SUNNYVALE — A giant homebuilder has purchased a housing undertaking website in Sunnyvale the place greater than 100 residences have been proposed from one among Silicon Valley’s high-profile improvement corporations.
Pulte Houses has bought a five-acre website at 1139 Karlstad Ave. in Sunnyvale, the situation the place a big residential improvement had been beforehand proposed.
The house constructing titan paid $52 million to purchase the property, which is close to the nook of Tasman Drive and Truthful Oaks Avenue, in keeping with paperwork filed with the Santa Clara County Recorder’s Workplace on Aug. 24.
Sobrato Household Basis, a unit of legendary improvement agency The Sobrato Group, bought the property to Pulte.
The event website is empty land at current. As a part of the undertaking, a giant industrial constructing totaling 100,500 sq. ft was bulldozed to clear the best way for improvement.
Sobrato gained approval from Sunnyvale metropolis officers to develop a 135-unit residential undertaking on the positioning.
The event proposal envisions eight three-story buildings and eight four-story buildings. The residences could be townhomes, in keeping with the planning information.
Years after it was proposed, nevertheless, the undertaking has but to be constructed. Metropolis planners authorized the undertaking in Could 2021. The event allow is slated to run out in Could 2023, metropolis paperwork present.
It wasn’t instantly clear whether or not Pulte intends to construct the undertaking as entitled and authorized, or if the homebuilder is eyeing a special improvement plan.