Kyle Terada-USA TODAY Sports
$8 billion office, retail, and housing development to be built next to Levi’s Stadium
May 15, 2019 at 10:17 AM
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Levi's Stadium is about to get a new neighbor, according to a report by
Roland Li of the San Francisco Chronicle. Over 9 million square feet of offices, housing, hotels, and retail will be built on 240 acres of land next to the home of the San Francisco 49ers and the adjacent team headquarters.
The first phase of the project will open in 2023. It will replace a golf course and other tenants while generating $17 million in annual taxes and fees for the city of Santa Clara and creating 25,000 jobs.
"Stephen Eimer, a Related executive vice president, said the developer was attracted to the site because of its proximity to transit from the Santa Clara Valley Transit Authority and Caltrain," wrote Li. "BART also plans to expand to the area as soon as 2025."
Seven hundred hotels rooms will join the 1 million square feet of retail space, which will focus on food rather than storefronts, planned for the project.
You can read more about the project
at the San Francisco Chronicle.
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