SANTA CLARA — A vast village of offices, hotels, shops, restaurants, a movie complex, a food market, open spaces, and homes in Santa Clara will begin the early stages of construction near Levi’s Stadium this month, a project that could create tens of thousands of jobs in Silicon Valley, officials said Wednesday.
The 240-acre project, located near Tasman Drive and Lafayette Street, would dramatically reshape the northern section of Santa Clara and potentially bring 25,000 jobs to the region.
“This is going to create a wide range of jobs,” said Steve Eimer, executive vice president with Related Cos., the principal developer of the huge project, currently dubbed Related Santa Clara.
All told, the project will include 5.4 million square feet of offices, 700 hotel rooms, 1,680 residential units and 1 million square feet of retail, food, beverage, and entertainment spaces.
The development is expected to begin site preparation during May, and vertical construction should start sometime in 2020.
“We can provide something for everyone,” Santa Clara Mayor Lisa Gillmore said.
Newmark Knight Frank, a commercial real estate firm, will scout for tenants for the office portion of the project.
“Related’s Santa Clara development is a unique mixed-use destination, on a scale and scope never before seen in Silicon Valley,” said Phil Mahoney, executive vice chairman with Newmark Knight Frank.
Source:: The Mercury News – Business