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A strip mall at the bustling corner of El Camino Real and San Antonio Road is now up for sale with an asking price of $42.5 million. The site known as the World Savings Plaza is currently being leased by CVS, Sprouts Farmers Market, Wells Fargo and several other commercial tenants.
The commercial brokerage firm Marcus & Millichap announced the sale of the 2.8-acre site last week. The call for offers will close on Oct. 12.
The sale comes at a time of rapid development for the San Antonio neighborhood. Right across the street, developer Merlone Geier is nearly finished its years-long effort to transform the sprawling San Antonio Shopping Center into an upscale mall with a mix of retail, office and residential units. More than 2,100 new apartments and 1.1 million square feet of commercial space are being planned for the area, according to Marcus & Millichap.
—Mark Noack
Oh goody, another development. I truly hope that it will be reviewed by a planning commission/city council that displays better taste than those who authorized the monstrosity across on the other corner of ECR/San Antonio. Every time I approach it coming down SA from Los Altos I ask myself who in heaven’s name designed this thing. My son says that “they” probably wanted to create another Santana Row but failed miserably. The Payless store’s plant and flower display that one used to see was definitely more pleasant than what is there now. Not that the apartment buildings are any better, they look like tenements not quite like those of the former Soviet Union but close.
swissik, go back to Los Altos.
And we fought to prevent Home Depot from taking that property. Mountain View promised that this would be the gateway to Mountain View. Instead we got the backdoor and these definitely are not your Santana Row caliber of stores.
Agree with swissik: that new San Antonio complex is a developer’s wet dream but a gross place to visit or even navagate. No attempt was made *at all* to make it a pleasant destination for local residents. It just seems to be a giant concrete complex designed to maximize the amount of leaseable space while minimizing anything green, or even appealing. Commodification over community.
Los Altos School District should bid the property for a new elementary school. It is at the exactly right location for the new school.
Glad to read this. The strip mall is old and outdated. The discounted alcohol at CVS draws a lot of shady characters. The ADA ramp from El Camino to CVS effectively renders useless a large section of parking lot. Almost anything different would be an improvement. Sprouts is the only redeeming tenant they have.
When I drive down that stretch of San Antonio, I’m proud to live in this city.
For sale but how long are the current lease for? Sprouts just opened a few years ago. 10 -20 year lease? CVS may not be as safe
This property is not in one of the incentive areas where the developer can develop either 1.85 FAR or 2.35 FAR by giving perqs to the city. It can’t transfer development rights in the LASD deal, so LASD would need to pay the whole $42 million. Its also too small for any sort of school use, and in a LOUSY location on the corner of two massively busy 6 lane roads roads. It’s also real close to the spot on the Egan site that has housed an elementary school for the last 16 years, on about 8 acres of land in Los Altos at the corner of 4-lane San Antonio and 2 lane Portola.
@m2grs above. I agree with you. Is there enough room on that parcel for the MV Whisman SD to build its elementary school? Still, do we really want an elementary school at such a heavy traffic intersection? It would be really hazardous for kids on foot and on bikes, and a total traffic nightmare for parents in cars. After writing this, reality has set in and tells me NO. Still, an idea worth examining.
I miss Tower Records. Make way for more rainbows. Cast him out, Micheal
@m2grs- I think it would be a terrible idea to put a school there. Schools are probably never zoned near commercial areas, although it’s ironic that there are preschools at strip malls these days, but then again those are private establishments. Schools should be zoned in an area where traffic doesn’t exceed 25mph to ensure that the children have a safe area to walk to and from home as well as in a quiet area to concentrate as well.
Most likely this is going to turn into another modernized strip mall. Light commercial would be best for this area. Why not add a Sonic’s Burger? Something new and fresh that the area doesn’t already have.
Why not add a Sonic? Um, how about because it is some of the unhealthiest fast food in the industry? Sonic could set up shop anywhere and they choose to stay out of the core Bay Area because their stores wouldn’t do well here. You know where you find lots of Sonics? The central valley.
More than likely, this property is going to be redeveloped for condominiums, just like the rest of El Camino.
If this became a Los Altos School District School, then would El Camino and San Antonio have to abide by the same 15 mph speed limits 500 feet before and after the at the other Los Altos schools?
The Los Altos school traffic on my street backs up for blocks every morning and worse in the afternoon as cars park and wait for their kids. Whatever happened to school buses?
Agree with Swissik. The opposite corner is not even close to Santana Row, Can you imagine Safeway as an anchor store at Santana Row? And the retail offerings are a joke, jeweler, mattresses and financial services, how about Anthropologie, Williams Sonoma and Books Inc?
No park? Rengstorff park is a few blocks away and it is huge. There is a dog park there at the new shopping center,and adjacent to it is a small park with grass.
Also the Safeway is a hot spot for the homeless to hang out and use wifi, so they’ve done more for them than the city has
…oh and there are also two smaller parks, one on Del Medio with a playground and a bigger one with playground at California and Ortega…
I say tear it all down and build 1000 section 8 housing apartments.
Then let Mountain View allow Pot shops to open all over the city for the medical community.
Then Let’s bring cheech and chong down and hold concerts all day and call it “days on the green”.
It’s so sad that Bob’s adult daycare is letting him have access to a computer again. Did your two friends named Steve put you up to this, Bob? It’s really disheartening when our elderly neighbors get like this.
Traveled out there for many years on business. Always enjoyed the food court at the mall (1980). I couldn’t wait to get to San Antonio Hobby. Sad to see everything changing.
There is no park in that area, the city of MV should buy the lot and convert it to a public park. Sprouts can stay for the remainder of the lease, everyone else must go.
Rengstorff Park is not a few blocks away, it’s nearly a mile away! Also thanks to the non-enforcement of existing laws, Rengstorff Park is quickly becoming a park where nobody wants to visit due to rampant sewage dumping, drug use and prostitution.
Mountain View has always had a bit of an identity crisis. As hard as this city tries, it has not yet developed a clear, cohesive landscape. Rather, the city continuously accommodates to what seems most accessible, at the moment.