Commercial Development
Stanford Plans 1.5 Million Square Feet Expansion in Redwood City
August 5, 2008
As Stanford finishes building its outpatient center in Redwood City this year, it is looking forward to adding additional density at the site. The clinic is scheduled to be completed in the coming 2-3 quarters and Stanford is already working on plans to expand the site beyond the outpatient clinic.
Stanford’s future plans for the site include an addition [...]
San Jose, Santa Clara Union School District Continue Negotiations on North San Jose Development Fees
August 4, 2008
The latest offer in the ongoing negotiations between the school district, the City of San Jose, and developers has Mayor Chuck Reed of San Jose offering to kick in $75 million in redevelopment funds towards building schools to support the planned developments. The $75 million is in addition to the $58 million developers have agreed [...]
Read More >>Classic Residences by Hyatt Proposed for Los Gatos Lodge Site
July 29, 2008
A local investor (Grant Sedgwick) has partnered with Hyatt to work to bring a Classic Residence senior housing project to Los Gatos. The project is located on the current Los Gatos Lodge site, which is located on Highway 9 (Los Gatos-Saratoga Road), just east of Highway 17.
The project is fairly massive, with initial plans including underground [...]
Possibly Brilliant Timing for Buyer of Oracle/Sobrato Tower; PWC Possibly on the Hunt
July 24, 2008
Rumor is that there is a Big Four firm on the troll to take down 150-200K SF of Class A office space in Downtown San Jose. The likely suspects consist of Deloitte, KPMG, PWC, and Ernst and Young. “Friends” inside E&Y indicate it is not them, KPMG is not a likely candidate, and Deloitte’s lease [...]
Read More >>Great America/Cedar Fair Asking $110M for Great America
July 20, 2008
Cedar Fair, the owner of Great America Theme Park is reportedly asking north of $110 Million for the park and the land lease it has with the city of Santa Clara for the 181 acre parcel the park sits on. The annual minimum rent for the land lease is $5.3M and runs through 2039. At [...]
Read More >>Construction Costs for Parking Stalls
July 8, 2008
In development, municipal codes and zoning generally dictate parking requirements. For most office projects, parking requirements are generally in the ratio of 3.3-4 spaces per 1,000 square feet. For most multi-family developments which have a mix of 1-3 br, ratios are generally in the 1.5-2 spaces or stalls per unit. Retail can vary greatly, as [...]
Read More >>Kuwait’s Al Hamra Tower - The World’s First Sculptured Skyscraper
June 17, 2008
Kuwait’s Al Hamra Tower is the world’s first (and tallest) “Sculputred” Skyscraper. It will soar about 412M (1350 Feet) up to make it Kuwait’s tallest tower. The project was designed by Skidmore, Owings, and Merrill, and is being constructed by Turner Construction. The building encompasses 77 stories at a cost of roughly $400M to build and [...]
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