Miles Garbersays the Valley is looking to the future to gear up for “the Googleeffect”.
SAN JOSE—While new housing production in the Silicon Valley hashistorically been geared towards single-family homes and townhomes,denser product came to the market in 2018. For example, SaresRegis' 1101 West in Mountain View and The Ashton in Belmont, 777Walnut by Landmark in San Carlos and SiliconSage's The Almaden inWillow Glen. In addition, Genzon's Kylli announced plans to buildup to 6,000 units in a series of towers perhaps 35 stories highnear Santa Clara's 49ers stadium.
Simultaneously, a series of underutilized retail and officeprojects are planned to be repositioned as either housing-onlydevelopments or mixed-use centers with new housing. For example,Daly City's Westlake Shopping Center, San Mateo's 2 Waters Park andCupertino's Vallco Center.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
