For more than 125 years, Los Gatos has shown it knows how to balance the needs of today and tomorrow, without forgetting its historic and agrarian roots.
Now a unique set of circumstances offers Los Gatos residents the opportunity to benefit form a new community that complements the historic town.
It’s called The North 40 — approximate 40 acres of land on the northern edge of town owned by the Yuki family, long-time Los Gatos residents.
The future of the North 40 has been under discussion for more than 20 years. The Yuki family wanted to unlock the potential of their land to help meet the town’s future needs: To Expand the tax base. Help fund schools. Enhance town services. Create jobs. Build a careful mix of new housing and shopping experiences steeped in Los Gatos’ agrarian roots. All to keep Los Gatos’ downsizers and young professionals living, working and shopping at home, in Town.
Summerhill Homes and Eden Housing, trusted local developers, and Grosvenor Americas, which has been creating neighborhoods around the world for 327 years, were chosen to develop a vision for the future of this important piece of land on the town’s outskirts.
We have listened — and are still listening carefully — to what Los Gatos residents expect for The North 40. Working together, we believe we can build a legacy that respects the past, protects the Los Gatos of today and meets the needs of the future.
HEART OF THE DISTRICT
- A specialty market will provide quality artisan products consistent with the Los Gatos lifestyle.
- A walkable neighborhood with cafes, restaurants and personal services will connect the lifestyles of today’s empty nesters and young professionals.
LIVE, MEET, RELAX
- Affordable senior apartments will be located alongside high-end condominiums for empty nesters and homes for young professionals, creating a diverse and sustainable neighborhood.
- Walkable neighborhood-scale retailers, restaurants and cafes will provide opportunities for residents to meet, socialize and satisfy their needs for everyday goods and services.
EMBRACING THE OUTDOOR LIFESTYLE
- Centralized community gardens to come together, learn and grow
- An inviting and warm pedestrian and vehicular corridor will join the existing and new communities.
KEEPING THE NEXT GENERATION IN LOS GATOS
- Homes with media spaces and rooms, open floor plans, loft living and large screen walls for gaming or viewing will meet the needs of millennials.
The North 40 refers to approximately 40 acres located at the southeast quadrant of the intersection of Highways 85 and 17, within the boundaries of the Town of Los Gatos, California. Los Gatos boasts a quality of life unsurpassed in Silicon Valley and perhaps all of Northern California. Approximately 33 acres of the North 40 are owned by the Yuki family, which is now controlled via contract by Grosvenor Americas. The balance of the 40 acres is comprised of existing homes and commercial uses.
Plans for the development of the North 40 have been in the works for over two decades. The Los Gatos Town Council appointed a Commercial Specific Plan Committee in 1989 to study economic development opportunities in areas within the Town including the North 40. In 1993, the Town’s General Plan was amended to state that the North 40 area should be developed with mixed-use commercial including destination retail. In 1999, a draft North 40 Specific Plan was completed to further define the vision contained in the existing General Plan; however, this plan was never adopted. The Town’s current General Plan, which was adopted in September 2010, includes guiding principles for the development of the North 40 which envisions a mix of uses, including residential, designed in a manner consistent with smart growth.
In early 2011, the Town began re-drafting a new Specific Plan for the North 40. A North 40 Advisory Committee was formed, and for the next three years a Specific Plan was drafted. In October of 2013, a Draft Specific Plan was forwarded for consideration by the Advisory Committee to the Planning Commission and City Council. In addition, an Environmental Impact Report (EIR) was commissioned to include the development perimeters outlined in the Draft Specific Plan.
The North 40 Specific Plan was approved on August 4, 2015, to include a maximum of 501,000 square feet of commercial space, including existing uses, and 270 housing units (with a state density bonus opportunity of up to 365 units).
Grosvenor, SummerHill Homes and Eden Housing submitted an initial application in November 2013, which was resubmitted in 2015 following the approval of the Specific Plan. The application respects the years of work that have been done on the North 40 property, the Specific Plan’s Vision Statement and Guiding Principles and the valuable input of local residents, and community and business leaders.