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Google approves building multi-billion dollar megacampus in San Jose

City officials in San Jose officially approved Google’s plan to build a large campus in the heart of California’s third-largest city on Tuesday night.

In that “Downtown West” project, Google Develop 80 acres of land in downtown San Jose. This includes 7.3 million square feet of office space for 20,000 workers and thousands of residential units. This is Google’s first multipurpose campus and will be one of the largest campuses when completed.San Jose City Council unanimously approves the company plans On Tuesday evening, several council members held back tears while doing so.

Approval is obtained because Google is aiming for modeling. shift Stay away from closed tech campuses and stop the growing sense of alienation of tech companies. The success of tech companies has contributed to the lack of affordable housing and the major cultural changes in Silicon Valley and other technology hubs. Google, Double As the pandemic weakens, we have another big plan to bring workers back to the office. Town-like hub It’s just 10 miles up the mountain view road.

“There was a great deal of distrust of the government and suspicion of Big Tech, and it may have been easy for many community members to succumb to slogans and simple thoughts,” San Jose Mayor Sam Liccardo said at a meeting on Tuesday. Thousands of people shook their heads. ” “Rather than jumping into a camp, community members pushed and rushed, urging the city and Google to stretch to reach higher heights.”

Rickard went on to thank the community group, Google, and the parent company Alphabet’s financial officer, Rusporat and SVP Kent Walker.

“We would like to thank the city and the community for their long-standing involvement and true partnership,” Google’s director of development at San Jose, Alexa Arena, said in a statement Tuesday night. “Together, we have laid the foundation for a fair and environmentally focused place that represents the best of San Jose and Google.”

The Downtown West Campus includes 4,000 homes, of which 1,000 are designated as “affordable” homes. In the city of San Jose, the “very low income” qualification (the lowest range of low income housing) earns 30% of the average middle income. The exact home price has not yet been determined, officials said.

Downtown West also includes up to 300 hotel rooms and 800 residences for short-term stays for Google corporate guests. Google owns all 80 acres, but more than half of the project is allocated to residential and public spaces, including features such as parks, restaurants, retail spaces, entertainment spaces, and ecological viewing stations.

Construction of the project may begin as early as next year, but it is expected that it will take 10 to 30 years to be fully constructed.

4 year trip

Downtown West approval faced early after four years of planning, coordination, and support from community and housing advocates. Fierce Pushback Due to displacement concerns. Within a week of breaking news in 2017, home prices with a radius of 3 miles on the site According to real estate, it surged 7% and grew to 25% six months later. Expert..

The company reached the last minute on Tuesday night while the San Jose City Council was still in progress. Coping Along with the NHL team, San Jose Sharks, the loudest opponent of Google’s plans, complained about the lack of home parking in the nearby SAP Arena. In exchange for the change, the shark agreed not to sue the city or Google.

The Santa Clara County Airport Land Use Commission rejected the project in December. Quote concerns about building height Although in the path of the airport, a unanimous vote of the city council overturned the committee’s veto.

Google’s Chief Legal Officer and Global Affairs SVP, Kent Walker, joined California Governor Gavin Newsom last week. Hosted Signed Senate Bill 7 at Downtown Westsite. This will benefit from legislation that speeds up large-scale real estate development.

Google will pay more than $ 1 billion for infrastructure features such as parks, sidewalks, and historic site preservation, with the exception of office space. We will also pay about $ 265.8 million in land and infrastructure fees and $ 200 million in “community interests.” This includes evacuation prevention programs and employment preparation programs. A spokeswoman for one company said it was too early to estimate the cost of the office.

In a statement, Alexa Arena said, “We are particularly proud of the community fund created in collaboration with local social equity organizations to comment on where to invest in communities in underserved communities. There are. ” According to Arena, the company has held more than 100 community feedback sessions.

Arena Said After years of back and forth with the community at the end of last year, the company’s goal was to “much fewer corporate campuses” and a more “resilience area.”

Google approves building multi-billion dollar megacampus in San Jose

Source link Google approves building multi-billion dollar megacampus in San Jose

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