✨ Fun fact! The Google San Francisco Office was built in 1940 and fully renovated in 1989, it spans an entire city block!
This 6-floor office is located in the Rincon Center, right in front of the waterfront.
#GoogleSanFranciscoOffice
“Lendlease struck the $15 billion deal with Google in 2019 to develop four Silicon Valley campuses on land the company owned in San Jose, Sunnyvale and Mountain View over a 10 to 15-year period. The largest of those projects includes the $1 billion, 80-acre Downtown West proposal that marked the tech company's most expansive real estate investment to date.
Downtown West, approved by San Jose city officials two years ago, has been expected to accelerate the revitalization of a downtown that has struggled with office vacancy and has seen little ground-up office development in about a decade. The long-awaited development was cleared for 7.3 million square feet of office space; 4,000 housing units; 300 hotel rooms; 500,000 square feet of retail space; and 15 acres of open space and parks.”
#google#realestatedevelopment#commercialrealestate
What I Read This Week...
-**Google is Leaving SF**: Google has decided to vacate its office tower in San Francisco, marking a significant shift in its operational footprint within the city. [Read more](https://lnkd.in/dVDjgG63)
- **Omega is Leaving SF**: Another iconic name, Shreve & Co., is also leaving San Francisco's Union Square, signaling changes in the retail landscape of the area. [Read more](https://lnkd.in/dHEAWjU9)
- **Decoding Neuronal Variability: Bridging Shape and Behavior**: A fascinating study that delves into how neuronal variability can be decoded to understand the relationship between neuronal shape and behavior. [Read more](https://lnkd.in/dYnaSmbf)
What a time, what a time! Sounds like it’s time to bring some new ideas into San Francisco.
Headlines Today For San Francisco, Google Renews 54% Less Space…
Google just renewed its lease at 215 Fremont Street in downtown San Franciso, downsizing from 140,000 sf to 64,000 sf. It could have been worse, they could have vacated entirely! In the same Bisnow release, The Royal Bank of Canada appears to be taking back 82 San Francisco apartment buildings owned by Goldman Sachs and Ballast Investments. On the other hand, good news for pet owners who want to work in a coworking space with their buddy. The Hub by Pack Animals is opening a pet-friendly dog training and dog-friendly coworking in downtown San Ramon, with each on a separate side. Maybe they can train dogs to do data entry and work with AI tools…#OfficeSpace; #CoWorking; #SanFrancisco; #foreclosure; #Google
Most of the news about office space is negative.
But amidst the negative press, two positive pieces of real estate news surfaced in my e-mail this morning.
1. Google's 1.3M sq. ft. office at St. John's Terminal opened on Wednesday. Starting next week, this will be the office for 3,000 (lucky) Google employees.
2. Construction has fully topped out on J.P. Morgan's new headquarters under development at 270 Park Avenue. This 60-story building is 2.5M sq. ft. and will have the ability to house 15,000 J.P. Morgan employees when it opens in ~2026.
Both of these projects are extremely noteworthy and massive real estate undertakings involving significant financial resources and personnel. I can't wait to tour both buildings sooner rather than later... if you work in real estate or are even just slightly interested by it, these two buildings are ones to see.
#commercialrealestate#realestate#officespace#development
📢Google and Lendlease Cancel $15 Billion Silicon Valley Real Estate Project 🏢
Google and Lendlease have scrapped their $15 billion real estate venture in Silicon Valley. The move prompts reflection on the impact on the real estate sector of increasing office vacancy rates and a substantial reassessment of workspace strategies after the pandemic.
The ambitious project was originally designed to create 15,000 new homes and revitalise the regions of San Jose, Sunnyvale, and Mountain View. The vision entailed the construction of a vast complex encompassing over 15 million square feet of office, residential, retail, and other spaces.
This cancellation follows Google's earlier move to sublease 1.3 million square feet of office space, reflecting the broader trend of streamlining real estate portfolios.
#google#realestate#usa#siliconvalley
Google Renews Lease, Affirming Ongoing Investment in Silicon Valley's Office Landscape
Alphabet-owned Google has demonstrated a shift in its real estate strategy by renewing the lease for a substantial office space near its global headquarters in Mountain View, California. The renewal encompasses nearly half a million square feet at the Alta Plaza campus, easing concerns within Silicon Valley's real estate sector regarding potential further reductions in Google's footprint. This move comes as Google enforces stricter in-office mandates, indicating a departure from the trend of substantial real estate downsizing the company has undertaken in recent times.
The leased space is spread across three buildings at 1900, 1950, and 2000 Charleston Road, initially occupied by Google in 2008, with subsequent expansions over the years. While specific terms of the renewal agreement remain undisclosed, this commitment signifies a boost of confidence in Silicon Valley's office market, countering the prevailing trend of significant portfolio reductions among major tech occupants in response to economic concerns.
Google's recent real estate actions have included offloading substantial office space and implementing workforce reductions, reflecting a shift in priorities towards profitability over rapid expansion. However, despite these adjustments, Google maintains a significant commercial footprint in the San Francisco Bay Area and remains steadfast in its commitment to prominent projects, including the $1 billion Silicon Valley initiative centered around Diridon Station in San Jose, California.
#Google#SiliconValleyRealEstate#TechIndustry#OfficeSpace#RealEstateRenewal#MountainView#AlphabetInc#CommercialLease#BusinessNews#WorkspaceCommitment#AltaPlazaCampus#CorporateRealEstate#EconomicTrends#FutureOfWork#TechGiant
Today marks the grand opening of St. John's Terminal, Google's newest NYC HQ. Originally built by the New York Central Railroad, the site once served as the southern terminus to the High Line. As part of the urban transformation journey, Google has revitalized this former freight terminal into an impressive 1.3M sq ft workspace.
The building stands out for its energy efficiency, having earned the LEED Platinum green building standard. Its environmental design includes a large array of solar panels reducing grid reliance, stormwater retention systems, and about 1.5 acres of native vegetation that supports local birds and insects.
Overseen by COOKFOX Architects, the renovation preserves the site's historical essence while infusing it with modern, high-tech office features.
Now home to over 14,000 Google employees - a figure that has doubled since 2018 - the terminal is built to inspire innovation and collaboration. It boasts shared neighborhoods, communal spaces, and areas dedicated to clients and partners.
Take a closer look at this blend of past and future by checking out the video below. Very exciting to see St. John’s Terminal emerge as part of New York's urban renewal, seamlessly merging historical legacy with the future of work.
#nycrealestate#commercialrealestate#google#futureofworkplace