A new residential project has been proposed for development at 749 West El Camino Real, Santa Clara County. The project proposal includes the development of a new mixed-use complex comprising of a two-story building and a six-story mixed-use building with 299 multi-family residential units. Once approved, the project will replace the surface parking, restaurant, and Chase Bank on the site.
Greystar Real Estate Partners is the project applicant.
749 West El Camino Real facade close-up, illustration courtesy Greystar
Last year, the City of Mountain View published an official notice of preparation of the Draft Environmental Impact Report.
The scope of work includes the demolition of the existing 1,487 square-foot restaurant building, 18,302 square-foot bank building, and all associated surface parking and landscaping on-site. After demolition, the project aims to construct two new buildings on-site a two-story rising 41 feet tall, spanning 11,500 square foot bank, and a six-story building rising 75 feet to the top of the roof mixed-use building with 299 multi-family residential units.
Out of the total units, 33 of will be reserved for low- to very-low- income household. The project will also offer up to 13,465 square feet of ground-floor commercial space, and two levels of underground parking. The mixed use-building will contain one level of ground floor podium parking and two levels of underground parking.
749 West El Camino Real corner view from El Camino Real and Lane Avenue, illustration courtesy Greystar
The commercial space will be located adjacent to El Camino Real on the northern portion of the project site. The new bank is proposed to be located on the northwest corner of the project site and a public plaza is proposed on El Camino Real between the proposed bank building and mixed-use building’s ground-floor commercial uses.
749 West El Camino Real aerial view, illustration courtesy Greystar
The project will preserve the existing artwork pieces associated with the existing bank building and plaza and incorporate them into the project design. Implementation of the project will require the removal of existing trees, including Heritage Trees. The proposed project will plant replacement trees in conformance with the City requirements.
The estimated construction timeline has not been revealed yet.
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This is amazing..We need more density around castro st.
What will be the range in prices for low income people?
What will be the range in prices for low income people? What square footage for housing will be available?
It is about time. This should have been done 10 years ago, like the ones on the other side of Castro Street.
This can help make Downtown MV more of a competitor to Palo Alto.
I have used this building as my bank for 50 years…HOME SAVINGS OF AMERICA, WASHINGTON MUTUAL, and now CHASE. It will be a sad day for me to see this beautiful large building demolished. Where will Chase move to?
I currently use this Chase bank, as I also used it when it was Washington Mutual, and before that Home Savings of America, some 50 or so years ago. This large building is so unique, so sad to see it be demolished. Sign of the times…for more housing. I hope this boarded up property does not stay boarded up like other boarded up buildings in Mtn. View along El Camino Real…for years, or even decades. Like the old Ron’s Steakhouse, or whatever it was called. In the meantime, I do hope Chase bank relocates to another location in Mtn. View.
The existing building is actually quite notable. It’s very Wright-ian/Richardsonian. I understand that we don’t need banks anymore, but it’s sad to see it go for this unattractive, unimaginative dreck. But at the very least, can we salvage the Millard Sheets mosaic? I know we don’t like art anymore, so I don’t imagine that anyone really cares…..
I believe the article mentions that the artwork will be preserved.
“The project will preserve the existing artwork pieces associated with the existing bank building and plaza and incorporate them into the project design.”
After decades of intense development, Mountain View is now the most expensive place to live on the peninsula. This is because density raises land values and subsequently rents. Keep up the bad work YIMBY!
It’s all a huge giveaway to Big Development, Peter Thiel style.
Another great future reason to turn half of el Camino into a light rail or street car with a looooong park!
Marc Berman I’m looking at you! Get it done!
Light rail on ECR would be amazing….