SUNNYVALE — City officials have approved plans for a new mixed-use residential and retail tower in downtown Sunnyvale that would become part of the successful CityLine Sunnyvale neighborhood.
Developers have proposed a new downtown Sunnyvale tower that would be 12 stories high and include homes and ground-floor retail and be adjacent to a town square expected to become a kind of “living room” for the neighborhood.
CityLine Sunnyvale is a new neighborhood of offices, shops, restaurants, homes, and open spaces that will effectively create a new downtown for the South Bay city.
The neighborhood is a project being built in phases by a joint venture of two major developers: Sares Regis Group of Northern California and Hunter Storm.
The Sunnyvale Planning Commission Monday night approved the two-building housing and retail tower.
“The approval of this project signals the continuing forward momentum for CityLine Sunnyvale following the opening of AMC Theaters and Whole Foods Market last year,” said Travis Duncan, an assistant vice president at Sares Regis Group of Northern California.
AMC DINE-IN Sunnyvale 12 movie complex and Whole Foods, which leased space in the same building, have effectively become the anchor tenants of the new downtown Sunnyvale.
Whole Foods occupies 52,000 square feet on the ground floor of the building while AMC DINE-IN Sunnyvale 12 occupies 52,000 square feet on the second floor of the building. The Whole Foods-AMC building is located at the corner of Murphy Avenue and McKinley Avenue.
The 12-story complex that the Planning Commission has just approved will be located at 200 S. Taaffe St. and will consist of 479 homes, 30,000 square feet of retail, and a new, public open space at Redwood Square.
An estimated 53 of the 479 homes — 11% — will be offered at below-market rates. Qualifying households would have incomes ranging from about $55,000 a year to $130,000 per year.
“We appreciate the trust the community, Sunnyvale city staff, Planning Commissioners, and City Council members have put in us to transform the downtown district into a vibrant, pedestrian-oriented neighborhood,” Duncan said.
Sares Regis and Hunter Storm are developing CityLine Sunnyvale on 36 acres, the developers said.
“CityLine Sunnyvale aims to enliven downtown Sunnyvale as an active, pedestrian-oriented, mixed-use district,” Sares Regis and Hunter Storm said.