Google partners with Australian developer on massive San Francisco real estate project
Added 07-18-19 03:04:02pm EST - “Google is partnering with an Australian real estate developer to complete its plan to build housing and other developments through the San Francisco Bay Area.?” - Foxbusiness.com
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Google is partnering with an Australian real estate developer to complete its plan to build housing and other developments through the San Francisco Bay Area.
The tech giant’s agreement with Lendlease is expected to become a $15 billion development that will include homes, shops and hotels built on land owned by Google in three Bay Area communities: San Jose, Sunnyvale and Mountain View.
The project could begin as early as 2021, according to a press release, and could cover approximately up to 15 million square feet, Landlease estimates.
“Today's agreement expands on an existing and successful partnership that will help us deliver on two important objectives: our commitment to accelerate the production of residential units in the Bay Area, and our plan to build mixed-use developments,” David Radcliffe, Google’s vice president of real estate and workplace services, said.
This new agreement is part of Google’s $1 billion investment to help boost housing in the area, which CEO Sundar Pichai announced in June.
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