K
ylli is moving forward with plans to build a 49-acre urban village in Santa Clara, transforming a site once slated for a Yahoo office campus. The project, known as Mission Point, has secured key approvals from the Santa Clara City Council, led by China-based Genzon Group's San Francisco unit. The development will replace single-story offices and parking lots with up to 1,800 homes, 3 million square feet of office and research labs, 100,000 square feet of shops and restaurants, and 25 acres of parks and open space.

    Of the 1,800 homes, 270 will be set aside as affordable. The project can be adjusted to include up to 2.2 million square feet of offices or add 800 more homes. Construction is expected to take place in phases over a decade. Kylli still needs to finalize plans and secure additional approvals from the city.

    The site was previously zoned for 4.4 million square feet of offices before being sold to LeEco, which later fell into disarray. Genzon's American subsidiary, Kylli, acquired the property in 2017 for an undisclosed price. The developer has scaled back plans since the FAA expressed concerns about potential radar interference from the original design.