Thursday, August 15, 2013

Vidovich closes on Butchers Corner

Aug 15, 2013, 5:48am PDT Updated: Aug 15, 2013, 11:31am PDT

Vidovich closes on Butcher's Corner, Sunnyvale's last orchard


Real Estate Reporter- Silicon Valley Business Journal
Email | Twitter
Butcher's Corner, Sunnyvale's last remaining working orchard, has been sold to a well-known local developer.
Sunnyvale-based De Anza Properties closed on the 5.23-acre site this week, and principal John Vidovich told me plans are underway to develop a high-end, mixed-use development on the property.
"This is our home base, and we want to build something that will be beneficial to the city and be part of our legacy," Vidovich said in an interview. "We want it to to be a legacy project -- not something just to make money, but that improves the entire area."
Extant Orchard sites are rare in today's Silicon Valley, which was once known as the Valley of the Heart's Delight for the fruit that grew here.
The property has been in the Butcher family for decades and remained mostly agricultural -- save for a small dentist office at its very tip -- as Sunnyvale's orchards turned into a thriving suburban community all around it. It is located at the confluence of El Camino Real, East Fremont Avenue and South Wolfe Road, and still supports a small plum grove and honey bees.
Under preliminary plans Vidovich has submitted to the city, the site would be transformed to include 196 residential units and 45,000 square feet of commercial space, though the exact contours of the project could change.
The housing would be for-sale, and dense: Vidovich is eyeing "type 1," or steel-and-concrete construction, which is the construction type of choice for taller projects. Vidovich said it's still unclear just how high the residential could go.
"It's a landmark site, and I think it's going to help identify Sunnyvale," he said.
  • Page 1
  • 2
  • 3
|View All
Nathan Donato-Weinstein covers commercial real estate and transportation for the Silicon Valley Business Journal.

1 comment:

  1. Same day cash loans no credit check is considered to be an easiest way for the applicant having stained credit ratings for availing the funds .individual for availing the funds through this are not require to go through any process of credit verification.
    12 month payday loans
    payday loans installments
    500 Pound Loans

    ReplyDelete