RES 84176 - Laserfiche WebLink

PROPOSED DEVELOPMENT AND PROPERTY OWNERSHIP Information in this section regarding proposed development and property ownership in the District is included because it is considered relevant to an informed evaluation and analysis of the Improvement Project. Although substantial planning, design and engineering have been completed for the Hacienda Business Park, an some construction has been completed or is underway on certain parcels in the District, no assurance can be given as to if or when the remaining proposed development will be completed. Information contained herein re|ating to the Major Landowners has been provided and reviewed by the respective Major Landowners. Proposed Development All of the property in the District is being developed as Phase I of Hacienda Business Park ("Hacienda"), the first phase of a two-phased master-planned 860 gross acre mixed-use business park which is being co-developed by The Prudential Insurance Company of America ("Prudential"), and Callahan Pentz Properties, Pleasanton ("CPP-Pleasanton"). Hacienda (Phase I and Phase II) is projected to be completed in about twenty years and is expected to provide approximately 12 million gross square feet of office, commercial and industrial space. When fully built out, Phase I is expected to provide approximately 7.35 million gross square feet of office, commercial, and industrial uses. Eleven buildings totaling 513,903 net rentable square feet have been completed. Eighteen buildings (including six buildings comprising a 168-room hotel with a restaurant and banquet facilities) are currently under construction and upon completion are expected to provide 938,866 net rentable square feet of facilities. An additional four buildings totalling 145,854 net rentable square feet are planned for occupancy over the next several years. -26-