SV@Home has been actively engaged in supporting new housing and affordable housing opportunities at this site for years, and we are excited to see the redevelopment of the defunct Vallco Shopping Mall move forward! Learn more.

After more than a decade in the making, Cupertino’s long-awaited mixed-use development, The Rise, is preparing to break ground on its first vertical buildings by fall 2026. SV@Home has been actively engaged in supporting new housing and affordable housing opportunities at this site for years, and we are excited to see the redevelopment of the defunct Vallco Shopping Mall move forward!

Located at the corner of Wolfe Road and Stevens Creek Boulevard, The Rise will deliver over 2,600 housing units, including 890 affordable homes, along with new retail, office space and more than seven acres of open space and parks. The development follows years of community conversations and a number of failed efforts (including two competing measures on the November 2016 ballot, Council cancellation of an approved specific plan, and lawsuits), the City of Cupertino approved a modified application in 2024, allowing construction to proceed.

The Rise is using SB 35, a California law enacted in 2017 that streamlines the approval process for certain multi-family housing developments in areas that have not met their housing needs targets. SB 35 creates a faster and more predictable pathway for developers with projects that include affordable housing, bypassing discretionary review processes. SB 35 requires 50% of the base number of housing units (excluding additional units allowed under State Density Bonus law) to be deed-restricted affordable. The Rise is developed by Sand Hill Property Company.