Source: eastbaytimes.com | Re-Post MNM Partners, LLC 4/4/2018 –
Google has struck a deal to buy a big parcel from Trammell Crow that represents a major addition to the sites which the search giant has begun to assemble for its proposed transit-oriented development in downtown San Jose, the company confirmed Tuesday.
City officials have approved the 8.5-acre site for 1 million square feet of offices in a pair of towers, along with a residential tower containing 325 housing units, and 35,000 square feet of retail, including ground-floor shops and restaurants, according to a leasing brochure circulated by CBRE, a commercial realty brokerage.
Despite gaining approvals, Trammell Crow has yet to begin construction on the property. Mountain View-based Google’s purchase of the development site underscores the technology company’s widening interest in a major presence in downtown San Jose.
“This confirms that Google is serious about downtown San Jose,” said Bob Staedler, principal executive with Silicon Valley Synergy, a land-use and planning consultancy. “Google really appears committed to a major project downtown.”