"CUPERTINO - An odyssey to transform an old South Bay shopping center into a lively new neighborhood of homes, shops, restaurants, and offices is about to reach a key stage, with the project's first buildings set to sprout in 2026. The Rise, a mixed-use Cupertino village proposed at the site of the mostly demolished Vallco Shopping Mall, is slated to begin emerging from the ground next year, according to Sand Hill Property Co., the developer and principal owner of the project site."
"One key shift: The project, when complete, will have fewer affordable homes compared with earlier iterations of the development, according to Moulds, a managing director with Sand Hill Property. The Rise will also have less office space. Residents will be able to occupy the project's first homes starting in 2028, according to a new update for the development that Sand Hill Property has submitted to Cupertino city officials."
The Rise is a mixed-use village planned on a 52-acre site near the Interstate 280 and North Wolfe Road interchange in Cupertino, replacing the mostly demolished Vallco Shopping Mall. Sand Hill Property Co. is the developer and principal owner. Vertical construction is expected to begin in mid- to late 2026, starting with Town Square West, with initial homes available for occupancy in 2028. The full project still envisions 2,669 housing units overall, but the current plan reduces affordable housing to 356 units from a prior 890 and reduces office space, increasing market-rate rental and for-sale homes.
Read at The Mercury News
Unable to calculate read time
Collection
[
|
...
]