2024: 

July 17: UPDATED Press Release  

July 11, 2024 The Rise - Cupertino and Vallco Developer Agree on Impact Fees

The City of Cupertino has reached an agreement with Vallco Property Owner regarding the payment of impact fees by The Rise project, located at the former Vallco Shopping Mall site.

View Agreement

2024: 

February 16, 2024 The Rise - Decision Made:

The City made a decision on the Rise Modification application: 

On February 16, 2024, the City approved the Rise (formerly Vallco Town Center) SB 35 second modification received from the Vallco Property Owner LLC (VPO) in December 2023.The City issued the following documents, which include updated plans received from the applicant during the review process on February 6 and February 14, 2024:

Approval Letter
Attachment A - Approved Plans
Attachment B - Basis for Approval
Attachment C - Standard Permit Requirements

February 14, 2024:

The City received additional plans from the applicant on February 14, 2024 in which minor modifications were made since December 5, 2023. These plans are included in the final approved plan set.

February 6, 2024:

The City received plans from the applicant in which minor modifications were since December 5, 2023. These plans are included in the final approved plan set.

December 5, 2023 The Rise - Second Modification Application received

Application for Modification: 

On December 5, 2023, Sand Hill Property Company (SHPCo) submitted a second modification application for The Rise (formerly Vallco Town Center) development pursuant to SB 35. The project continues to be a mixed use development with 2,669 units of housing, approximately 1.95 million square feet of office space and approximately 226,000 square feet of retail uses. As required by SB 35, 1) fifty percent of the base housing units must be affordable, 2) two-thirds of the total project square footage must be allocated for residential use, and 3) the City has 60 days to process the application. Details are below in the "The Rise - 2023 Modification Application" tab.

Prior to receiving this modification application, SHPCo filed an application with the City of Cupertino on March 27, 2018 entitled "Vallco Town Center Project Application pursuant to SB 35" for 50.82 acres of the former Vallco Mall property. The developer utilized state Density Bonus law incentives and density bonus units in its proposal. The project was a mixed use development with 2,402 units of housing, approximately 1.97 million square feet of office space and about 425,000 square feet of retail uses. Fifty percent (1,201) of the housing units were proposed to be affordable. On September 21, 2018, the City approved the project. In March 2022, SHPCo filed a modification application. The developer continued to utilize state Density Bonus law incentives and density bonus units in its proposal, with no changes to the mix of uses. On June 3, 2022, the City approved the modifications. Details are below in the "The Rise - 2022 Modification Application" tab.

The following documents have been provided by the applicant in support of the second modification to The Rise development project, which pursuant to Govt. Code Section 65913.4 must be reviewed by February 5, 2024:

• Transmittal Letter
• Appendix I - Supplemental Responses to City Application
• Appendix II - Project Description
• Appendix III - Density Bonus Application
• Appendix IV - Plan Set
  • Planning Drawings
  • Tentative Map Drawings
• Appendix V - Updated Objective Standards Consistency Analysis
• Appendix VI - Updated Preliminary Affordable Housing Plan
• Appendix VII - Title Report
• Appendix VIII - Updated Arborist Report
• Appendix IX - Updated Preliminary Waste Management Plan 2023
• Appendix X - Updated C.3 Data Sheets - NPDES compliance letter
• Appendix XI - City WELO checklist
• Appendix XII - Updated Geotechnical Investigation Report
• Appendix XIII - Updated Operational HRA Report
• SB35 Application Form
• VPO Cover Letter

https://therisecalifornia.com/contact