4-Star Hotel, Movies and Offices in Phase 2 of The Village at San Antonio

$600 million—that's the cost of construction developer Merlone Geier expects for both phases of The Village at San Antonio.

And the second phase—which would include a hotel, a theater, two office buildings and street-level shopping on 10 acres—should generate the city $2.46 million in revenue annually. The total project would generate $4 million.

"That's not including the thousands of jobs created and the income that will be 'dumped' back into the community—it's immeasurable," said Greg Geertsen, a development contact. .

To be sure, the Merlone Geier team still has to get it passed a scrutinizing Mountain View City Council who struck down its plan original proposal for an 11-story office building.

In this new proposal, however, Merlone Geier Vice President Mike Grehl explained that they put the office parking underground lowering the height of the two office buildings from 11 to six and four stories.

This, he shared, did raise the cost of the construction, but "the changes address the comments from the City Council and the residents," and the development now complies with the General Plan.

According to Geertsen one of the office buildings could be occupied by a single tenant. The other might have anywhere between two to five lessees.

"This is in response to the growth in Silicon Valley," he said and added the nearby amenities and the San Antonio Caltrain station would attract the companies.

There would also be more retail along California Street to activate the streetscape, so that passersby and commuters "are not just seeing a wall," Geertsen said.

A new eight-screen movie theater, they hope, will alleviate the concerns of residents that the public could peer into their homes. They believe it would also relieve the location from becoming a "weekend desert," since most theatergoers attend between Friday and Sunday. The theater would be located on California Street closer to Pacchetti Way.

Grehl shared that they hoped to attract a movie theater company that would offer entertainment in a new format with adult amenities like beer and wine at a competitive price.

A 165 room, 4-star hotel would be located up Pacchetti Way overlooking the Village Park. While the developer would like to attract a boutique hotel, they have also approached Sheraton and Hilton too.

"The sense is that the city would like a national hotel brand that can offer convention and meeting space," Grehl said.

For the development of Phase 2 Merlone Geier negotiated with and reached agreements with several landowners like the International Market and Barron Park Supply. Barron Park Supply will relocate to another site on El Camino Real.

"We agreed on a fair price and they are happy with it, " Grehl said.

No agreement has been reached with the landowners for Oh My Sushi, Savor Mexicano and The Milk Pail, Grehl added.

Merlone Geier emphasized their goal is to accommodate The Milk Pail in a bigger space. If they could get those landowners to agree, they'd build a gateway like the one at San Antonio Road and El Camino Real on the corner of San Antonio And California.

"We'd like to acquire the entire corner and encompass it into the development," he said though he acknowledge that it may not be possible. "But we need to move the project forward."

Construction could begin in 18-months.

"If everything goes well," Grehl said.

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