RELATED CALIFORNIA ANNOUNCES SAN FRANCISCO 49ERS AND FORMER NFL QUARTERBACK JOE MONTANA SUPPORT COMPANY’S PROPOSAL FOR EXCLUSIVE NEGOTIATING AGREEMENT WITH CITY OF SANTA CLARA
Company and City may explore mixed-use development near site of new 49ers stadium and potential Montana development project
SANTA CLARA, CA (April 8, 2013) – Related California, a real estate developer specializing in affordable and market rate multifamily and mixed-use residential properties in California, today announced the support of two potential neighbors for their effort to work with the City of Santa Clara, California: the San Francisco 49ers and Former NFL quarterback Joe Montana.
The possible location of the development is north of the 49ers football stadium, adjacent to the Santa Clara Convention Center, and north of a potential Joe Montana development project on two city-owned lots totaling eight acres at Tasman Drive and Centennial Boulevard.
On April 9, 2013, the City of Santa Clara’s Sports and Open Space Authority will consider entering into an exclusive negotiating agreement with Related California.
“The City of Santa Clara selected an excellent partner to explore the best use of the area north of the stadium,” said San Francisco 49ers Executive Vice President of Development Larry MacNeil. “Related Companies is one of the nation’s premiere real estate firms. They are capable of envisioning a great project. Equally important, they have the talent to design, build, and finance the development. We know Stephen Ross as an outstanding NFL owner whose company has a stellar reputation for developing mixed-use projects that really create a sense of place.”
“The Related Companies have an outstanding reputation for quality design and development of mixed-use projects,” said Joe Montana. “Our proposed project along with the Related Company’s potential development will be great additions to the North of the Bayshore area. We welcome the opportunity to work with them and the City of Santa Clara to make the area a first-class destination place.”
“Santa Clara is a city well in the path of progress and we believe we can use our talent for ‘placemaking’ to further enhance this community," said Bill Witte, President of Related California. “Our vision is to create a place that blends the best living, entertainment, shopping, and dining experiences from the surrounding area and across the nation. Because the location has outstanding transit and freeway options, we feel the potential for a major positive economic impact on the city, as well as surrounding neighborhoods.”