Mountain View developer plans to use builder's remedy to expand residential project - Silicon Valley Business Journal

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Local developers Tod Spieker and Kevin DeNardi already have approval to build a 121-residence project. Now they want to expand that to 200 units.

A Mountain View property owner is planning on taking advantage of the so-called builder's remedy to propose a much bigger residential project than it's already gotten approved.

It was unclear from her email what additional information the city has received about the pending proposal. But the project would offer 65% more residences than the development Mountain View previously approved for the site.an unnamed developer had plans to submit a builder's remedy application for the Gamel Way site. At the time, however, no details of those plans were available.

D/S Gamel Way secured the right to build a four-story, 121-unit condominium project on the 2.3-acre Gamel Way site for in 2021,. The developer's proposal included 29 affordable residences, enough to replace the number of existing,"naturally affordable" homes that would be demolished to make way for its project. It also included an enhanced benefits package for tenants who would be subsequently displaced by the development.

 

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Mountain View developer plans to use builder's remedy to expand residential project - Silicon Valley Business JournalLocal developers Tod Spieker and Kevin DeNardi already have approval to build a 121-residence project. Now they want to expand that to 200 units.
Fonte: svbizjournal - 🏆 334. / 59 Consulte Mais informação »

Mountain View developer plans to use builder's remedy to expand residential project - Silicon Valley Business JournalLocal developers Tod Spieker and Kevin DeNardi already have approval to build a 121-residence project. Now they want to expand that to 200 units.
Fonte: svbizjournal - 🏆 334. / 59 Consulte Mais informação »