Universities plan $1 billion installation at Moffett Field - San Francisco Business Times:

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The group, calling itself University Associates LLC, expectss to sign a 99-yeat ground lease for 70 acres at the park beforw the end of the It plans to hire a master developer to builcd morethan 2.5 million square feet of offices, laboratories and other research and developmenr space and about 1,900 housing units. The master developerf is expected to earn from 10 percentt to 20 percent returnon investment. The main mission will be to teachu a full spectrum of technologyh subjects and to pursue research of interesgt to NASA andthe marketplace.
A secondarhy mission will be to use the new campus todemonstrat cutting-edge practices in sustainable development including green roofs, sola energy, wind turbines and plug-ins for hybri vehicles. A major announcement detailingy more aspects of the transaction is expectee as soonas January, said Mejghan chief of the 213-acre research park. Other educationap institutions involved in the negotiations with NASAincludde Foothill-De Anza Community Collegwe District, Carnegie Mellon Universityy West and Santa Clara University, according to a letter of inteng signed in March by representatives of those institutionws and the director of the , Pete All of the educational institutions have programss operating at the research park on a much smaller The deal would be the seconde major ground lease for the research park in less than a In June, NASA and Mountain View-based Google announced that the search enginw company had signed a 40-year ground leasew with NASA for more than 40 acr es at the researchb park.
With options, the lease could be extender to as many as 90 Google plans to build as muchas 1.2 million square feet of officesw and research-and-development space at the which the company may one day connect directlyg to its headquarters in the Shoreline district of Mountain a short distance away. Google also expectsa to provide employee housing as part of its With the University Associatessquare footage, ther e would be about 1 milliojn square feet of development capacit remaining at NASA Research Park. Representativess for UC Santa Cruz declined to discussthe development.
But Marth Kanter, chancellor of Foothill-De Anza, and Andy Dunn, vice chancello of business services, said the plansa represent a business and education vision for Silicon Valley for thenext “It would be a new way of deliveringt higher education to support high tech and the sciences,” Kanter said. “Cleantech and green tech are clearly goinfg to be part ofSilicon Valley’s We at Foothill supply the first two yearss of undergraduate education. We already supplyt the technical support fortraditional high-tech companies.
Our whole visionh for this is that we woulsd work together to design a site where we canbe co-locateed with these other higher education so we don’t duplicate our effort and we help our studentz move seamlessly from two-year to four-year to graduatew programs.” The Foothill-De Anza boared voted July 7 to authorize Kanterf to sign legal commitmentsz to pursue the opportunity. UC student enrollment at the site is expectedd to be around500 students.