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Board approves amendment to transfer‑of‑development‑rights sale tied to San Antonio Center project
Summary
Trustees approved an amendment assigning 150,000 square feet of transfer-of-development rights (TDR) to a developer tied to the San Antonio Center Phase 3 project; staff said the amendment follows a planned sale between Malone Geier and Brookfield/Orion and is contingent on city approvals.
The board approved an amendment to a transfer-of-development-rights (TDR) purchase-and-sale agreement, assigning 150,000 square feet of development rights connected to the San Antonio Center Phase 3 project and an Orion/ Brookfield development in Mountain View.
Key facts presented: Staff said the original agreement dated…
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