The developer of a massive residential, office and retail development at the former Vallco shopping mall in Cupertino is reducing affordable housing by 60% and office space by 25% to make the project “financially feasible.”

Sand Hill Property Company delivered a revised plan to Cupertino’s city manager Nov. 26, the day before Thanksgiving, and the city has 60 days to respond. Construction of the first buildings at the project, called The Rise, is expected to start early next year.

The controversial project — which has gone through almost a decade of litigation, referendums, revisions and lobbying in Sacramento — is crucial to Cupertino meeting goals for new housing mandated by the state. Those goals will be harder to achieve with the reduction in affordable homes at The Rise.

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