(For more retail coverage, click GlobeSt.com/RETAIL.)
SUNNYVALE, CA-The city council here has signed off on the saleof its empty Downtown mall to a new developer. Sand Hill PropertyCo. of San Mateo and equity partner Rreef were given the greenlight this week to acquire the 36.5-acre site from its currentowner, Atlanta-based Forum Properties, which decided to sellshortly after it got started on the redevelopment.
As approved, the revised redevelopment plan calls for onemillion sf of retail, 282,000 sf of offices and 292 condominiums.The plan includes a possible grocery store and more space dedicatedto restaurants, two elements not in the original plan.
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