AMC DINE-IN Sunnyvale 12 is Scheduled to Reopen This Friday
SUNNYVALE, CA – MARCH 4, 2021 – CityLine Sunnyvale continues to fill retail space in the heart of downtown Sunnyvale, having recently executed a lease with City National Bank for an approximately 3,250-square-foot space at 301 W. McKinley Avenue that will open before the end of 2021. CityLine Sunnyvale’s retail offerings have recently expanded with the late-January opening of Salon Republic in a 19,000-square-foot ground-level retail space beneath Target on W. McKinley Avenue and the October 2020 opening of a 52,000-square-foot Whole Foods Market on the corner of Murphy and McKinley Avenues.
The 52,000-square-foot AMC DINE-IN Sunnyvale 12 that shares a building with Whole Foods Market is also scheduled to reopen to the public this Friday, March 5th at a reduced occupancy level after a brief opening last October.
“We’re very excited to bring a tenant of City National Bank’s caliber into Phase One of CityLine Sunnyvale,” says Deke Hunter, Managing Member of Hunter Storm. “Our lease with this tenant, executed during a global pandemic, is a testament to the attraction of Downtown Sunnyvale and its promising future, as City National Bank just completed the opening of a flagship location in Manhattan’s Hudson Yards. Our teams are moving quickly through the design and permitting process so that we can begin construction soon, with the goal of having them open and operating this year.”
City National Bank was represented by Mike Costa of Cushman Wakefield and Mark McGranahan of Avison Young. James Chung, Nicole Lyon, and Marisa Organo of Cushman & Wakefield represented CityLine Sunnyvale in the deal.
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 198 new apartments and hundreds of thousands of square feet of new, leased retail space within walking distance to Caltrain. An additional 75 residences are due to open Summer 2021 and retail tenant improvements remain under construction across the project.
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 900 in downtown Redwood City, @First in San Jose which is a mixed-use project of over 1 million square feet, Bass Pro at Almaden Ranch and Village Oaks.
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.