The 9.5-acre site, located at the intersection of Tasman Drive and Centennial Boulevard, is adjacent to Levi’s Stadium, the new home of the San Francisco 49ers. The City of Santa Clara has entered into an Exclusive Negotiation Agreement with Montana Property Group, which has formed a joint venture with Lowe to develop the mixed-use project.
“This unique property offers an unparalleled opportunity to combine the energy and excitement of a professional sports venue with the innovation and vision of the technology industry that drives the Silicon Valley,” said Joe Montana of Montana Property Group. “Centennial Gateway and the new 49ers stadium will create a thriving entertainment district that will continue the dramatic transformation underway in Santa Clara.”
The 860,000-square-foot project will offer a dynamic mix of hotel, office, restaurants, - including a Joe Montana signature restaurant - casual eateries, entertainment and specialty retail with inviting public spaces where visitors, workers and the local community can meet, socialize, dine and enjoy a unique urban destination. Centennial Gateway will create 300 temporary construction jobs and 600 permanent jobs at hotels, retail stores, restaurants and in office property management
“Centennial Gateway will be a vibrant seven day a week hub for work, dining, entertainment and hospitality that will capitalize on the growth and evolution of Silicon Valley and the City of Santa Clara as well as the continuing dominance of professional football as the most watched and followed sport in America,” said Robert J. Lowe, Chairman and CEO of Lowe Enterprises.
Leading design firm NBBJ has been retained as the master planner and Turner Construction has been retained as general contractor. The Montana-Lowe development team is working closely with the City of Santa Clara to create the optimum plan for the new project. The master plan currently envisions a 200-room hotel, a 125-room hotel, two 240,000-square-foot office buildings and up to 150,000 square feet of retail, restaurant and entertainment space with active public outdoor plazas as well as two parking structures with more than 2,500 total spaces. Centennial Gateway will provide a seamless connection and transition from Levi’s Stadium to its south and the proposed City Center project to its north. The transit-oriented development site is supported by VTA light rail, Amtrak and ACE regional rail stops for easy access by commuters, visitors and fans.
Centennial Gateway is expected to be approved in the summer of 2014 with the first phase breaking ground shortly thereafter. The first phase, which includes a hotel, is targeted for completion in advance of Super Bowl 50 in February 2016. The 49ers will relocate to Santa Clara upon the fall 2014 completion of the new $1 billion, 68,500-seat Levi’s Stadium.