Related Articles March 9, 2016 Sunnyvale: Plot of land sells for $186 million, 450 townhomes could come to site The Irvine Company has submitted a plan to the city of Sunnyvale to bring 1,076 housing units to the Advanced Micro Devices campus on Duane Avenue. The move will end the chip company’s 47-year run in Sunnyvale, as AMD is moving to Santa Clara.

According to the project application submitted to the city, the plan for the 34-acre site at 1090 E. Duane Ave. is to build 136 units of for-sale housing, 651 mid-rise apartment units, 289 walk-up rental apartments and possibly a 6.5-acre park. Plans also include 1,954 parking spaces.

The project calls for a mix of high- and medium-density housing, with some three-story and some five-story apartment buildings. No mixed-use or retail components are included in the application.

According to an article on Nasdaq.com, the campus was purchased by Irvine Company from real estate company W.P. Care for $175 million in August. AMD had been leasing the site from W.P. Care.

AMD, which makes computer processors, graphics and visualization technologies, said in an October statement the company is moving to the new Santa Clara Square property located on Augustine Drive near U.S 101 in Santa Clara. Santa Clara Square is an Irvine Company property.

AMD also said the company expects to move employees and equipment to the new property by third quarter this year and be out of the current headquarters by year’s end.

“Building on our 47-year legacy of technology innovation and leadership in Silicon Valley, our move to the Santa Clara Square complex will give us a modern and inspiring work space to continue our leading-edge product development efforts,” said Ruth Cotter, chief human relations officer and senior vice president of corporate communications at AMD, in the October press statement.

Near the end of the year is also when the housing project could go before Sunnyvale’s planning commission and city council for public review, according to Gerri Caruso, a principal planner for the city.

City staff will review the applications and submit comments to Irvine Company and discuss any changes that should be made to the project. It would then undergo environmental review, and an environmental impact report would be crafted.

Transforming the AMD campus from industrial to housing seems to have been in the works for some time. According to Caruso, a developer applied for a General Plan amendment in 2006 to rezone the area from industrial to residential.

Irvine Company also owns the adjacent residential parcel to the west of the AMD campus.