Friday, April 5, 2013

Huge new downtown across from new 49ers stadium proposed

49ers stadium neighbor? Massive entertainment district floated for Santa Clara



Courtesy
This map shows the area where the city of Santa Clara could enter into an exclusive negotiating agreement with the Related Cos. to develop a 230-acre "entertainment district" across the street from the 49ers Stadium. The land between the stadium and the current golf course is being eyed for a hotel development by 49ers legend Joe Montana.
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Silicon Valley Business Journal
Santa Clara could get a new downtown-style entertainment district right across the street from the under-construction San Francisco 49ers Stadium.
Hotels, restaurants, retail and residential are all on the table for a 230-acre former landfill that is currently a city-owned golf course.
The City Council on April 9 will consider entering into an exclusive negotiating agreement with The Related Cos., a major global commercial and residential developer, to explore development possibilities at the site.
Mayor Jamie Matthews said the project could be a turning point for the city.
"Santana Row is approximately 45 acres. This, we're looking at 230 acres," said Matthews. "We have a beautiful clear slate for the Related folks to dream, and we want to dream with them."
The huge swath of land is located near the intersection of Tasman Drive and Lafayette Street, and bumps up against property Niners legend Joe Montana is also eyeing for a hotel complex. Montana's development group has yet to submit formal plans to the city, but the Related deal would require both parties to "coordinate site planning efforts," according to a city staff report.
"It could be anything, just given the location," said Lydia Tan, Related's director of Northern California Operations. "There's a large palette to work from."
Approval by the City Council would give Related five months to analyze the site's potential uses. If the city ends up moving forward, it would ground lease the site to Related.
City officials and developers did not disclose how many square feet of commercial space could be built. But the sheer size of the land is fairly unprecedented in built-out Silicon Valley. It could also provide significant tax revenue for the city while giving Related first dibs on a highly desirable site.

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