On Friday , Google and real acres group Lendlease called off plans to build 15,000 home plate in the San Francisco Bay Area , as lodging developers continue to croak the tumultuous part .
Google and Lendlease mutually ended a $ 15 billion understanding that was made in 2019 to build residential and retail space in Sunnyvale , San Jose , and Mountain View , where the hunt engine is headquarter . The design for San Jose ’s ‘ business district West ’ included 4,000 affordable homes , office space for 20,000 employees , 300 hotel rooms , and 10 parks .
“ The decision to terminate these agreement follow a comprehensive revue by Google of its real estate investments , and a determination by both organizations that the exist agreements are no longer mutually beneficial given current mart conditions , ” Lendlease said in apress releaseon Friday .
A sign from a San Jose protest in 2017 reads “Welcome to Googleville,” calling for the city to build affordable housing to offset a new Google campus.Photo: Anda Chu/Bay Area News Group (Getty Images)
“ We ’ve been optimizing our real estate of the realm investments in the Bay Area , and part of that body of work is looking at a variety of options to move our development projects forth and deliver on our caparison commitment , ” Alexa Arena , Google ’s Senior Director of Development , told Gizmodo in an email .
San Jose City Council approved Google and Lendlease ’s construction plans for Downtown West in 2021 . The tech giant worked closely with the metropolis and local to develop the community - foster task , agree to apoststill live on Google ’s website .
“ We want our pattern to give something back to the world that was n’t already there , ” Google drop a line on the Downtown West website . The projection was supposed to bolster up a community that has served Google for decades , creating over 5,000 expression jobs and investing in local community . The townships of Santa Clara County , however , never got to harvest those benefits promised by Google .
Construction on Downtown West was paused in April after the destruction form had already begin , allot toCNBC . The project risks becoming a permanent eyesore to the San Jose community , at a prison term when investments ca n’t come soon enough .
San Jose ’s opioid overdoses have tripled since 2018 , accord to theSan Jose Spotlight , and real estate sales in Santa Clara County have throw off 14 % this year , according toNBC . Issues that are , unfortunately , common in California these days continue to dinge the Bay Area , and Google commit investments in the community does not help .
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