Class A Office Building
The project at 1001 N. Shoreline began in 2014 as a land assembly. Calvano Development recognized the importance of the nexus of Highway 101 and N. Shoreline Blvd. as an exclusive address and one of the most coveted submarkets in Silicon Valley. This area is home to many large corporate users and boasts giants such as Microsoft, LinkedIn, Intuit, and Google.
The 7.8-acre land assembly comprised ten parcels from eight different ownerships, necessitating a complex acquisition process requiring separate negotiations with each entity. Calvano Development has extensive experience with such complicated assemblies that involve working with sellers, tenants, and other stakeholders.
Upon approval, the building was fully leased to a single technology tenant. Construction began in early 2016 and is scheduled for delivery in spring of 2017.
The balance of the land is now being processed for The Residences at Gateway, a 203 apartment and 100 condominium.