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Developer trying to use new law to fast track conversion of old Vallco Mall in Cupertino into housing

By Patrick following x   2018 Apr 3, 3:13pm 335 views   2 comments   watch   sfw   quote     share    


http://www.cupertino.org/our-city/departments/community-development/planning/major-projects/vallco-sb-35-application/-selectview-1

Sand Hill Property Company filed an application with the City of Cupertino on March 27, 2018 entitled "Vallco Town Center Project Application pursuant to SB 35." The California Legislature passed new housing legislation, known as SB 35 and signed by Governor Brown on September 29, 2017, that changes some aspects of local review. The law authorizes a property owner to submit an application for a housing development that is not subject to a conditional-use permit and is permitted a streamlined ministerial approval process, so long as the development satisfies specified planning objective standards.

Sand Hill Property Company's proposal includes approximately 1.8 million square feet of office space, 400,000 square feet of retail, and 2,402 units of housing. Fifty percent of the housing units are proposed to be affordable. A new AMC theatre, bowling alley, and ice rink are also included in the plan. The City of Cupertino is committed to a review that is compliant with state housing law.


An additional 2,402 units of housing sounds like an excellent idea.

1   crazydesi   ignore (0)   2018 Apr 3, 3:22pm   ↑ like (0)   ↓ dislike (0)   quote        

2,402 units -- go for it.
2   APOCALYPSEFUCKisShostikovitch   ignore (30)   2018 Apr 3, 3:23pm   ↑ like (1)   ↓ dislike (0)   quote        

2400 studio hutches that will go on the market at $1.5 million a pop with no parking, each of which will be flipped at twice the price within an hour of initial sale, exactly as the Founding Fathers intended. Realtors will complain the oppressions of taxes and bank regulation are suppressing the true value the properties would enjoy on a FREE! market.
3   joe154   ignore (0)   2018 Apr 6, 4:01pm   ↑ like (1)   ↓ dislike (0)   quote        

I am sitting to the immediate right of the edge of this picture as I type. Everything immediately above and to the right of this picture is Apple (Apple Park is just above the top). One can see an Apple building at Vallco Parkway 2 in the frame. One mile off the picture to the left side is Infinite Loop - the original Apple Campus. Apple. Apple. Apple. There won't be any affordable housing in those units.




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