Four (4) development sites (1.48 ac, 1.07 ac, .54 ac and .43 ac)
One (1) 4,000+/- SF retail shell.
All sites require retail and allow for standalone retail or a mix of uses, including office and residential development. We are specifically looking for retail tenants to support our growing Downtown, such as retail anchor tenants (e.g., a market), a full-service or boutique hotel, entertainment uses and destination restaurants.
The redevelopment of the sites will be able to take advantage of the upcoming $25 million in Downtown public improvements, including a new 275-space parking structure, two new parks, a hilltop trail, and numerous streetscape improvements. Making this development opportunity even better, Morgan Hill has residential allocations free of competition, Sewer Impact Fee Credits, a streamlined process via a Specific Plan and Program EIR, PDA/TOD Designations, not Utility User Tax and limited financial assistance to support retail development.
Publicly accessible surface parking lots are currently located on Site 1 (Downtown Mall) and Site 2 (2nd Street and Monterey Road) and Site 4 (3rd Street and Monterey Road). While some of the existing public parking spaces on these three sites may be replaced within the new public parking garage, new development on all three sites should seek to accommodate adequate parking on site or in close proximity to the site to support future development and continue to offer public parking opportunities throughout the Downtown. Parking adequacy will be reviewed as part of the land use entitlement process for these sites, as well as the other sites addressed within the LRPMP.
Note: Pursuant to California Law, any existing Site 1, 2 and 3 tenants who are displaced may be eligible for relocation expenses. Eligibility and expenses are determined on a case-by-case basis pursuant to an approved relocation plan. Relocation is not addressed in regard to Site 4 since the site is not occupied.
On January 5, 2015, the City of Morgan Hill received proposals for Downtown Development Opportunity Sites from City Ventures for sites 1 and 3 and from Lone Star Development Company for sites 2, 3 and 4.