Shopping Center Business

MAY 2015

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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Page 331 of 342

MAY 2015 • SHOPPING CENTER BUSINESS • 327 sustainable philosophies are at the heart of the project's mis- sion. Quay Valley has its sights set on being much more than just a sustainability showpiece: as a residential community, an entertainment destination and a commercial enterprise, Quay Valley aspires to be both literally and figuratively a big deal. The Quay Valley master plan includes a large residential com- ponent (with space for up to 75,000 residents), significant retail, entertainment and hospitality features. Overall, the project will include 25,000 residential units and approximately 20 million square feet of commercial space. Apart from the sheer size of the project, what stands out is the innovative nature of several key design elements and the futuristic vision for a destination that is in many ways a clear departure from current norms. "It seems to me that developers keep running into the same environmental issues in California," Hays explains. "Instead of wrestling with half-measures and accommodation, we thought it would be exciting to build a project using techniques and tech- nologies from around the world—a whole city from the ground up." "Really from the underground up," he adds. "We are running new fiber optic lines, and we have the luxury of not having to deal with constraints from existing dated infrastructure. Everything about the project, from the design, to energy consumption, to water use, has all been done with the goal of leaving as small of a footprint as possible — and since we are powered entirely by solar, residents will have no power bill." It seems clear that technical innovation is Quay Valley's de- fining feature. The project will utilize floating solar fields that reduce evaporation; a water capture, treatment and reuse system that will make it possible to reuse 90 percent of the water used on site; and a network of roads built with materials designed to minimize heat retention and reduce the urban heat island effect. Without a doubt, the most eye-opening technology is the Hy- perloop. This is the next-generation transportation system that will whisk residents and visitors through the project at speeds that may reach hundreds of miles per hour. Built by Hyperloop Transportation Technologies, the five-mile track will be the first working Hyperloop in the world. Culmination of this idea was first proposed by Tesla Motors CEO Elon Musk. The technol- ogy behind the Hyperloop utilizes a vacuum environment to accelerate a passenger capsule at enormous speed through what is essentially a large pneumatic tube. According to Hays, the outside-the-box nature of the project is largely the result of a collaborative design and development approach and his team's willingness to push themselves to chal- lenge long-held assumptions and continuously ask "Is there a better way?" A years-long search concluded in a "summit" of sorts at Harris Ranch in California where more than 30 archi- tects, engineers, environmental professionals, and design and development experts at the head of their field came together for a weekend charrette. The results of those efforts will begin to take shape in 2016, when construction formally begins on infrastructure improve- ments: two new interchanges, as well as roads, walkways and public spaces. Phase one construction is expected to start in 2017, with planned completion by 2018. Quay Valley's first anchor tenants are likely to be announced later this year, but the first phase of the project is designed to showcase the project's planned "destination" status: the center- piece of nearly 2,000 acres of retail, dining, entertainment and Preliminary land use plan for Quay Valley.

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