With the success of Pleasanton Gateway on Bernal and I-680, it looks as though developers have restored faith in Pleasanton’s commercial real estate market. Reported by the Contra Costa Times, the city’s Planning Commission has approved a plan to build 345-apartments accompanied by 39,000 square feet of retail on the vacant 16 acre lot on the corner of Stanley Boulevard and Bernal Avenue. This piece of land was rezoned in 2012 for high-density multifamily development.
As many might remember, Pleasanton had to rezone many areas to meet the city’s regional housing needs after the Superior Court ruling in 2010 overturned Pleasanton’s housing cap.
City Council still has to give final approval of the project.
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