New PeopleSoft Project, Hotels and More to Open as Major Development Continues in Hacienda in '98

By Hacienda Pulse Staff Writer

Sierra Suites Hotel

Summerfield Suites Hotel

With over 500,000 square feet either currently under construction or ready to break ground, development is continuing at a brisk rate in 1998 in Hacienda. Seven different projects, ranging from office space to hotels to a major apartment complex, are scheduled to see major activity this year.

Here is a survey of projects either planned or under development in Hacienda:

PeopleSoft Campus

The largest of the projects is the new PeopleSoft facility, a 382,000 square foot complex which will house 1,400 employees of the burgeoning company.

"They'll be moving in over four months, beginning in mid- to late-March and continuing through August," says real estate consultant Brian Griggs of Griggs Resource Group.

The building will see the most use from the software development groups of the company.

"There will be a very extensive computer facility, with an equally extensive backup capability," says Griggs. "It's important that the develop ment people have access to technology and infrastructure support."

The building will also house PeopleSoft's corporate visitor center, where prospective customers will be able to view PeopleSoft's software running on a variety of platforms and configurations. "The performance lab will allow customers to see the software in use on systems identical to those in their own facilities," says Griggs.

A large cafeteria and small fitness center round out the amenities.

New Credit Union Facility

First United Services Credit Union recently received approval to build their new corporate office at the corner of Willow and Gibraltar. The 20,046 square foot facility, which will also contain a branch, is expected to be completed in October.

The credit union currently has its headquarters in Hayward, but sees Hacienda as a key location for their future growth.

"We have a large membership in the Pleasanton area, and we know that not only are the city and county growing in that area but also that there's a lot of potential for future membership in the surrounding businesses," explains David Wood, vice president of marketing.

The credit union, which began serving city and county employees, now admits certain companies as well. They currently have 11 branches in Alameda County and three on military bases outside the county.

New Garden Offices

Also new on the development horizon is a 24,260 square foot garden office facility with below grade parking on Willow Road between the Four Points Hotel and Arby's.

Groundbreaking on this project is planned for April, with occupancy in November.

"Because we put parking below grade, it opened up more space for landscaping," says John Hyjer of ADG Development.

No tenant has been announced for the project at this time.

Sierra/Summerfield Suites

Due to be completed early this year are the Sierra Suites Hotel and the Summerfield Suites Hotel. Under the current schedule, the two should be finished in March and April, respectively.

The two extended stay hotels, on Chabot Drive at Inglewood Drive, are designed for those staying five nights or more, typically relocating executives, business people attending training sessions, or those on temporary work assignments.

Summerfield, which will feature 128 rooms, is a full-service hotel, while the 113-room Sierra is a moderately priced extended stay hotel.

Britannia VII

Britannia Development will continue with their well-received series of projects with Britannia VII, a 70,425 square foot facility off Coronado Lane, just behind the new ProBusiness headquarters, another Britannia development.

Groundbreaking has not yet been scheduled for Britannia VII.

Rosewood Apartments

As announced in October, the 540-unit Rosewood Apartment Homes will begin construction on 23 acres off of Owens Drive.

Grading is scheduled to begin in April, followed by installation of underground utilities, paving, curbs, and gutter. Structural work will begin in July, with the first of the 26 apartment buildings to be completed in early 1999. The entire project is expected to be completed in the first quarter of 2000.

The project, developed by Security Capital Pacific Trust of Hayward, is designed as an upscale, garden-style apartment community with site planning and recreational amenities designed to accommodate singles as well as families. The apartments will be placed in a series of three-story buildings grouped around landscaped courtyards.

The complex will also include a recreation area with two pools as well as access to two new public parks to be built in conjunction with the project. The two parks will contain a tot lot and a large area designed for active uses such as soccer, basketball, and other sports.

Also in this issue ...

January Hacienda Development Update 98