The $9 million, four-lane thoroughfare will connect the Auto Mall Parkway and Fremont Boulevard/Cushing Parkway interchanges on Interstate 880. It will serve to support the transportation demand management program to be implemented by Catellus as part of its development of Pacific Commons, while providing improved access to the dealers in the Fremont Auto Mall.
"This is a significant step forward in the development of Pacific Commons," Says Nelson Rising, Catellus chairman and CEO. "Cushing Parkway is a key element of the project's infrastructure, providing internal circulation and links to the rest of Fremont and the Bay Area."
Pacific Commons is the largest planned business district in the San Francisco Bay Area, and will include 8.3 million sf of office and R&D space, with supporting retail space, a hotel and conference center. Catellus has already developed about 1.1 million sf of this space.
The Pacific Commons land use plan includes a wide range of on-site amenities, such as 400 acres of open space, a 2-acre lake, a 391-acre wildlife preserve, tree-lined boulevards and trails. Pacific Commons is expected to generate 25,000 jobs in Fremont, which is currently the 4th largest city in the Bay Area.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.