On June 21, 2022, the City reissued the Standard Requirements that would apply to the Rise (formerly Vallco Town Center) SB 35 development with two minor technical corrections to Requirement no. She started her journalism career reporting on crime and breaking news for The News-Press in Southwest Florida. Today is an important moment for those who have shared in Vallcos journey to be able at last to visualize the experience we have created together with The Rise, said Reed Moulds, managing director for Sand Hill Property Company. The first phase will include around 800 housing units, most of the. As of January 2020, the mall is owned by Sand Hill Property Co. and is almost entirely vacant, with Cupertino Ice Center (formerly the Ice Capades Chalet . The firm has big plans for the 50 acre (20 . Travel retailer opens store in San Joses Santana Row The Sand Hill Property Company, which oversees the mixed-use Cupertino site, announced the new name on Thursday when it launched the propertys new website, TheRiseCalifornia.com. While the applicant sent the City an entire plan set, only six sheets were amended. (Sand Hill Property Company) "We're going to have housing for all. Attachment C - Standard Requirements and Project Implementation Requirements. The Hills at Vallco | Architect Magazine Approved plans for the project may be viewed here:Approved plans. Ultimately, project proponents were able to navigate past an array of legal and procedural roadblocks, although a fresh challenge has arisen. The Rise, Sand Hill Property Company's bold vision, is coming to life in Cupertino. Crowned by an astonishing 29-acre green roof - the largest in the world - and over six miles of trails and bike paths, The Rise seamlessly bonds residents and visitors with nature while forming an. That plan called for 2.4 million square feet of office space, 640,000 square feet of retail and just 800 housing units 10 percent of which would have been affordable. Developer tries to fast-track housing at Vallco Mall under new state Sand Hill re-started its work on Vallco in October,and city officials agreed to analyze Cupertinos general plan and come up with some alternatives for the site. Today is an important moment for those who have shared in Vallcos journey to be able at last to visualize the experience we have created together with The Rise, said Reed Moulds, managing director for Sand Hill Property Company. Texas Pension Fund Plans to Allocate $1.5B to Bridge Industrial to Podcast: Juan Bueno, Principal & U.S. President of Avison Young, Alameda County Eviction Moratorium Ends, But Not Lifted in All Cities, Charlie Munger Sees American Banks Exposed to Real Estate Loans. Single-family house sells for $1.7 million in Fremont, Single family residence sells for $3.3 million in Palo Alto, San Jose hotel project site is seized through foreclosure, Big changes starting today in how mortgage fees are calculated, They said it: Nowhere for the water to go, Total dominance: Steph Curry breaks NBA Game 7 record, leads Warriors over Kings. Housing | Policies & Disclaimer. On September 1, 2021, the City received the following letter as Technical Assistance upon issuance of the City's letter regarding Project Extension to the Developer. The City issued the following documents: Approval Letter Vallco Redevelopment Battle In Cupertino Highlights Barriers To Marisa Kendall is a housing reporter for the Bay Area News Group who covers homelessness for The Mercury News and East Bay Times. Sand Hill Property Company has introduced The Rise (formerly Vallco), the visionary approved mixed-use plan in Cupertino. Competition and the economy hindered the malls performance, industry experts said. Its time to turn [Vallco] into something we can be proud of, he said. The Rise will evoke the sense of positivity and vitality that Cupertinos new downtown neighborhood will inspire in those who live, work, or visit here as a place where spirits and prospects will rise. HCD Technical Assistance Letter The Palo Alto developer expects to start excavation of a 33-acre chunk of the 50-acre site in the next few months and hopes to start pouring foundations by the end of this year, Managing Director Reed Moulds said in an interview. The Rise is born from the global capital of innovation Silicon Valley has changed the way the world lives, and The Rise aspires to fundamentally change how Silicon Valley lives. This housing crisis needs to be resolved in a manner that actually provides near-term solutions, and sites like this have an opportunity to do a lot of good for the housing situation..