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Cupertino’s Largest Redevelopment Explained
The Rise at Town Square West is the long-anticipated redevelopment of the former Vallco Mall site in Cupertino. After years of planning and revisions, the project is now moving into early construction milestones. This page is a complete, buyer-friendly guide to The Rise Cupertino timeline, Town Square West in Cupertino housing, and what it may mean for Cupertino real estate.
What Is The Rise at Vallco?
The Rise is a major mixed-use redevelopment planned at the former Vallco Shopping Mall site in Cupertino. When fully built out, the project is expected to deliver a new walkable district with housing, retail, and public open space.
- 2,669 total planned homes (full project)
- 356 affordable homes across the full project (current plan)
- ~200,000 sq ft of retail / dining / entertainment (Town Square West district)
- 3+ acres of public parks and open space (Town Square West district)
- Mixed-use, pedestrian-oriented neighborhood concept
The project team includes Sand Hill Property Company and nonprofit affordable housing developer Eden Housing, which has a long track record of building high-quality affordable communities across the region.
Town Square West and The Rise Cupertino Development Video
This video update covers the progress and future vision for Town Square West and The Rise in Cupertino, located near the former Vallco Mall site along Wolfe Avenue near Apple Park.
For more updates on Cupertino real estate, new housing, and Silicon Valley development projects, visit BruceWagg.com.
What Is Town Square West?
Town Square West represents the first phase of The Rise redevelopment. It’s the district where early housing delivery and neighborhood amenities are expected to begin taking shape first.
- First residential building is planned to be 100% deed-restricted affordable housing
- Retail, dining, and entertainment planned in the district
- Parks and open space planned so the neighborhood feels “complete” early
232 Affordable Homes: What We Know Right Now
A major milestone has been reached: a construction permit application has been submitted for the first residential building at The Rise, and the building will be 100% dedicated to deed-restricted affordable housing.
- 232 total affordable homes
- 50% are planned as family-sized 2- and 3-bedroom homes
- Most homes reserved for households earning ≤ 50% of Area Median Income (AMI)
- Located in the Town Square West district
- Construction expected to begin before the end of 2026 (per current milestone messaging)
The City of Cupertino is expected to oversee the rental placement process using established procedures to ensure fairness and compliance.
Want the “What This Means for Prices” breakdown?
I’m putting together a short, buyer-friendly report on how Town Square West and The Rise could influence Cupertino condo values, inventory, and buyer competition over the next 3–5 years.
Will There Be Condos for Sale at The Rise?
Future phases of The Rise are expected to include market-rate housing, which may include for-sale condominiums or other ownership opportunities. Final product mix, pricing, and release timing will evolve as phases move forward.
Why buyers are watching this project closely:
- Cupertino has limited new condo inventory compared with demand
- Walkable mixed-use districts often command a long-term desirability premium
- Proximity to major employers can support sustained buyer interest
If you want early notice on any future for-sale release, the best move is to register for updates and be ready with a financing plan before public release windows.
What The Rise May Mean for Cupertino Real Estate
Large projects like The Rise can influence nearby neighborhoods over time. The biggest effects typically come from: new housing supply, new amenities, and changes in how buyers perceive the area’s long-term value.
- Supply & competition: new units can shift buyer demand across nearby condo/townhome options.
- Walkability premium: retail + parks can increase desirability for nearby homes.
- Long-term value influence: major redevelopment can reshape the “story” of an area.
- Infrastructure & schools: traffic patterns, enrollment, and services matter to buyers.
If you’re buying or selling in Cupertino, this is one of the most important projects to watch in the coming years.
Vallco Redevelopment History (Why This Has Taken So Long)
The Vallco site has been at the center of years of planning and community debate. The redevelopment process has included revised proposals, legal challenges, and evolving requirements.
The key takeaway: when you see permit and construction activity, it’s a notable signal—because it indicates the project is moving from “discussion” into “execution.”
FAQs: The Rise & Town Square West
When will construction begin at Town Square West?
Current milestone messaging indicates the first affordable building is on track to begin construction before the end of 2026, following the submitted construction permit application.
How many homes will The Rise include?
The Rise is planned to include approximately 2,669 homes in total across all phases.
How many affordable homes are planned?
Current plans indicate approximately 356 affordable homes across the full project, with 232 affordable homes in the first residential building.
Will The Rise in Cupertino include for-sale condos?
Future phases are expected to include market-rate housing and potential ownership opportunities. Specific product details and timing may change as later phases are finalized.
Who manages the affordable housing application process?
The City of Cupertino is expected to oversee placement procedures for the affordable units using established guidelines.
Get Updates on The Rise (Town Square West)
Want early updates on future for-sale phases, new construction opportunities, and local market implications? Drop your info below and I’ll send you:
- Milestones and timeline updates for Town Square West
- Any announced for-sale condo opportunities
- My buyer-focused breakdown of how this may impact Cupertino condo pricing
Bruce Wagg
Cupertino & Silicon Valley Real Estate
Keller Williams ELEVATE
669-202-8888 | homes@brucewagg.com