The project will be built in phases over several years, according to Sand Hill. Sand Hill Property Company launches office and retail leasing efforts, opens housing interest list, and shares new details for new social heart of Silicon Valley Cupertino, Calif. (March 24, 2022) Sand Hill Property Company announced today the introduction of The Rise, its much-anticipated, approved mixed-use development in Cupertino previously known as Vallco Town Center. Retail stores will line Stevens Creek Boulevard, and two shopping streets ideal for walking and biking will cut through the middle of the project, leading to a town center. Located adjacent to Apples new headquarters, The Hills at Vallco in the Silicon Valley community of Cupertino will revitalize the failing Vallco Shopping Mall into a vibrant, sustainable, walkable and safe new neighborhood with a mix of retail, dining, entertainment, recreation, offices, housing, open space, and public amenities. The redevelopment project of Cupertino's Vallco mall has a new name and Sand Hill Property Co. has been winding down operations at Vallco, its dying Cupertino shopping mall, for more than a year. The link to the East Vallco site on the GeoTracker is: E-mail Services provided Advanced Green Buildings LEED Services Other Green Building Consulting Industry sector Real Estate Development By The Registry Staff "The Rise is born from the global capital of innovation Silicon Valley has changed the way the world lives, and The Rise aspires to fundamentally change how Silicon Valley lives. Developer files claim against city over Vallco "downzoning" 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. City Response to HCD TA Letter Disclosable plan sets are available upon request. ON TIME AND ON BUDGET. The Rise will include 429,000 square feet of retail, dining and entertainment space and 1.97 million square feet of office and laboratory space. Marisa Kendall is a housing reporter for the Bay Area News Group who covers homelessness for The Mercury News and East Bay Times. Amid the demolition of Vallco, the city and Sand Hill Property Co. continue battling over plans for a mixed-use development with housing on the old mall site. Vallco Town Center - Property investment For us this is an exciting day, said deputy director Pilar Lorenzana, and were hopeful that the community of Cupertino will agree to welcome 1,201 additional families to their community.. 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. It will also have a new open-air netted playfield over Wolfe Road that will serve as a bridge between all buildings of the 50-acre site. (Click here, if you are unable to view this video on your mobile device.). N8183 Sand Hill Dr , Malone, WI 53049 is a single-family home listed for-sale at $425,000. Google moves into two big San Jose buildings within huge tech campus Sand Hill Property is moving forward with remediation of the contamination. Attachment to HCD Letter - September 7 City Council Staff Report and Attachment, Vallco Response Letter toCity's Project Extension Application Request: SV@Home, a pro-affordable housing organization, applauded the Vallco Town Centers proposed 1,201 units of below-market-rate housing. Today the mall is a ghost town of empty store fronts, many shut with metal gates. Vallco Town Center SB 35 Project | City of Cupertino, CA Vallco Town Center will have the feel of a bustling downtown, Moulds said. Featuring expansive valley views afforded from its green roof open spaces and homes, office spaces and retail venues, The Rise's interconnected design will make it the place 'where culture, nature and community connect.' Occupancy at the mall stands at 60 percent, a drop of about 5 percent from one year ago, with tenants including Claires Boutique, Victorias Secret, Gymboree, Famous Footwear and TGI Fridays, Rohde said. When typing in this field, a list of search results will appear and be automatically updated as you type. The developer of Cupertinos Vallco Town Center, one of Silicon Valleys largest mixed-use projects, rebranded it as The Rise and hired commercial listing brokers, calling it a new era for a $4 billion development thats been hampered by delays since it was approved more than three years ago. NBA playoffs: When will the Warriors-Lakers series start? A defining moment for Silicon Valley. 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. A bowling alley and ice rink also are within in the mall. Get Morning Report and other email newsletters. Vallco Letter re: Environmental Review Protocol, City's Response to Vallco Letter re: Environmental Review Protocol Previously, about 75% of the affordable units were expected to be studios, and 25% would be 1-, 2-, or 3-bedroom units. 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. The states then-governor signed it into law in 2017 to fast-track the approval process for qualifying projects in cities that have fallen far behind on housing production goals. On August 28, 2021, the City sent the following letter informing the Developer of their options related to project expiry and extension. The approved plan is the result of more than seven years of work with the local community to identify wishes, needs and priorities for the new development. The project application was submitted pursuant to California Senate Bill 35 ("SB 35") providing for a streamlined, administrative approval . CUPERTINO (KPIX 5) Most of the 50-acre former Vallco site in the heart of Cupertino has been cleared down to bare land, ready for an all-new development plan after years of legal wrangling. The 180-day deadline to provide a determination on the Vallco SB 35 project was Sunday, September 23, 2018. Huge Cupertino village seeks tenants, residents, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on Reddit (Opens in new window), First Republic Bank seized, sold to JPMorgan Chase, Huge Cupertino village seeks residents and office, retail tenants, San Jose hotel project site is seized through foreclosure, Big changes starting today in how mortgage fees are calculated, Future of state housing is at stake in UC ruling, governor says, Travel retailer opens store in San Joses Santana Row, Google moves into two big San Jose buildings within huge tech campus. We encourage our community members to stay engaged in the design and planning process of the Vallco Special Area,Brandt wrote in an emailed statement, as its an opportunity to negotiate community benefits and express project options and preferences.. 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. The Rise represents an innovative vision that boldly seeks to meet the needs of the region and community. The Rise is born from the global capital of innovation, Moulds said. She previously covered startups and venture capital for the Bay Area News Group and prior to that court cases for The Recorder in San Francisco. City Response to HCD's Technical Assistance Letter: City officials have 180 days to approve Sand Hillsproposal under SB 35, assuming it meets the citys big-picture zoning and planning requirements. All rights reserved. The City issued the following documents: Technical Corrections Letter - 6.21.2022 The green roof concept will extend to just about every part of this project, Moulds said. Sand Hill Property Company | Silicon Valley | SHP 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. Artist's rendering of "The rise," a development on the site of the former Vallco mall in Cupertino. Gas prices on the rise, officials rushing to approve BART extension to San Jose and the Bay Bridge Series will now have a trophy are some todays Hot List stories. 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. 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. Brightworks began its work on the project with an extensive analysis for Sand Hill Property Company and the design team of options to certify the buildings as green buildings and include innovative environmental programs in the development. The rebranding pays homage to California's spirit of possibility, history of innovation, and breathtaking natural beauty. Overall, the Rise will have 40 acres of open space, including 4 miles of trails and paths, recreational lawns, family picnic areas, playgrounds, seating areas, and an informal amphitheater. It's a $4 billion dollar plan to bring Vallco back to life. Please visit the GeoTracker link provided above to sign up for updates from GeoTracker for all documents and to get real time updates on the latest activity. : 2001-2023. On June 3, 2022, the City approved the modifications. Still, plenty of work will be required before the project can reach a visible construction phase, Cupertino Mayor Darcy Paul noted. Please enter valid email address to continue. https://geotracker.waterboards.ca.gov/profile_report.asp?global_id=T10000020648. It will recapture rainwater to reduce water consumption. ft. home is a 3 bed, 2.0 bath property. The primary court documents in the case are posted below. ", 2016 Economic Development Strategic Plan (EDSP), Waiver of Business License Tax (Non-Profits), City Code, Permits, Inspections & Licenses, McClellan Road Separated Bike Lanes Project, Accessory Dwelling Unit - Pre-Approved Plans, Wireless Communications Facilities Ordinance, Apple Park Phase 1 Architectural and Site Refinements, Steve Jobs Presents to Cupertino City Council, Reissued Attachment C - Modification Conditions of Approval, Attachment C - Standard Requirements and Project Implementation Requirements, https://geotracker.waterboards.ca.gov/profile_report.asp?global_id=T10000020648, Signed Application for Regulatory Oversight Vallco SCCDEH - 11.02.2022, SCCDEH LettertoDepartment of Toxic Substances Control (DTSC) and Regional Water Quality Control Board (RWQCB), Signed Application for Regulatory Oversight Vallco SCCDEH- 04.15.2021, SCCDEH LettertoDepartment of Toxic Substances Control (DTSC) and Regional Water Quality Control Board (RWQCB)- 06.04.2021, http://geotracker.waterboards.ca.gov/?gid=T10000017167, Letter regarding EMP and other Environmental Concerns, Vallco's Response to EMP and Environmental Concerns Letter, Vallco Letter re: Environmental Review Protocol, City's Letter to Vallco re: Project Extension and Environmental Review Protocol, Corrected EMP (resent by VPO) - received 1.19.2021, Response to City Comments and Revisions to 3.5.2021 EMP, Response to City Comments and Revisions to 3.5.2021 and 3.11.2021 EMP (revised), Correspondence from staff to applicant 11.18.21, Email - Comments - Susan Mearns and DEH Response 1.17 and 26.2022.pdf, Conceptual Site Model Revisions 1.25.22.pdf, Correspondence and Response from DEH staff 3.25.2022, Site Management Plan and Site Assessment Report 3.28.22, 2022 Soil Gas Investigation Report 6.16.22, Attachment B - 90-day Determination Letter dated June 22, 2018, Attachment C - Standard Project Requirements and Project Implementation Requirements, City - Project Extension Application Request Letter, Vallco -Response Letter to City's Project Extension Application Request, Friends of Better Cupertino's (FBC) First Amended Petition (October 16, 2018), Vallco Property Owner LLC's (VPO) Motion for Judgment on Pleadings (February 13, 2019), FBC's Opposition to VPO's Motion for Judgment on the Pleadings (March 18, 2019), City of Cupertino's Notice Taking No Position on VPO's Motion for Judgment on the Pleadings (March 18, 2019), VPO's Reply in Support of Motion for Judgment on the Pleadings (March 22, 2019), Court's Order Denying VPO's Motion for Judgment on the Pleadings (April 4, 2019), City of Cupertino's Statement of Non-Opposition to FBC's Opening Brief (May 24, 2019), VPO's Opposition to FBC's Petition (May 24, 2019), VPOs Response to City of Cupertinos Statement of Non-Opposition (June 18, 2019), City of Cupertinos Reply to VPOs Response to the Citys Statement of Non-Opposition (July 1, 2019), VPO's Supplemental Brief Re: Amendment to SB 35 (August 9, 2019), FBC's Reply in Support of Petition for Peremptory Writ of Mandamus (August 23, 2019), VPO's Reply in Support of Supp Brief re: AB 101, Bay Area Council Amicus Brief In Support of VPO (Aug. 15, 2019), UA Local 393 Amicus Brief in Opposition to FBCs Petition (Aug. 23, 2019), VPO Surreply Brief In Opposition to FBCs Petition (Sept. 30, 2019), City of Cupertinos Response to Bay Area Councils and UA Local 393s Amicus Briefs (Oct. 4, 2019), Declaration of Ben Fu In Support of City of Cupertinos Response to Amicus Briefs (Oct. 4, 2019), FBCs Response to Amicus Briefs (Oct. 4, 2019), FBC Reply to Vallco Surreply (October 15, 2019), Declaration of FBC Attorney Stuart Flashman (October 15, 2019), RPI Vallco Objection to Flashman Declaration Request to Strike (October 24, 2019), RPI Vallco's Notice of Recent Authority (October 24, 2019), Order Vacating Submission and Resubmitting Cause (March 16, 2020), Court's Order Denying Petition for Writ of Mandate (May 6, 2020), Court's Order Re: Administrative Record and Scope of Briefing (May 6, 2020), Santa Clara County Superior Court Judgement (May 22, 2020), Updated Landscape Lighting and Signage Part 1 - 7-31, Updated Landscape Lighting and Signage Part 2 - 7-31, Updated Overall Topographic Survey - 7-31, Updated Existing Public and Private Easements and Boundaries - 7-31, Updated Architectural Plans Part 1 - 8-17, Updated Architectural Plans Part 2 - 8-17, Updated Architectural Plans Part 3 - 8-17, Updated Architectural Plans Part 4 - 8-17, Updated Landscape Lighting and Signage Plan - 8-17, Updated Demolition and Tree Removal Part 1 - 8-17, Updated Demolition and Tree Removal Part 2 - 8-17, Updated Architectural Plans (Material Board) Part 1 - 8-24, Updated Architectural Plans (Material Board) Part 2 - 8-24, Updated Architectural Plans (Material Board) Part 3 - 8-24, Updated Architectural Plans (Material Board) Part 4 - 8-24, Updated Landscape, Lighting and Signage Plans Part 1 - 8-24, Updated Landscape, Lighting and Signage Plans Part 2 - 8-24, Updated Demolition and Tree Removal Plans - 8-24, Updated Grading and Drainage Plans - 8-24, Permit Provision C.3. Lockehouse Real Estate Group and Newmark are handling the retail and Cushman & Wakefield is seeking office tenants. We hope that we will be able to start the next step, digging, soon," Peter Pau, principal and co-founder of Vallco redeveloper Sand Hill Property Company, said Tuesday during a Q&A with him and . Few tenants remain at . City's Letter to Vallco re: Project Extension and Environmental Review Protocol. The development team and funding is in place to move forward now, he wrote. - Today Vallco Property Owner, LLC ("VPO"), an affiliate of Sand Hill Property Company, the owner of Vallco Mall in Cupertino announced its new vision for Vallco Mall, the Vallco Town Center. The project comprises of 11 buildings, each between 7- 26 stories in height with a green roof connecting the buildings. 78 Sand Hill St, Marco Island, FL 34145 | Zillow Sand Hill responded with Measure D, which asked voters to approve the Hills at Vallco plan. Efi Luzon, a senior vice president at Intero Real Estate Services, Inc. and managing director of real estate brokerage The Luzon Team in Los Altos, represented the buyer in the transactions. Soil Characterization Report (SCR) and Environmental Site Management Plan (ESMP): These two documents were reviewed by the City beginning April 2019. The whole community will be able to take advantage of 429,000 square feet of retail, dining, and entertainment spaces arranged in districts that will form Cupertinos new downtown. The 1,800 sq. The EMP was under review but was not finalized since the soil remediation process is now being overseen by the Santa Clara County Department of Environmental Health. 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. 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. 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. Policies & Disclaimer. The revitalization of Vallco had been one of the citys highest priorities for more than two decades, Cupertinos Mayor once reflected. The plan would increase Cupertinos affordable housing stock fivefold, but the project also would include 1.8 million square feet of office space and 400,000 square feet of retail. Vallco -Response Letter to City's Project Extension Application Request, City Response to Vallco's Letter: Information about the current permits applied or issued for construction at the Vallco Town Center Special Area is available online atFAQs/Permit Activity Vallco Town Center, UPDATED! It also opened a housing interest list where people can make inquiries, get information on the projects unit mix and connect with a residential brokerage team. These are all available in the "The Rise - Modification Application" Section below. 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. Subsequent to the City's approval of the Vallco SB 35 project on September 21, 2018, certain technical corrections were made to two Standard Project Requirements. 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. There will be options for all income levels.. 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.. Silicon Valley megaproject gets new name, hires commercial listing brokers City Response to Vallco. The once-thriving iconic Vallco Shopping Mall, built in the 1970s, sits on prime property across the street from the 2.8-million-square-foot Apple headquarters and kitty-corner from Sand Hills 17-acre Main Street Cupertino mixed-use development, both of which are slated to open by 2016. Then we have a deficit. Texas Pension Fund Plans to Allocate $1.5B to Bridge Industrial to Podcast: Juan Bueno, Principal & U.S. President of Avison Young, Alameda County Eviction Moratorium Ends, But Not Lifted in All Cities, Charlie Munger Sees American Banks Exposed to Real Estate Loans. Paper plans are available at City Hall for review during business hours. 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. Sand Hill Propertys The Rise is a New Vision for 50-Acre Former Peninsula Mayors Forum & Industry Outlook, Northern California Life Sciences Webinar, STACK Infrastructures More than 500,000 SQFT Data Center Development Gains Approval from San Jose Planning Commission, Palo Alto Greenlights Sand Hill Property Companys 52,000 SQFT Mass Timber Office Building Proposal, The Sobrato Organization Proposes 432-Unit Multifamily Community in Menlo Park, Sol San Jose Owner Acquires $26.4MM Loan on 3.2-Acre San Jose Redevelopment Site Slated for Foreclosure Auction, 42,000 SQFT Industrial Asset in San Francisco Hits Market for $13.5MM, Dimension Properties 128,000 SQFT Prospect Center Listing in Rancho Cordova Drops to $27MM Asking Price, Nibbi Jumps into Modular Construction with Sango Court Project in Milpitas, Industrial Market Is Hitting Record Occupancy, But Industry May Be Stabilizing. The following information was received by the City on July 31, 2018 from the applicant, as afirst partialsubmittal, in response to the Citys 90-day letter requesting further clarification/ supplemental material in support of their SB 35 application. The Palo Alto developer expects to start excavation of a 33-acre chunk of the 50-acre site in the next few months and hopes to start pouring foundations by the end of this year, Managing Director Reed Moulds said in an interview. Additional amended plans for Modification Received: For the past 42 years we have been providing heavy construction services in Ventura, Santa Barbara, & Los Angeles Counties. The City has sent the following letter to the applicant. Its just the second proposal under the new law, which seeks to fast track affordable housing focused projects, following an application submitted for a 260-unit project at 1900 Fourth St. in Berkeley earlier this month. Former Vallco Mall Site Rises Up - Cupertino Today The firm has big plans for the 50 acre (20 . Tara Sreekrishnan, a former city legislative adviser and teacher who is running for Cupertino City Council, said shes happy to see more affordable housing proposed in her city but isnt thrilled to see it attached to 1.8 million square feet of new office space. We envision this being an exciting place to be day and night, Moulds said. The staff report, attachment and other materials are available online at the link below. There will be housing for the workforce, housing for families. These reports have not been finalized since the soil remediation process is now being overseen by the Santa Clara County Department of Environmental Health. The projects new name reflects its dramatic architecture that will rise naturally from the valley floor of the South Bay and become a real reference point in the landscape. Housing | On September 21, 2018, an approval letterwas issued for the Project. 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. View more property details, sales history and Zestimate data on Zillow. GeoTracker is the RWQCB's data management system forsitesthat require cleanup, such as Leaking Underground Storage Tank (LUST) Sites, Department of Defense Sites, and Cleanup Program Sites, and for various unregulated projects as well as permitted facilities including: Irrigated Lands, Oil and Gas production, operating Permitted USTs, and Land Disposal Sites. Start your day with the news you need from the Bay Area and beyond. The Rise is the name of a vast and ambitious neighborhood, rich with greenery and open space, that developers hope will replace the dead and demolished mall in the coming years. Macys, J.C. Penney and Sears will operate under a one-year lease-back agreement. On September 21, 2021, the City sent the following letter to Vallco regarding their response to a request for an extension pursuant to existing law at the time and other assertions. SCCDEH Oversight: The layout of the mall is a bit dated. The entire plan set is available upon request. On March 24, 2022, the City received documents and plans from the Vallco Property Owner LLC (VPO) for modifications to the project approved in September 2018. 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. MLS # 50272537 View more property details, sales history and Zestimate data on Zillow. With deep subject matter expertise, advanced technical resources, creative problem solving, and a commitment to excellence, we help our clients establish and implement operational sustainability programs that further their sustainability goals, reduce their environmental footprints, and increase their operational performance. The City issued the following documents: Approval Letter The council is expected to vote on the recommendation Nov. 18. Sand Hill Property Company | LinkedIn The developer spent nearly a year getting input from the community and in 2015 unveiled plans for the Hills at Vallco. Competition and the economy hindered the malls performance, industry experts said. 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. The main arrival ramp down will move resident, worker, and visitor cars quickly off arterial streets and into a central concierge and rideshare hub or a broader tech-enabled below-grade parking area. This once-in-a-generation development will be a new and spectacular source of pride for a city that already has a celebrated global renown, said Moulds. Impervious Surface Data Form, Vallco Town Center - Title Reports with Live Links, FAQs/Permit Activity Vallco Town Center. There will be housing for the workforce, housing for families. EXCLUSIVE: Sand Hill Property Completes Purchase of Entire Vallco Mall Vallco's Response to EMP and Environmental Concerns Letter, Staff report and Attachments The rolling shape of the green roof mimics the forms of the foothills surrounding Silicon Valley and provides privacy for residents of an adjacent neighborhood from the public uses planned for the new development.