{"id":442428,"date":"2026-08-24T23:30:13","date_gmt":"2026-08-24T23:30:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/442428\/"},"modified":"2026-08-24T23:30:13","modified_gmt":"2026-08-24T23:30:13","slug":"developer-eyes-100-plus-homes-on-south-bay-site-owned-by-tech-company","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/442428\/","title":{"rendered":"Developer eyes 100-plus homes on South Bay site owned by tech company"},"content":{"rendered":"

\"FortinetFortinet headquarters building at 909 Kifer Road in Sunnyvale, seen in September 2025. (Google Maps)\u00a0<\/p>\n

SUNNYVALE \u2014 Fortinet has spent nearly $400 million in a shopping spree for South Bay sites in recent years, but one of the company\u2019s real estate acquisitions might find a new mission as a housing development.<\/p>\n

City Ventures seeks to develop 137 townhouses, including some affordable units, at 1484 Kifer Road in Sunnyvale, a site that Fortinet bought in 2021 for $44 million<\/a>, according to Santa Clara County real estate files.<\/p>\n

Fortinet has spent $398.7 million to buy numerous properties in Sunnyvale<\/a>, primarily next to or near the company\u2019s new headquarters at 909 Kifer.<\/p>\n

Including the $225.2 million that Fortinet paid for sites in Union City, the cybersecurity company has spent $623.9 million for properties in the Bay Area.<\/p>\n

The potential City Ventures<\/a> housing development is several blocks away from what has emerged as Fortinet\u2019s current focal point of interest, a large site across the street to just east of the company\u2019s headquarters.<\/p>\n

The housing project would be roughly 0.75 miles from the Lawrence Caltrain Station.<\/p>\n

An existing industrial and commercial building totaling 96,400 square feet would be bulldozed to clear the way for 13 structures with a series of two-story townhomes, project plans show.\u00a0 The townhomes would be built on a 4.4-acre parcel at the corner of Kifer Road and Uranium Drive.<\/p>\n

Of the 137 townhouses, just over 20%, or 28 units, would be affordable residences, according to the City Ventures proposal. The real estate firm seeks to use provisions of Senate Bill 330 to gain streamlined approval of the development.<\/p>\n

\u201cThe unit mix consists of four one\u2011bedroom units, four two\u2011bedroom units, and 129 three\u2011bedroom units,\u201d documents on file with city planners show.<\/p>\n

Unit sizes range from 478 to 2,105 square feet. The average unit size is 1,280 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"Fortinet headquarters building at 909 Kifer Road in Sunnyvale, seen in September 2025. (Google Maps)\u00a0 SUNNYVALE \u2014 Fortinet…\n","protected":false},"author":2,"featured_media":442429,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[380,184,387,7,8,1335,383,1011,1337,1533,181,23,100,182,388,88,90,89,198,94685,200,203,1970],"class_list":["post-442428","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-affordable-housing","tag-bay-area","tag-business","tag-california","tag-california-news","tag-development","tag-economy","tag-housing","tag-housing-development","tag-keywee","tag-latest-headlines","tag-local-news","tag-news","tag-pm-report","tag-real-estate","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news","tag-santa-clara-county","tag-social-alert","tag-south-bay","tag-sunnyvale","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/442428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=442428"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/442428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/442429"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=442428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=442428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=442428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}