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| Hacienda is a mixed-use planned unit development (PUD) of distinction and quality. At 854 acres, Hacienda is the largest such development in Northern California and has been selected as one of the world's top 10 mixed-use business parks by Site Selection magazine. Located near the junction of two Interstate freeways (I-580 and I-680), Hacienda is about halfway between San Francisco to the northwest and Silicon Valley to the southwest. Hacienda's central location makes for easy access to all of the Bay Area's commercial centers and the region's largest labor pool. As currently zoned, the park will contain approximately 11 million square feet of office, R&D, commercial and residential space. Construction of the park's infrastructure began in 1982, and the first office building was completed in August 1983. All infrastructure improvements for Hacienda are complete, and over eight million square feet of space has been developed to date. Land uses allowed by the PUD include 4 & 5-story mid-rise office; 2 & 3-story garden office; 1 & 2-story "office/flex", 16 units/acre residential development and retail/commercial development. The market area in which Hacienda competes depends on the size of the user. For the largest user, the market area could include much of the San Francisco Bay Area and Sacramento. However, most of Hacienda's competition is within the regional market known as the Interstate 580/680 Corridor. Hacienda is located at the center of this corridor one-half mile from the intersection of these two freeways. The core of the Interstate 580/680 Corridor encompasses the San Francisco Bay Area suburban communities of Pleasanton, San Ramon, Livermore, Dublin, Danville and Alamo. The two largest business parks in Northern California, Hacienda and Bishop Ranch, are located in this market and are separated by seven miles. The Interstate 580/680 Corridor has benefitted from some of the largest corporate relocations in the United States: Pacific Bell, 2.2 million square feet; Chevron 2.0 million square feet; and, AT&T, 1.6 million square feet. The Interstate 580/680 Corridor is also expected to have the most rapid growth of labor force of any employment center in the Bay Area through the year 2010. The supply of housing will remain attractive because of the availability of residentially zoned land immediately adjacent to Hacienda. Additionally, the area surrounding Hacienda has the largest supply of untapped labor of any employment center in the Bay Area. |
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Last modified: August 13 2012 08:29:50 Copyright © 2013 HBPOA |
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