$4B Vallco Mall Redev Approved by Cupertino
Sand Hill Property Co. received an approval from the city of Cupertino on its Vallco Mall specific plan and development agreement. The proposed $4-billion plan calls for a mixed-use residential, office and retail project on a 58-acre site that will replace the dying Vallco Shopping Mall.
Developers will be allowed to build up to 2,923 residential units along with up to 1.75 million square feet of office and office-related amenity space, as well as a minimum of 485,000 square feet of other types of commercial development, such as retail and civic spaces.
Redevelopment of the nearly-empty 1.2 million-square-foot mall has been years in the making. The Palo Alto-based developer used SB-35, a new state law designed to expedite residential projects, to force the city to either approve Sand Hill’s redevelopment plans or come up with something better by September 24.
For comments, questions or concerns, please contact Dennis Kaiser