Jun
30
Related Seals Deal for $6.5B Cali Project
ByThe Santa Clara City Council has given the green light for the development of the largest private project in Silicon Valley’s history.
Rendering of Related’s future Santa Clara project
San Francisco—A $6.5 billion, 9.7 million-square-foot mixed-use development proposed by Related Cos.—the largest private project in California’s Silicon Valley history—has received unanimous approval from theSanta Clara City Council after three years of planning.
The megaproject is expected to earn LEED certification and be constructed in multiple phases spaced out over 30 years, with some of the later phases—including office campuses—built to market demands. The overall project calls for as much as 5.7 million square feet of office space, 1.1 million square feet of retail, 700 hotel rooms and up to 1,360 residential units. Plans also call for about 250,000 square feet of food and beverage offerings, 190,000 square feet of entertainment space and a 35-acre park. The 240-acre site, now the home of a city-owned golf course and BMX track, is adjacent to Levi’s Stadium, the home of the San Francisco 49ers. The Santa Clara Convention Center and Great America amusement park are also nearby…
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