Santa Clara epicenter rising: The biggest thing since Santana Row
NBBJ
Montana/Lowe
Project name: Centennial Gateway
The player: Montana Property Group, headed by Hall of Famer Joe Montana, has brought in Lowe Enterprises, the national real estate developer and operator, which has hospitality and local experience.
Location: City-owned empty lot and existing parking garage at Tasman Drive and Centennial Boulevard, just north of the 49ers stadium.
Size: 9.5 acres
Potential deal: Ground lease
Product type and size: 7-story hotel (200 rooms), 11-story hotel (125 rooms), 150,000 sq. ft. retail/restaurant, 430,000 sq. ft. office. Phase 1 would include 200-room hotel and some restaurant/retail.
Designer: NBBJ
General contractor: Turner Construction Co.
Cost: $400 million (total project)
Pros: Home-run location adjacent to stadium; Joe Montana involvement gives project a high-profile pitchman.
Cons: Unclear how city will respond to additional office proposed in latest plans (original concept did not include office).
Completion: By Feb. 2016 (Super Bowl L).
Project name: Centennial Gateway
The player: Montana Property Group, headed by Hall of Famer Joe Montana, has brought in Lowe Enterprises, the national real estate developer and operator, which has hospitality and local experience.
Location: City-owned empty lot and existing parking garage at Tasman Drive and Centennial Boulevard, just north of the 49ers stadium.
Size: 9.5 acres
Potential deal: Ground lease
Product type and size: 7-story hotel (200 rooms), 11-story hotel (125 rooms), 150,000 sq. ft. retail/restaurant, 430,000 sq. ft. office. Phase 1 would include 200-room hotel and some restaurant/retail.
Designer: NBBJ
General contractor: Turner Construction Co.
Cost: $400 million (total project)
Pros: Home-run location adjacent to stadium; Joe Montana involvement gives project a high-profile pitchman.
Cons: Unclear how city will respond to additional office proposed in latest plans (original concept did not include office).
Completion: By Feb. 2016 (Super Bowl L).
- Nathan Donato-Weinstein
- Real Estate Reporter- Silicon Valley Business Journal
- Email | Twitter
Two projects adjacent to Levi’s Stadium, which is under construction in Santa Clara, would plop down 4.3 million square feet of commercial space — enough to fit roughly 30 Costcos. That doesn’t count the more than 500 hotel rooms on tap.
On Oct. 25, Related California and Montana Property Group/Lowe Enterprises (a partnership headlined by former 49ers quarterback Joe Montana) unveiled the first details of the projects they’re proposing for a massive chunk ...
Nathan Donato-Weinstein covers commercial real estate and transportation for the Silicon Valley Business Journal.
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