CUPERTINO — An odyssey to transform an old South Bay shopping center into a lively new neighborhood of homes, shops, restaurants, and offices is about to reach a key stage, with the project’s first buildings set to sprout in 2026.
The Rise, a mixed-use Cupertino village proposed at the site of the mostly demolished Vallco Shopping Mall, is slated to begin emerging from the ground next year, according to Sand Hill Property Co., developer and principal owner of the project site.
“This is going to be the heart of the project,” Reed Moulds, project executive for The Rise, said in an interview with this news organization. “We are now talking about vertical construction, and we are starting with Town Square West.”
Once completed, the project will have fewer affordable homes compared with earlier iterations of the development, according to Moulds, a managing director with Sand Hill Property. The Rise will also have less office space.
Residents will be able to occupy the project’s first homes starting in 2028, according to a new update for the development that Sand Hill Property has submitted to Cupertino city officials…