The City of Santa Clara, which has partnered with Related Companies on the project, approved the first phase to begin in May. However, the project’s initial timeline was to be delayed “at least a few months,” Silicon Valley Voice reported. While the second phase was approved soon thereafter, the Santa Clara planning commission expressed reservations about the project’s planned 5.7 million feet of office space since the pandemic is now motivating the workforce to move away from offices. As of now, Phase 1 is slated to be completed in mid-2023, while Phase 2 is scheduled to begin in mid-2021 and finish by late 2023 or early 2024.
In the heart of Silicon Valley, there is the 240-acre, $8 billion mixed-use development project known as Related Santa Clara. Once complete, the development will offer 9.2 million square feet of commercial retail, residential, hotel, and open space. This will include 440,000 square feet of office space, 21,400 square feet of retail, 29,600 square feet of food and beverage space, 700 hotel rooms, 1,680 apartments, and underground parking.
Projects valued - $ 8 billion
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