SUNNYVALE, Calif. — Sunnyvale officials are cautiously optimistic following a series of communications with Fourth Quarter Properties, the developer responsible for the redevelopment of the former Sunnyvale Town Center mall site in downtown Sunnyvale.
The City received a formal response from the developer to the City’s breach-of-contract notice sent earlier this year. That response, along with subsequent contacts between the City and the developer, have resulted in the developer stating they will drop their request to deviate from the original plans by adding a hotel and 200 additional housing units. The developer has said they intend to complete the project with essentially the same mix of uses as called for in the original development agreement: 292 housing units, a quarter-million square feet of commercial office space and about 1 million square feet of retail space, which includes the existing Target and Macy’s stores.
Sunnyvale City Council met in closed session Tuesday evening (July 25) to review the developer’s response.
“It appears Fourth Quarter Properties will work to get this redevelopment project completed,” said Sunnyvale Mayor Ron Swegles. “We still need to have further discussions with the developer to receive their new construction schedule and to establish consequences if the schedule isn’t met. The fact they have indicated a willingness to build according to the original development agreement makes us cautiously optimistic the project will be completed, to the great benefit of all of us who live or work in Sunnyvale.”
Council is expected to receive a presentation by the developer within the next few weeks to explain proposed minor enhancements to the project, a revised construction schedule and other issues related to restarting the project.
As more information becomes available, it will be posted on the City’s Web site at www.sunnyvale.ca.gov .