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Santa Clara MXU Project Gears Up for Approvals Process
After several years of soliciting community input, Kylli’s 48.6-acre Mission Point mixed-use development in Santa Clara is approaching a major approvals milestone, reported the Silicon Valley Business Journal. The site, which had been approved for Yahoo’s campus more than a decade ago, would need to be rezoned from light industrial use but could have a hearing before the planning commission as early as next month.
Yahoo scrapped its plans for a 13-building office campus on the site and sold it to LeEco, a Chinese tech company that also fell into financial disarray. Kylli, a U.S. subsidiary of Chinese real estate firm Genzon, acquired the property from LeEco in 2017.
The latest redevelopment plans submitted at the end of 2023 now include a mix of high- and low-rise buildings with 1.8 million square feet for residential use, 100,000 square feet of retail and 10,000 square feet for a childcare facility. The largest structure is 19 stories or 192 feet tall, dimensions that were scaled back upon receiving input from community stakeholders.
An earlier plan called for towers as tall as 600 feet. “We came to realize it wasn’t a fit for that neighborhood,” Jennifer Johnson, co-founder and principal of Canyon Snow Consulting, told the Business Journal.
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