SUNNYVALE, CA—Watt Companies hopes to convert aSilicon Valley industrial/tech campus to aresidential complex, and is awaiting approval from local officialsfor the plan.
The Santa Monica-based developer has submitted a plant toconvert the Spansion campus, which it acquiredearlier this year for $60 million. The SiliconValley Business Journal says the Sunnyvale PlanningCommission is considering a zoning request for theproject, but that a decision on the matter might not come withoutsome debate.
Watt's proposal, is not the first attempt to redevelop the agingcampus that is on Federal Superfund list. Two other residential developers have optioned the land, butdid not move forward.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
