{"id":1004703108,"date":"2024-02-22T04:14:48","date_gmt":"2024-02-22T12:14:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004703108"},"modified":"2024-02-22T06:06:55","modified_gmt":"2024-02-22T14:06:55","slug":"6-5-msf-project-in-the-bay-area-gets-city-nod","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/","title":{"rendered":"6.5 MSF Bay Area Project Gets City Nod"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a22c1640e3ca&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004703220\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/the-rise\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg\" data-orig-size=\"3553,2666\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Rise\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Rise will include nearly 2 million square feet of office space. Image courtesy of Sand Hill Property Co.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"200\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg?w=300\" alt=\"The Rise\" class=\"wp-image-1004703220\" style=\"width:400px\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The Rise will include nearly 2 million square feet of office space. <em>Image courtesy of Sand Hill Property Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Developer <strong>Sand Hill Property Co.<\/strong> has received city approval for The Rise, a 6.5 million-square-foot redevelopment of the former Vallco Mall in Cupertino, Calif. This version of the project comes following a substantial modification from the initial 2018 proposal, with new architect <strong>Kohn Pedersen Fox<\/strong> at the helm.<\/p>\n\n\n\n<p>The project calls for 24 buildings occupying 15 city blocks near Apple Park, and the commercial side includes nearly 2 million square feet of office along with 226,400 square feet of retail space. The office component is expected to occupy three blocks and will be designed with flexible floorplates to accommodate for potential R&amp;D and life sciences tenants. Most of the retail space will be distributed on ground floors designed for customer-serving tenants and small businesses rather than big-box shopping and entertainment.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/where-to-find-the-bright-side-of-office\/\">Where to Find the Bright Side of Office<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The residential component will span nearly 4.4 million square feet and encompass 2,669 units, of which 890 will be designated as affordable in compliance with city requirements, for low- and very low-income residents. This version of the project features an 11.1 percent increase in the number of units, reaching the maximum allowed under the State Density Bonus Law, along with an 11.7 percent reduction in overall square footage from the plan initially approved in 2018. Much of the decrease stems from cuts to the retail component, which originally spanned 485,900 square feet.<\/p>\n\n\n\n<p>The Rise is also slated to comprise more than 13 acres of open space, including recreational parks and pedestrian corridors, as well as two town squares. The parking count for the development totals 9,570 vehicle stalls, along with more than 3,000 bicycle spots. Plans call for several phases across multiple years, with the residential component being prioritized.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bay-area-development-keeps-up\">Bay Area development keeps up<\/h2>\n\n\n\n<p>Located at 10123 N. Wolfe Road, off Interstate 280, the site of The Rise is some 10 miles from downtown San Jose and 9 miles from the San Jose Mineta International Airport. The mixed-use project will also be within walking distance of the Kaiser Permanente Santa Clara Medical Center.<\/p>\n\n\n\n<p>The Bay Area\u2019s office pipeline totaled some 4.5 million square feet as of January, according to a <a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">recent CommercialEdge report<\/a>. In addition, San Francisco proper had some 6.6 million square feet of office under construction.<\/p>\n\n\n\n<p>One sizeable development underway in the Bay Area is Healthpeak Properties\u2019 Vantage, slated for 1.7 million square feet of life science space at full buildout. The project recently <a href=\"https:\/\/www.commercialsearch.com\/news\/healthpeak-to-add-1-3-msf-to-bay-area-life-science-campus\/\">received approval of entitlements<\/a> for its second and third phases. The developer completed the first phase in 2023, which is now 52 percent occupied by Japanese company Astellas Pharma.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The onetime site of a suburban shopping mall will be turned into a mixed-use development.<\/p>\n","protected":false},"author":3120,"featured_media":1004703220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21752,21742,36079,15],"tags":[33717],"class_list":["post-1004703108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-mixed-use","category-latest","category-san-jose","category-west","tag-kohn-pedersen-fox"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>6.5 MSF Bay Area Project Gets City Nod - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Sand Hill Property Co. received city approvals for The Rise, a 6.5 million-square-foot redevelopment of a former mall in Cupertino, Calif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6.5 MSF Bay Area Project Gets City Nod\" \/>\n<meta property=\"og:description\" content=\"Sand Hill Property Co. received city approvals for The Rise, a 6.5 million-square-foot redevelopment of a former mall in Cupertino, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T12:14:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-22T14:06:55+00:00\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/\",\"name\":\"6.5 MSF Bay Area Project Gets City Nod - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg\",\"datePublished\":\"2024-02-22T12:14:48+00:00\",\"dateModified\":\"2024-02-22T14:06:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"Sand Hill Property Co. received city approvals for The Rise, a 6.5 million-square-foot redevelopment of a former mall in Cupertino, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg\",\"width\":3553,\"height\":2666,\"caption\":\"The Rise will include nearly 2 million square feet of office space. Image courtesy of Sand Hill Property Co.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"6.5 MSF Bay Area Project Gets City Nod\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\",\"name\":\"Radu Corfus\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72\",\"caption\":\"Radu Corfus\"},\"description\":\"Radu Corfus is an Associate Editor at Multi-Housing News and Commercial Property Executive with a background in creative writing and copywriting. He joined the Yardi team in 2022. Before writing for CPE and MHN, Radu collaborated on story writing for animations while finishing his studies in Japanese and English language and literature.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/radu-corfus\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"6.5 MSF Bay Area Project Gets City Nod - Commercial Property Executive","description":"Sand Hill Property Co. received city approvals for The Rise, a 6.5 million-square-foot redevelopment of a former mall in Cupertino, Calif.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/","og_locale":"en_US","og_type":"article","og_title":"6.5 MSF Bay Area Project Gets City Nod","og_description":"Sand Hill Property Co. received city approvals for The Rise, a 6.5 million-square-foot redevelopment of a former mall in Cupertino, Calif.","og_url":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-02-22T12:14:48+00:00","article_modified_time":"2024-02-22T14:06:55+00:00","author":"Radu Corfus","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/","url":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/","name":"6.5 MSF Bay Area Project Gets City Nod - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg","datePublished":"2024-02-22T12:14:48+00:00","dateModified":"2024-02-22T14:06:55+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2"},"description":"Sand Hill Property Co. received city approvals for The Rise, a 6.5 million-square-foot redevelopment of a former mall in Cupertino, Calif.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg","width":3553,"height":2666,"caption":"The Rise will include nearly 2 million square feet of office space. Image courtesy of Sand Hill Property Co."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/6-5-msf-project-in-the-bay-area-gets-city-nod\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"6.5 MSF Bay Area Project Gets City Nod"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2","name":"Radu Corfus","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72","caption":"Radu Corfus"},"description":"Radu Corfus is an Associate Editor at Multi-Housing News and Commercial Property Executive with a background in creative writing and copywriting. He joined the Yardi team in 2022. Before writing for CPE and MHN, Radu collaborated on story writing for animations while finishing his studies in Japanese and English language and literature.","url":"https:\/\/www.commercialsearch.com\/news\/author\/radu-corfus\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/The-Rise-e1708589910886.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004703108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3120"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004703108"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004703108\/revisions"}],"predecessor-version":[{"id":1004703350,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004703108\/revisions\/1004703350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004703220"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004703108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004703108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004703108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}