There are plans for two massive development projects around the new 49ers Stadium in Santa Clara. The first is a $1.5 billion dollar project (more than the cost of the stadium) that would include 1.5 million SQFT of retail (this is more retail than all of Valley Fair mall), 2.4 million SQFT of office, a 200 room hotel, and 500 residential units. You can see the first conceptual drawing below and the soonest it would break ground is 2016.
The second is a $400 million project led by Joe Montana that would consist of two hotels totaling 235 rooms, 150,000 SQFT of restaurant/retail space, and 430,000 SQFT of office. The first phase of this project would ideally be up and running by the Super Bowl in 2016.
While these projects are not directly in San Jose, they may impact San Jose in both positive and negative ways. On the positive side, this could have a catalyzing effect on the whole region and attract more investment dollars to the South Bay, especially North San Jose. Obvious it would give San Joseans a new retail and entertainment anchor to visit. On the flip side, this could draw more tax dollars to the city of Santa Clara and hurt business for the current Silicon Valley retail megacenter: Santana Row + Valley Fair.
What do you guys think about these projects?