Todays announcement includes an update on the progress of the visionary 7 million square foot development, designed with years of community input to provide an iconic, forward-thinking town center at the heart of the city renowned for design and technology and as the home of Apple. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. A Silicon Valley Company Fostering Community Through Design. The information provided here is for convenience and is asmallnumber of the documents posted on the GeoTracker website. 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. Vallco's Response to EMP and Environmental Concerns Letter, Staff report and Attachments View more property details, sales history and Zestimate data on Zillow. Sand Hill's current Vallco project is allowed under a state law known as SB35, which requires cities to approve housing developments as long as they include enough affordable homes and meet. 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. City Response to HCD's Technical Assistance Letter: Staff Report September 7, 2021 City Council Sand Hill Property Company bought Vallco in 2014. 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. The information provided here is for convenience and is asmallnumber of the documents posted on the GeoTracker website. Paper plans are available at City Hall for review during business hours. Both measures lost in the November 2016 election. Sign up!! But Moulds says the re-started process has been fraught with delays and politics similar to what derailed the Hills project. To be put in touch with our office and retail leasing teams, or to be added to our housing interest list, visit www.TheRiseCalifornia.com. 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. The new symbol of the California dream. On September 17, 2021, Vallco sent a letter to the City regarding their views on the City's role in the Environmental Review Protocol with Santa Clara County Department of Environmental Health. Big changes starting today in how mortgage fees are calculated The project will be built in phases over several years, according to Sand Hill. Still, plenty of work will be required before the project can reach a visible construction phase, Cupertino Mayor Darcy Paul noted. There will be housing for the workforce, housing for families. These are available in the "The Rise - Modification Application" section below. MLS # 50272537 Our City Departments Community Development Planning Major Projects Vallco. Details are below in the "The Rise - Modification Application" tab. All rights reserved. Sand Hill Property Company to provide retail and mixed-use development consulting expertise in a . (Sand Hill Property Company) "We're going to have housing for all. People will have a full suite of housing options, including market-rate and affordable, Moulds said. Lockehouse Real Estate Group and Newmark are handling the retail and Cushman & Wakefield is seeking office tenants. The first phase will include around 800 housing units, most of the. ft. home is a 3 bed, 2.0 bath property. "We are introducing today The Rise, which is a mixed-use, mixed-income project in the heart of Cupertino that is going to serve as the city's the new town center," said Reed Moulds of Sand Hill Property Company, which is developing the property. 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. 4(f) and 8. State Density Bonus law allowed the developer certain incentives related to the type (only one-bedroom and studio units) of affordable units provided, size (smaller one-bedroom and studio units than market rate one-bedroom and studio units) of affordable units provided, and the amount of retail space (less than required) the project provides. First Name This section provides information on the review that has occurred which led to the Soil Remediation Agreement (posted in the "What's new?" 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. The project's 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. The council is expected to vote on the recommendation Nov. 18. Get Morning Report and other email newsletters. 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. 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. Upon securing the property, Sand Hill Property Company initiated a design competition among leading architects and designers, ultimately selecting Rafael Vinoly Architects of New York and the OLIN Partnership Landscape Architects of Philadelphia to reconceive the site as a dynamic, walkable, bikeable, connected neighborhood with a variety of entertainment, dining, and retail experiences and a strong emphasis on family. 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. The following is a list of the documents provided to the City and reviewed by the City in chronological order: GeoTracker link: The Sand Hill affiliate, Vallco Property Owner LLC, bought the malls interior shopping space and anchors Sears, J.C. Penney and Macys for approximately $320 million, according to a source with direct knowledge of the transaction. 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. Get browser notifications for breaking news, live events, and exclusive reporting. You may also sign up for email alerts from GeoTracker by clicking -GeoTracker Email Alerts. 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. The property will not just be for its residents and office workers. Cupertino: Vallco developer invokes SB 35, says it will build 2,400 homes A new website launched today unveils The Rise (www.TheRiseCalifornia.com), paying homage to Californias spirit of possibility, history of innovation and breathtaking natural beauty. The project comprises of 11 buildings, each between 7- 26 stories in height with a green roof connecting the buildings. Tentative Map (subdivision) materials are availablehere. There's going to be affordable housing, there's going to be. 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! The 1,800 sq. New Renderings for The Rise, a Multi-Billion - San Francisco YIMBY The Rise represents an innovative vision that boldly seeks to meet the needs of the region and community. In place of the existing 1.2-million-square-foot mall, Sand Hill Property Company and its design team will build public parks and plazas; educational, retail, office, and entertainment space; and up to 800 residential units. 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. "Do I like the tax base that this represents? Its time to turn [Vallco] into something we can be proud of, he said. Vallco SB 35 Streamlining Letter. A judge dismissed that suit in 2020, allowing the project to move forward. Pau told council members that Sand Hills Vallco project could take five to seven years to complete. The Hills at Vallco | Architect Magazine This housing crisis needs to be resolved in a manner that actually provides near-term solutions, and sites like this have an opportunity to do a lot of good for the housing situation.. 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. The Risewill evoke the sense of positivity and vitality that Cupertino's new downtown neighborhood will inspire in those who live, work, or visit here as a place where spirits and prospects will rise. Housing | SB 35 changed the local review process for certain development projects by establishing a streamlined, ministerial review and approval process if they meet objective planning standards. Developer tries to fast-track housing at Vallco, 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), First Republic Bank seized, sold to JPMorgan Chase, Developer tries to fast-track housing at Vallco Mall under new state law. Sand Hill Property Company is a real estate investment and development firm headquartered in Silicon Valley with more than four decades of experience creating Bay Area communities that improve the way we work, live and connect. 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. These reports have not been finalized since the soil remediation process is now being overseen by the Santa Clara County Department of Environmental Health. Its like I flew an elephant through a nut hole, Luzon said when asked about assembling the intricate deal. Sand Hill Property hopes that the name of the development will reflect the innovation culture of Silicon Valley. 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. Approved plans for the project may be viewed here:Approved plans. The City has sent the following letter (and attachments) to the applicant on September 21, 2018. The affordable units will have a different mix than prior versions of the project, Moulds said. In 2023, Sand Hill aims to push ahead with the vertical elements of the huge new neighborhood. The Rise embraces the natural environment, Cupertino's cultural and socioeconomic diversity and the city's residents' strong desire for a local gathering place to come together as one community. The project is planned to be built out in phases over the next several years with the first phase to include the housing, retail, and restaurants. With the close proximity of retail outlets such as Westfield Valley Fair mall in Santa Clara, Stanford Shopping Center in Palo Alto and the Sunnyvale Town Center mall its been hard for that location to be a regional pull on its own, said Tom Nelson, a vice president of retail properties at real estate brokerage Colliers International in San Jose. We have been concerned about the soil contamination cleanup. Attachment C - Standard Requirements and Project Implementation Requirements. As a result of the analysis, the owner and design team agreed to pursue LEED Platinum certification for the buildings and implement landscape best practices drawing from Sustainable SITES for the dramatic green roof. The firm has big plans for the 50 acre (20 . All Rights Reserved. Letter regarding EMP and other Environmental Concerns, Vallco's Response to City's Letter: On September 14, 2021, the City received a letter from the Developer in response to the City's August 28letter 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. 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 projects approval, as well as feedback from a series of surveys conducted over the past six months. The link to the Vallco site on the GeoTracker is:http://geotracker.waterboards.ca.gov/?gid=T10000017167. 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. First published on March 25, 2022 / 6:00 PM. Harriette Cole: My friend's mom didn't recognize me at my job, and she was very rude, Ask Amy: I put a security camera in my room, and what I saw was creepy, Ask Amy: My fiancee's family says I'm not invited, and she's going without me, 'Total dominance': Steph Curry breaks NBA Game 7 record, leads Warriors over Kings, The dad whose wife and child were among 5 killed by a neighbor in Texas describes how the massacre unfolded, Dear Abby: The reason her fiance hid his phone was something she never guessed, Mortgage fees to rise for buyers with high credit scores, fall for those with lower scores, Kurtenbach: Game 7 is likely not win-or-go-home for the Warriors it's win-or-break-up, Do Not Sell/Share My Personal Information. Vallco Shopping Mallpurchased it in 2009 for $64 million, the source added. 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.