Whole Foods has signed a 52,000-square-foot lease in downtown Sunnyvale that would make it an anchor tenant in the 36-acre development formerly known as the Sunnyvale Town Center. STC Ventures announced the deal Thursday. The joint venture is made up of affiliates from Hunter Storm, Sares Regis Group of Northern California and other institutional investors Read More
SUNNYVALE — Whole Foods will anchor an emerging retail and residential complex that is also bringing a multi-screen cinema to downtown Sunnyvale, developers said Thursday. The healthy foods grocery chain has leased 52,000 square feet in a long-stalled development that for years has been known as Sunnyvale Town Center. The developer of the site is Read More
After years of legal battles and maneuvers, there is finally visible progress in Sunnyvale at its long-troubled Sunnyvale Town Center development site. STC Venture, a joint venture of Hunter Storm, Sares Regis Group of Northern California and investors advised by JP Morgan Asset Management, moved to kick off the work on redeveloping the site just Read More
A new chapter for Sunnyvale Town Center began Oct. 19 with a bit of destruction. The property’s new owners were on hand along with city officials to witness construction machinery tear down part of an incomplete, derelict structure that has loomed over the site as a symbol of stalled construction. Hearing the sickening crunch of Read More
Excavators are back at Sunnyvale Town Center and the long-stalled project is well underway. STC Venture, a JV of Hunter Storm and Sares Regis Group, and the City of Sunnyvale celebrated the start of redevelopment last week. Sunnyvale City Council, above, including council member Larry Klein, Vice Mayor Gustav Larsson, Mayor Glenn Hendricks, council member Jim Read More
Sunnyvale, Calif. — STC Ventures has purchased Sunnyvale Town Center, a 36-acre unfinished mixed-use project located in Sunnyvale, roughly five miles outside Santa Clara. STC is a joint venture between affiliates of Hunter Storm, Sares Regis Group of Northern California and institutional investors advised by J.P. Morgan Asset Management. Wells Fargo sold the property for Read More
After nearly a year in escrow, a joint venture of Hunter Storm, Sares Regis Group of Northern California and others has closed on the long-dormant Sunnyvale Town Center. The group bought the property from Wells Fargo for $100 million, according to county records. The sale was for almost the entire half-finished 36-acre Town Center property, Read More
Big steps have been taken toward seeing that the Sunnyvale Town Center is at long last completed. On June 30, the Successor Agency for the former Redevelopment Agency of the city of Sunnyvale, adopted the 2016 Modified and Restated Amended Disposition and Development and Owner Participation Agreement for the Sunnyvale Town Center. The agreement defines Read More
After a lively discussion in the Sunnyvale City Council chambers, the city’s elders voted to acknowledge that the proposed development team comprised of J.P. Morgan, Sares Regis and Hunter Properties has met criteria outlined by the council related to development experience and financial capacity to acquire the troubled development. This decision effectively gives the Sunnyvale Read More
BAE Systems will move hundreds of workers to South San Jose after signing one of the largest leases there in years. The London-based international defense contractor has leased 161,718 square feet at 6331 and 6311 San Ignacio Ave., Megan Mitchell, a BAE communications official, told me on Monday. The bulk of the workers will move Read More