A 153K-Square-Foot Office Building Has Been Entitled, While New Retail Tenants Include Flat Stick Pub and Roadrunner
SUNNYVALE, CA – DECEMBER 2, 2021 – CityLine Sunnyvale has received entitlement approval for the construction of a 153,000-square-foot, six-story office building with approximately 8,700 square feet of retail space at the corner of W. McKinley and S. Mathilda Avenues in downtown Sunnyvale. The building will feature approximately 4,000 square feet of to-be-determined maker’s space. This office project is the latest slated for phase two of CityLine Sunnyvale, which will redevelop four parcels in Sunnyvale’s Downtown Core into additional residences, ground-level retail, and office space.
Meanwhile, downtown retail space continues be filled with two new leases recently signed to occupy approximately 16,100 total square feet. Flat Stick Pub will bring a restaurant, bar, and miniature golf to a 12,000-square-foot, ground-level space across from the Target entrance on W. McKinley Avenue, while running apparel retailer Roadrunner has leased an approximately 4,100- square-foot space in that same building. The businesses are expected be operating by late 2022.
“We’re grateful to the City of Sunnyvale for allowing us to transform this site into a state-of the-art office building,” says Deke Hunter, Managing Member of Hunter Storm. “In addition, we’re thrilled to be able to bring these new retail tenants to downtown Sunnyvale for the benefit of the neighborhood. These leases are a testament to the continued attraction of downtown Sunnyvale and its promising future.”
Elsewhere in CityLine Sunnyvale, the two new 250,000-square-foot office buildings on the former Macy’s parcel at 200 Washington Avenue have achieved a WiredScore Gold certification. WiredScore is the internationally recognized, digital connectivity rating system for real estate. Achieving WiredScore Certification establishes STC Venture, LLC, the developer of the two buildings, as being at the cutting edge of technology design. The certification designates that the buildings are designed to be forward-thinking in terms of connectivity and are completely digitally tailored to handle the needs of any modern business.
CityLine Sunnyvale is developed by STC Venture LLC, a joint venture between Sares Regis Group of Northern California and Hunter Properties. The venture aims to enliven downtown Sunnyvale as an active, pedestrian-oriented, mixed-use district featuring new residences, a large public plaza, shopping, entertainment options, and office space planned across 36 acres.
A Downtown Specific Plan approved last year allows for a buildout of an additional 817 residences and 709,000 square feet of office above 642,000 square feet of ground-level retail. STC Venture has already completed and delivered 273 new apartments and hundreds of thousands of square feet of new, leased retail space within walking distance to Caltrain.
ABOUT HUNTER STORM:
Hunter Storm, the development arm of Hunter Properties, is a commercial real estate development firm with an emphasis on ground-up construction, repositioning of assets, and value add improvements. Hunter Properties was founded in 1960 and the current partners, Deke Hunter and Edward Storm formed Hunter Storm in 1986, with Curtis Leigh joining the team in 2004. The company enjoys a strong track record by focusing its efforts locally with all major projects located in the San Francisco Bay Area. This allows the principals to leverage their market knowledge and expertise evenly across three product disciplines. Recent award-winning projects include Crossing downtown Redwood City, @First in San Jose which is a mixed-use project of over 1 million square feet, Bass Pro at Almaden Ranch, Village Oaks, Coleman Highline in San Jose, and Gateway Crossings in Santa Clara.
ABOUT SARES REGIS GROUP OF NORTHERN CALIFORNIA:
Sares Regis Group of Northern California and its affiliates, Regis Homes Bay Area and Regis Contractors Bay Area, are regional companies based in San Mateo, California. As leading developers and managers of commercial and residential real estate in the western United States, the companies have more than 6.5 million square feet of commercial properties valued at $500 million and over 2,800 residential units under development. Since its inception, the company has acquired or developed approximately 46 million square feet of commercial properties and 20,000 multifamily and residential housing units. For more information, please visit: www.SRGNC.com.