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232 Affordable Homes Moving Forward at Town Square West in Cupertino (The Rise at Vallco Update)

There is major progress at The Rise at Town Square West, the long-anticipated redevelopment of the former Vallco Mall site in Cupertino.

A construction permit application has officially been submitted for the first residential building — and it will be 100% deed-restricted affordable housing

This clears the way for 232 new affordable homes to begin construction before the end of 2026.

The project is being delivered through a partnership between Sand Hill Property Company and nonprofit developer Eden Housing, a longtime leader in high-quality affordable communities across Silicon Valley.

What Is Being Built at Town Square West?

The first residential building in the Town Square West district will include:

• 232 affordable apartment homes

• 50% two- and three-bedroom family units

• Homes reserved primarily for households earning 50% of Area Median Income (AMI) or below

This is significant because Cupertino has struggled to produce larger, family-oriented affordable units. The updated mix represents a meaningful shift toward serving working families.

Where Is Town Square West Located?

Town Square West is the first phase of The Rise redevelopment at the former Vallco Mall site in Cupertino.

This district will also include: 

• Approximately 200,000 square feet of retail, dining, and entertainment

• More than three acres of public parks and open space

• A walkable, mixed-use neighborhood environment

The vision is to integrate affordable housing directly into an active, amenity-rich community rather than isolating it.

The Bigger Picture: The Rise at Vallco

When fully built out, The Rise is expected to include:

• 2,669 total residential units

• 356 affordable homes across the entire project

While earlier proposals included more affordable units overall, the current phase significantly improves the unit mix — increasing family-sized housing from 11% to 50% in this building.

The City of Cupertino will oversee the rental process using established placement procedures to ensure compliance and fairness.

What This Means for Cupertino Real Estate

This milestone signals that The Rise in Cupertino is moving from long-term entitlement into real vertical construction.

For the broader Cupertino housing market, that means:

• Increased supply in future phases

• New mixed-use density near major employment centers

• Long-term shifts in buyer interest around walkable developments

• Potential upward pressure on surrounding property values as infrastructure improves

For buyers considering new construction in Cupertino, this is the clearest sign yet that The Rise is advancing.

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• Cupertino Real Estate (2)
• Vallco Mall redevelopment (1)
• The Rise at Vallco (1)
• Cupertino homes for sale (1)
• Town Square West (1)
• New construction Cupertino (1)