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California  + Bay Area  + Apartments  | 

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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