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37.336424, -122.015443  |  SCAC1344|  SCAC1344
Cupertino Village: Aerial
Completed Redevelopment

Cupertino Village

  • GLA: 136,553
  • Parking Spaces: 708
  • Metro Area: San Jose-Sunnyvale-Santa Clara (CA)
Cupertino Village is a 122,000 square foot Asian inspired shopping center with the dominant grocer. This center is located directly across the street from the new Apple 2 Campus which will house 13,000 employees set to open in early 2017.
  • Leasing Representative

    Ranfie Ancelovici

    Office: (650) 301-3022 | Cell: (415) 377-5033

    Info | Send Email »

  • Property Manager

    Maria Teos

    Office: (650) 746-7504 | Cell: (650) 666-7038

    Info | Send Email »

  • Lease Analyst

    Nicole Peterson

    Office: (949) 788-6243

    Info | Send Email »

Gross Cost: $17 M

Completion Date: Estimated 2Q 2016

Acquired in 2005, this Asian-oriented neighborhood shopping center is located in the heart of Silicon Valley adjacent to Apple's new Corporate II Headquarters (former HP HQ). Entitlement efforts, ongoing the past several years, culminated with the City of Cupertino vesting Kimco's application to redevelop this 1960's Town & Country Center with a multi-phased project renamed Cupertino Village. Phase I included the addition of a two-level parking structure to accommodate approximately 220 cars. Phase II added 24,000 SF within two retail buildings adjacent to Wolfe Road and existing center. Phase III of the current approvals provided for the renovation of the existing four-building shopping center with a contemporary architectural design, as well as the reconfiguration of the pedestrian courtyard landscape and hardscape. The final merchandising strategy will diversify the existing tenant roster by adding national and regional retailers. Lastly, the reconfigured site provides several pedestrian connections to the Apple II corporate campus. Future value creation activities will focus on the entitlement and redevelopment of the existing two-story bank building located at the Prune Ridge and Wolfe Road intersection.

  • Non-Controlled
  • Availability
  • Re/development
Property Capsule: Commercial Real Estate technology platform with Automated Site Plans, Automated Flyers, iPad App, ICSC/Retail's #1 Tech Provider
Reference #
GLA
Acreage
PAD
Drive-Thru Approved
Restaurant Approved
8
2,397
Y
N
N
19
1,789
Y
N
N
21
1,456
Y
N
N
25
4,560
Y
N
N

Average Household Income

by Block Group

  •  
  • $150k and Up
  •  
  • $100k - $150k
  •  
  • $75k - $100k
  •  
  • $50k - $75k
  •  
  • < $50k

Popstats, 4Q 2016 rev., Trade Area Systems

2016 Estimates
1 Mile
3 Mile
5 Mile
10 Mile
Total Population:
20,613
247,712
517,823
1,305,300
Total Households:
7,306
91,672
193,127
473,832
Avg. HH Income:
$163,224
$143,720
$139,835
$134,560
Med. HH Income:
$138,042
$116,763
$110,159
$101,526
Per Capita Income:
$57,901
$53,396
$52,562
$49,322