SANTA CLARA COUNTYSellers Market August 6, 2020

Santa Clara Co. Real Estate Market – Shift From Condos to Single Family Homes/Suburbs

Lynne MacFarlane - Shift from Condos to single family homes

 

Lynne MacFarlane, Realtor Real Estate Market in Santa Clara County

It’s been a hot market recently, with a sharp decline during Shelter-In-Place (March 16th), but incline of showing interest (only with a July 4th dip), then back to climb.

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Please let me know how you and your family are doing during this health crisis. I am a Professional Fiduciary Association of California of the Silicon Valley chapter affiliate member and a Senior Real Estate Specialist but mostly you’ll appreciate my wide resources and contacts to help you get the help for your family needs.

I’m here for you. Love to hear from you. Cheers

(831) 346-2743 text/voice

LMACFARLANE@intero.com 

Lynne MacFarlane, Realtor - Together, we got this!

ArticlesCityPlaceDevelopmentReal EstateSan JoseSanta ClaraSantana Row March 6, 2019

Two New Commercial Projects Coming to Santa Clara & San Jose

As locals in Silicon Valley we can’t help notice all the cranes, increased traffic and new construction going on everywhere around us. What is going on?! We’re about to experience a new age in the changing landscape in San Jose / Santa Clara as Silicon Valley makes way to retain its reputation and dominance as the global powerhouse of innovative technology. South Bay cities, Santa Clara and San Jose, are positioning to attract future talent from a national and international talent pool as both cities resolve their contentious differences and now creating new commercial buildings for mixed-use development to attract more tech companies and places to live, dine and entertain.

CityPlace

CityPlace, a six and a half billion dollar development next to Levi Stadium in Santa Clara is a multi-phased, mixed-use development of up to 9.16 million gross square feet. It will be the hub of Santa Clara consisting of office buildings, retail, entertainment facilities, residential units, hotel rooms, surface and structured parking facilities, new open space and roads, landscaping and tree replacement, and new, upgraded, expanded infrastructure and utilities. Oh, is that all? Watch out Los Angeles and San Francisco, looks like we’re about to compete and have world class entertainment, its about time too!  (More on CityPlace here)

 

CityPlace

CityPlace will be a 240 acre project site from Parks/Open Space and Regional Commercial to Urban Center/Entertainment District.

The city of San Jose promises to pay sixteen million in traffic improvement related to the project in Santa Clara. Monies will not come from the general fund but by developer fees.  San Jose Mayor Sam Liccardo and Santa Clara Mayor Lisa Gillmor pledged to work together to find solutions related to traffic and affordable housing.

Santana West

Santana West - New Development

Santana West is considering a third office building that could entice more tech employers.

 

On the border of cities Santa Clara and San Jose is the new development called Santana West. The Santana West complex is across the street from Santana Row, a successful shopping, residential, dining commercial destination and is now planning on building a third  commercial buildings totaling 1 million square feet. Two of the buildings would contain 350,000 square feet each, and the third would offer 300,000 square feet of office space. “Santana Row is a place, it’s a destination, it has an identity,” said Dave Sandlin, an executive vice president with Colliers International, a commercial real estate firm. “Tech companies want cool buildings, cool locations like this to make it easier to attract good employees.” said Steve Horton, a vice chairman with Cushman & Wakefield. (More here)

Design for a Movie Theater 4-Plex, circa 1968. (Vincent Raney / Art Linson / Jean S. and Frederic A. Sharf Collection at Museum of Fine Arts, Boston)

Fortunately for us nostalgic South Bay residents, the new Santana West construction will preserve one of the landmark domed movie theater that for decades has been a familiar sight on Winchester Boulevard. Here’s the story of Century 21’s former space-age, futuristic vision coming to pass.

Rendering of 700 Santana Row (PRNewsfoto/Federal Realty Investment Trust)

 

Companies such as Splunk is betting on the success of Santana Row’s location to attract employees. Signing a long-term lease at 700 Santana Row, Splunk’s new building will feature seven levels of office area above ground floor retail, and a parking garage with approximately 1,300 spaces. (More information here)