New Industrial Project Crosses the Finish Line and Establishes another Major Silicon Valley Connection
Jul 10, 2015
Regular followers of Think Silicon Valley East may recall a blog post last year contributed by Overton Moore CEO Timur Tecimer. In it, he discussed plans for their large industrial development project and why he is so bullish on Fremont. This week, we celebrated the completion of The Crossings @ 880 and the corresponding extension of Fremont Boulevard to Dixon Landing Road.
The Crossings is a 691,000 square foot Class A industrial development that was built on a speculative basis. All three buildings were pre-leased before construction completed, which speaks to the strong demand for high quality space amongst corporate users looking to establish a high-identity location. The prominent visibility along the I-880 works well for distribution users who want immediate freeway access to infill markets within the San Francisco Bay Area. The project is one of the largest speculative industrial projects built in the Bay Area in the last 15 years.
Equally encouraging is the tenant mix, which includes Apple, Pivot Interiors (an office furniture distributor), and the first Northern California store for Living Spaces, a well-known furniture retailer from Southern California. The fact that the Crossings has already attracted a global tech giant, a traditional warehouse operation, and a retailer just goes to show the flexible nature of the space.
A critical component of the development is a three-quarter mile extension of Fremont Blvd from its existing southerly terminus to Dixon Landing Road. The extension includes:
- 2 vehicular lanes and a bike lane in each direction
- 2 bridges over an Alameda County Flood Control Channel and Scott Creek; and a low-flow bypass culvert for Scott Creek
- A 9-foot bay trail on the west side and a 5-foot sidewalk on the east side
- Signal modification at the intersection of Fremont Blvd and Dixon Landing Road
The estimate for construction of the street extension is approximately $12 million. The extension provides a long-awaited connection to the rest of Silicon Valley for the Bayside area of Fremont’s Innovation District. With significant employment concentration in this area, including emerging technology startups and large anchor companies like Lam Research and Delta Products, this connection more easily facilitates workforce commuting and enhances business-to-business connections with other parts of Silicon Valley.
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