Master-Planned Sunnyvale Project Adds Five Tenants

STC Venture's 36-acre CityLine Sunnyvale project has added five retail tenants as it nears the completion of Phase 1.

Hunter Storm Sares Regis Group
Photo credit: Courtesy of SGPA
A Rendering Of Cityline's Ground-Floor Retail

The mixed-use project, which is led by a joint venture of developers Hunter Storm and Sares Regis Group of Northern California, has signed Pacific Catch, Urban Plates, AT&T, Namaste Nail Salon and Salon Republic to a combined 32K SF, according to Hunter Properties Director of Development Joshua Rupert.

Originally proposed last decade, CityLine Sunnyvale faced immediate challenges. After the original joint venture of Sand Hill Property Co. and RREEF defaulted on their loan in 2009, Wells Fargo seized the property, eventually selling to STC Venture in 2016 for $100M, the Silicon Valley Business Journal reports.

As of now, the new partnership has opened the three-building, 198-unit complex called The Flats and will begin construction on another 75-unit portion of the community next month.

In addition, STC Venture will finish a two-story building leased by AMC Theatres and Whole Foods at Murphy and McKinley avenues next year, and will continue filling the 100K SF of retail in Phase 1, Rupert said. The team said it likes the diversity brought by the newest batch of retail tenants.

"They all add something different, and ultimately are all very complimentary of what we envision for downtown Sunnyvale in the future," Rupert said.

James Chung, Nicole Lyon and Marisa Organo of Cushman & Wakefield lead the marketing of the project's retail space.

The Flats at CityLine Sunnyvale
Photo credit: Courtesy of Sares Regis Group of Northern California
The Flats at CityLine Sunnyvale

Currently in entitlements, Phase 2 of CityLine Sunnyvale calls for 792 residential units, 168K SF of retail and 650K SF of office. The city of Sunnyvale is currently drafting a new Phase 2 Specific Plan, which will be followed by an environmental impact report.

Because it is in Silicon Valley, CityLine Sunnyvale's office space will most likely draw interest from tech tenants, Rupert said.

"You obviously want to develop an office space that potentially a tech tenant would be interested in," he said. "So we're designing the project with that in mind, but we also want flexibility."

CityLine isn't the only large-scale project in the region that Cupertino-based Hunter Properties is involved in. Straddling the border between San Jose and Santa Clara, the developer has approvals for both Gateway Crossings, a 1,565-home project, and the Coleman Highline, a 1.75M SF office project across the street.

At Coleman Highline, Hunter Storm has already leased 644K SF to Verizon Media and 730K SF to Roku Inc.

"Obviously we are leasing up Coleman Highline, so we have experience in the design and development of office buildings," Rupert said.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Jose Newsletters
Related Stories

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Forget Buildings, Retailers Are Leasing Environments

Immigration Crackdowns Dealt LA Businesses A Multimillion‑Dollar Blow

Mamdani Adds Millions To Program Helping Retailers Negotiate With Landlords

How JLL Uses Experiences To Give Retail Customers 'A Reason To Be There'

Culver Commons To Bring New Dining, Retail Options To Bustling Suburban Los Angeles Location

Sony Reopening Hollywood ArcLight, Cinerama Dome Theaters

Prime Residential Acquires Castro District Multifamily: The Bay Area Deal Sheet

Cracker Barrel Closes Sale-Leaseback On 26 Stores, Sells 35 Maple Street Biscuit Restaurants

Icahn To Retain Real Estate In $700M Sale Of Pep Boys

Houston's Competitive Retail Market Brings Quick Backfills, In Most Cases

Verizon To Sell 274 Retail Locations, Lay Off 500 Office Workers