Plans revealed for new downtown, 2,400 homes on former site of Vallco mall in Cupertino – CBS San Francisco

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CUPERTINO (KPIX 5) – Most of Vallco’s former 50-acre site in the heart of Cupertino has been cleared to bare land, ready for a brand new development plan after years of legal wrangling.

“Today we’re showcasing The Rise, which is a mixed-use, mixed-income project in the heart of Cupertino that will serve as the city’s new downtown,” said Reed Molds of Sand Hill Property Company, which is developing the property.

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Plans call for 429,000 square feet of retail, dining and entertainment space arranged in neighborhoods that developers hope will form the new downtown Cupertino.

The Rise will also include more than 2,400 homes, half of which will be below market price, satisfying Cupertino’s housing obligations to the state for the next eight years.

Artist’s impression of “The rise”, a development on the site of the former Vallco shopping center in Cupertino. (Sand Hill Realty Company)

“We are going to have housing for everyone. There will be housing for workers, housing for families. There will be affordable housing, there will be market-priced housing, there will be housing for sale, for rent here. And so we’re going to have a number of people who are looking for new housing options who can be here,” Molds told KPIX 5.

The project will also include 1.2 million square feet of office/laboratory space.

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There will be a 29-acre green roof – the largest in the world – and more than six miles of trails, bike paths and playgrounds.

“Do I like the tax base this represents? Absolutely,” Cupertino Mayor Darcy Paul said.

But Paul is concerned about the regional infrastructure needed to support such a project, with transportation topping the list.

“It’s 50 acres here and we’re putting 2,400 housing units. But the project itself needs more than 6,000 housing units to offset the impact. We then have a deficit. We have a regional deficit,” Paul told KPIX 5.

The project is expected to be built in phases over the next few years, with the first phase expected to include housing, retail and restaurants.

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Office and laboratory complexes will be built in the coming years, according to plans.

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