MOUNTAIN VIEW, CA-SRGNC CRES LLC, a division of Sares Regis Group of Northern California is expected to present conceptual designs for a new 1-million-square-foot office campus today to the Mountain View City Council. The existing four-building campus on East Middlefield Road, off Highway 37, totals 380,000 square feet of office space on 24 acres. The campus is fully leased to Synopsys through 2015.
GlobeSt.com first reported on the newly proposed four-building campus in May. The campus will be between six and eight stories in height, organized along the perimeter roads. SRGNC will be working closely with city staff to develop a comprehensive transportation demand management plan, which will provide specific strategies for offsetting the impact to traffic. The additional density and height of the site allows for significantly more open space, a minimum of LEED Gold certification and other project amenities that will make this office campus an exceptional place to work.
SRGNC has been working to reposition and entitle the class A campus on behalf of Deutsche Asset & Wealth Management (formerly RREEF Real Estate) since 2011. Leasing brokers Phil Mahoney and Jack Troedson of Cornish and Carey‘s Palo Alto office are also working on the project in coordination with Deutsche Asset & Wealth Management‘s real estate investment team and SRGNC.
“We are excited to move forward on this project, and to share the conceptual site plans and architectural designs with the city council,” says Jeff Birdwell, president of commercial development at Sares Regis Group of Northern California. “We are working on ways to best incorporate the city’s goals, and vision for the East Whisman area of Mountain View, while creating a dynamic campus focused on connections to transit, open space, and amenities for the many employees who will work there.”
The City of Mountain View adopted a new general plan in 2012 to accommodate the high-density office design, and re-designated the campus area for high-intensity office use.
In GlobeSt.com’s previous story on the project, Birdwell said that his firm is continuing to explore redevelopment opportunities in Silicon Valley. “This property presents a fantastic redevelopment opportunity to provide a large-scale, transit-oriented campus in a prime location…we are at a unique point in time where certain large office users in the technology sector are forecasting near-term growth and have a need for contiguous space, which is driving demand for this type of opportunity.”