New documents indicate that Milrose Properties, acting through an affiliate, has reached a deal on a major development site in Sunnyvale. The former Orchard Supply Hardware at 777 Sunnyvale Saratoga Road is already approved for redevelopment as more than two hundred units of housing. Now, developers are moving forward with a $44.3 million investment in its acquisition.
The UC investment arm acted through affiliates to purchase a large hotel in Downtown Berkeley. The purchase appears to be an financial investment by the University of California and not a specific expansion of the UC Berkeley Campus. As such, there are no immediate plans for conversation of the building’s use or layout.
Earlier this week, the Summer Oaks Development at 175 West Verano Avenue in Sonoma marked a major milestone in the building’s construction. The project’s partners, including representatives from Mid-Pen Housing, gathered to celebrate the initial framing of the affordable multi-unit building.
The new Parkline Project is a planned multi-use development located at 333 Ravenswood Avenue in Menlo Park. The project is a redevelopment of the existing SRI International campus, a research non-profit affiliated with Stanford University. The project will expand upon the existing 287,000 square feet of space, bringing the site total to approximately 925,000 square feet of offices, 75,000 square feet of retail/amenity space, and up to 800 new residential units.
A formal building worksheet has been submitted for a proposed development at the former site of the historic “Trader Vic’s” in North Oakland. Once redeveloped, the 6500 San Pablo Avenue property is to become a 5-Story mixed use building, with 10 residential units spread across the upper 4 stories, and a ground floor commercial space.
