Jan
23
Iconic Pruneyard Center Slated for Renovation
ByEllis Partners has begun a multi-phase renovation of the 27-acre mixed-use property, which the company purchased three years ago for $280 million.
The Pruneyard Place in Campbell, Calif.Campbell, Calif.—Ellis Partners, a commercial real estate investment and development company founded in San Francisco in 1993, broke ground on the revitalization process of The Pruneyard, a 370,000-square-foot office and 253,000-square-foot retail and restaurant space in Campbell, Calif. The major renovation and addition will include a curated tenant mix, building upgrades and the redesign of common areas.
Located at South Bascom Avenue, the three-building Silicon Valley property will be improved in several phases. The first phase comprises a series of improvements to transform The Pruneyard into a miniature urban village. The property will include The Pruneyard Place, The Pruneyard Tower I and The Pruneyard Tower II. The property’s Main Street and Plaza will be reimagined into a town square surrounded by updated retail and dining options. Pedestrian walkways will be improved in order to offer better connectivity between the center and the office towers, hotel and parking. Developers also plan to include new landscaping and gathering places throughout the property…
