Catellus Selected as Preferred Developer for the Santa Clara County Fairgrounds Redevelopment
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July 2008
Catellus Development Group, a ProLogis (NYSE: PLD) company specializing in mixed-use development, announced today that it has been selected as the preferred developer for a major new mixed-use project in San Jose, California, following a request for proposal from the County of Santa Clara.
The 150-acre site, which serves as the Santa Clara County Fairgrounds, is located just south of downtown San Jose. Pete Kutras, County Executive for Santa Clara, will recommend to the Board of Supervisors that the County enter into an Exclusive Negotiating Agreement (ENA) with Catellus, which emerged as the developer of choice following a County-led RFP process.
Catellus, along with its local development partners The Riding Group and The Morley Bros., will present their preliminary vision for the Fairgrounds property during a public Board of Supervisors workshop on August 26, 2008.
“We are extremely pleased to be moving forward with the next phase of negotiations on our proposed redevelopment plan for the county fairgrounds property,” said Aidan Barry, first vice president for Catellus in northern California. “We believe this project represents an ideal opportunity to transform a large tract of underutilized infill land into an entirely new, dynamic, sustainable and cutting-edge community that delivers new jobs, tax revenues, affordable housing options, open space and other public amenities. This site promises to be one of the premier mixed-use redevelopment projects in the nation, and we look forward to partnering with the County, the City of San Jose, and local citizens to design and implement a development plan for which the entire community can be proud.”
Catellus has more than 20 years of brownfield and urban redevelopment expertise, having served as master developer for several notable mixed-use and retail projects in the Bay Area including Mission Bay, Pacific Commons and Alameda Landing. Its preliminary vision for this project incorporates sustainable, smart growth planning and design concepts that have been successfully implemented at other mixed-use projects across the U.S. This includes a network of streets and paths that encourage walking and cycling, office and retail buildings that feature green building technology, community gathering places and parks, and affordable housing.
Media:
Jessica Crow
303-567-5137
jcrow@prologis.com
Sean Morley
The Morley Bros.
408-458-4440
sean@morleybros.com
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