Bay Area/ San Jose

Cupertino Strip Mall Gets $24.4 Million Flip Into 59 Townhomes

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Published on June 05, 2026
Cupertino Strip Mall Gets $24.4 Million Flip Into 59 TownhomesSource: Google Street View

A long-quiet stretch of Stevens Creek Boulevard is about to trade office supplies for open houses. SummerHill Homes has snapped up a nearly three-acre retail strip at 20840 Stevens Creek Boulevard in Cupertino for $24.4 million and plans to replace the low-rise storefronts with 59 for-sale townhomes. The site sits beside the Crossroads Shopping Center and currently includes a shuttered Staples and two vacant restaurant buildings that the developer intends to demolish.

According to the City of Cupertino's project page, the proposal covers four adjacent parcels (20770–20850 Stevens Creek Boulevard) and would cluster 59 townhome-style condominiums across eight three- and four-story buildings on a roughly 2.97-acre lot. City records show the formal application was filed in July 2024 and has already gone through both the planning commission and council hearings.

The purchase price and buyer were first reported by the Silicon Valley Business Journal. Public title records compiled by PropertyShark show a grant deed recorded March 7, 2025, documenting the transfer of the parcels to the developer.

What SummerHill Plans

The City of Cupertino project description says the townhomes will average about 1,829 square feet and offer a mix of three- and four-bedroom plans with private two-car garages. Many units would feature private decks and roof terraces. The plan calls for roughly 130 off-street parking spaces, multiple common open spaces and a small public plaza facing Stevens Creek intended to activate the street edge.

Approvals and Waivers

City of Cupertino council records show the proposal was considered at hearings in mid-2025 and staff recommended approvals of the development, use and tentative map permits. The council materials note SummerHill is seeking density-bonus concessions and that staff recommended the project be found categorically exempt from CEQA as an infill (Class 32) project.

What Is Next for the Site

With ownership recorded and preliminary approvals in place, SummerHill still has a few bureaucratic hurdles before the bulldozers roll in. The developer must finalize a vesting tentative map and secure building permits before breaking ground. The state's CEQAnet entry lists SummerHill as the applicant and includes project contact details for follow-up on next steps.

Local Reaction and Context

Nearby business owners and housing advocates told city hearings they expect new residents will bring more foot traffic to Stevens Creek, a point proponents repeated during the council discussion. The Greenbelt Alliance has also endorsed the proposal as an example of infill housing that could reduce driving and support nearby shops.

According to The Real Deal, SummerHill's purchase in Cupertino is part of a broader push by local builders to convert underused retail parcels into for-sale townhome communities across the Peninsula. For Cupertino, the project highlights a shift away from low-turnover commercial strips toward small-scale ownership housing close to transit and services.