Related, the firm behind Hudson Yards, will develop the 240-acre site In Silicon Valley, where big-money valuations are commonplace, a planned $8 billion real estate project set to break ground has captured the attention of the region?s business community.
The Related Santa Clara project will transform a 240-acre golf course into a mixed-use development that?s already being called the Hudson Yards of the West. British architecture firm Foster + Partners will handle design and landscaping of the waterfront development near Levi?s Stadium, which includes plans for a neighborhood-style streetscape with public square and a 30-acre park. Uber has even proposed building a flying taxi ?skyport? amid the shops, residences, and offices. The first phase is poised to open in 2023. The size and scope of the largest project under construction in Silicon Valley begs the question of priorities. Of the 9.2 million square feet, 5.4 million square feet will be devoted to offices supporting 25,000 jobs, with one million square feet of retail and entertainment space. Yet only 1,680 residential units are planned to be built. In one of the nation?s most expensive and housing-scarce regions, will such large-scale projects, designed to accommodate startup spaces as well as new corporate campuses, further exacerbate the shortage of affordable housing"

Related believes that creating such a massive, amenity-rich, master planned community, located near big tech companies, ...