in Cupertino. George Avalos is a business reporter for the Bay Area News Group who covers the economy, jobs, consumer prices, commercial real estate, airlines and airports and PG&E for The Mercury News and East Bay Times. 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. These are all available in the "The Rise - Modification Application" Section below. Now, about 640 of the affordable units, or 53%, will be 1-, 2- and 3-bedroom units, while 560 affordable units, or 47%, will be studios, Moulds said. These programming details were especially informed and inspired by the evolutionary changes over the past two years, and our continuing community outreach has helped ensure we remain connected and optimistic in our vision for our post-pandemic world.. In a complicated deal nearly two years in the making, an affiliate of Menlo Park-based developer Sand Hill Property Co. has purchased the long-struggling 1.3-million-square-foot Vallco Shopping Mall in Cupertino with plans to replace it with a mixed-use development. All Access Digital offer for just 99 cents! The project continues to be a mixed use development with 2,402 units of housing, approximately 1.97 million square feet of office space and about 425,000 square feet of retail uses. Some residents have attempted to block the project over concerns it could unleash brutal new traffic jams. Featuring expansive valley views afforded from its green roof open spaces and homes, office spaces and retail venues, The Rises interconnected design will make it the place where culture, nature and community connect. The Rise embraces the natural environment, Cupertinos cultural and socioeconomic diversity and the citys residents strong desire for a local gathering place to come together as one community. N8183 Sand Hill Dr , Malone, WI 53049 is a single-family home listed for-sale at $425,000. There will be housing for the workforce, housing for families. We have a regional deficit," Paul told KPIX 5. 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. Sand Hill responded with Measure D, which asked voters to approve the Hills at Vallco plan. Center-court at The Rise will be the West Plaza, a highly programmable destination capable of hosting major events, community gatherings, farmers markets, cultural festivals, music performances, and seasonal offerings such as harvest parties and holiday ice-skating. 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.

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