In what will probably end up a footnote in this neverending saga, Cisco completed acquisition of the bulk of the Pacific Commons site (the Trib’s George Avalos reporting). 103 acres were purchased from Catellus (ProLogis) in December 2009, followed by another 41 acres last month. Judging from the sizes of the acquired parcels, they do not include the area slated for a movie theater and Target.
Cisco could build a new campus in Fremont, but it’s not likely to happen anytime soon. Instead, it seems more likely that they may end up selling or leasing the property to some up-and-coming tech company, though being in Fremont tends to limit the kinds of firms that might locate or relocate there. Cisco also bought land near the Dublin-Pleasanton BART station with the intent to expand there. They ended up selling that property to the quasi-public State Compensation Insurance Fund. SCIF is relocating from San Francisco to Pleasanton and Vacaville, citing high costs at the mid-Market headquarters.
The stretch marks and scars of boom and bust cycles are everywhere throughout Silicon Valley. Aerospace and defense contractors were replaced by PC hardware manufacturers who were themselves replaced by Web companies. Farmland and orchards gave way to giant campuses for Cisco and eBay. Facebook may be moving into Sun’s former headquarters in Menlo Park. Such is the pace of innovation.
Speaking of transformations, the Argus’ Matt Artz has been trying to figure out what will happen with Union Pacific buying all of that old NUMMI land. He dug up some information on an railyard expansion project UP did in Lathrop, which would grow the yard from 134 to 277 acres over 10 years. The Lathrop yard, which runs 24/7 and was moved there to get out of an urbanized locale in Stockton, has a whopping 83 jobs on site. I’m sure the folks at the Taco Bravo on Auto Mall and Grimmer are ecstatic about having one job for every two acres come into their part of town. And as active as Fremont Citizens Network was in fighting the Warm Springs ballpark, they seem to be completely ignoring UP’s railyard plan.
San Jose note from erw, who attended the long session tonight (but he spoke at least twice!):
Both the Diridon Station Area Good Neigbor Committee’s Framework for Implementation and the Planning Dept.’s Diridon Station Area Plan passed unanimously. Council was very careful to not do anything to affect the parking for Pavilion/SVSE. Next steps: GNC to reconvene when big developments come up (HSR, Baseball) and an EIR for the Station Area Plan (expected complete by March 2011).
I should also add that an EIR study session may occur sometime in April. The Diridon Station Master Plan’s goal is to address near-term (10 years) development and construction in the area. In doing this, planners have made the following assumptions:
- Construction of Ballpark
- Development of the Core Area
- Development of the former San Jose Water Co. site (Adobe)
- Construction of BART Box [cut and cover]
The Master Plan EIR (separate from the already certified Ballpark EIR) will contain an alternative to the ballpark which has 2.4-5.3 million square feet of new commercial space.