The site where Vallco Fashion Park used to sit may soon see new life as a mixed-use space, though not nearly at the same scope the developers were originally intending.
Sand Hill Property Company , the developer who owns the space, announced it is scaling back original plans for the 50-acre space due to rising costs, inflation + construction delays.
Let’s see where the project, dubbed “The Rise,” is at now.
Vallco Fashion Park in its hayday circa 1990.
Photo courtesy Wikimedia Commons .
Ch-ch-ch-changes
Sand Hill Property Company finished their purchase of the remaining Vallco retail space in 2014, and the mall officially closed its doors in 2018 — following the exodus of the remaining tenants. Plans for the space solidified as “The Rise ” in March of 2022.
Originally, one of the project’s signature features included a rooftop park, but has now changed to become a seven acre, street-level public park.
Retail space will be decreasing ~50% as well — from 429,000 sqft to 230,000 sqft — and will prioritize smaller retailers and restaurants.
Other changes to the plan involve the residential side of the mixed-use space. Instead of seven 240-ft residential towers, the new plan calls for three shorter towers along with 85-ft or shorter homes.
While the overall number of homes will increase by 10% (up to 2,669 total units), the number of those that will be affordable will be scaled back from ~1,200 to 890 units.
New plans for The Rise in Cupertino will scale back the original plans for retail space.
Photo courtesy @therisecalifornia
What’s next?
Cupertino City Council still needs to approve the new plans, and will take the next ~60 days to review, per state law .
Sand Hill says they still need to prepare the site for construction, which could begin in 2024. The full project will break ground in 2025.