- Published on Wednesday, 08 August 2012 01:00
- Written by Diego Abeloos - Staff Writeremail@example.com
Photo By: Ellie Van Houtte/ Town crier
It’s not a finished product, but it’s getting close.
According to John Vidovich of De Anza Properties, the mixed-use Los Altos Gardens development “is a little behind schedule” and won’t meet the company’s original deadline.
Vidovich, a Los Altos Hills resident, said construction on the development at 960 N. San Antonio Road will likely wrap up by the end of September, missing its targeted completion date by approximately a month.
“If you look out there, you can see there’s stuff that still needs to be done,” Vidovich said of his three-story project, which will include 46 condominiums, 56 refurbished apartments, retail and office space.
Vidovich attributed the delay to several factors, including difficulties in receiving imported European marble for the project’s condominium units in a timely fashion. The units will feature, among other things, imported European appliances, hand-cut stone and LED lighting.
“Everyone in our group has been very involved in making it a really good-looking building, and when you do that, sometimes it takes a little longer,” said Vidovich, who acquired the property in 2006.
The Los Altos City Council originally approved the Los Altos Gardens project – dubbed so because of the 56-unit Los Altos Gardens apartment building at the rear of the site – in January 2008. The lot previously housed a 19,000-square-foot office building that was demolished in 2010.
Los Altos Assistant City Manager James Walgren said the mixed-use development is beneficial to the city in several ways, noting that it replaces “what was a fairly blighted property. It also results in better maintenance and care for the existing 56 rental units and provides the city with 46 new condominium housing units.”
Vidovich said interest in the development’s condominiums, priced at more than $1 million each, is “very high.” He added that De Anza Properties plans to relocate its offices from Sunnyvale to the new development upon its completion.
Additionally, Vidovich said De Anza properties is in “serious negotiations with a tenant” to lease the project’s 7,000-square-foot retail space, but declined to identify the retailer.
“I can tell you it’s not a bank,” he said with a chuckle.
The project also included a refurbished Los Altos Gardens apartment complex, with six below-market-rate units available for low-income applicants.