Lendlease announced it has entered into an agreement with Google to jointly undertake the master planning, entitlement, and development of three areas in the San Francisco Bay Area.
Over the next 10 to 15 years, the two companies will work together to redevelop Google’s landholdings in San Jose, Sunnyvale, and Mountain View. Lendlease estimates it will develop 15 million sf of residential, retail, hospitality, and associated community uses in the new neighborhoods. Additionally, Google will focus on developing its office space within these communities.
“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,” said David Radcliffe, Vice President, Real Estate and Workplace Services, Google. “Lendlease will play a key role in helping deliver at least 15,000 new homes on our land.”
The residential, retail, hospitality, and other civic components have an estimated end development value of $15 billion. Development could begin as early as 2021.
Related Stories
Mixed-Use | Jan 5, 2022
Waterfront Station II breaks ground in Washington, D.C.
The mixed-use project will include 30% affordable housing.
Mixed-Use | Dec 21, 2021
Riverside Wharf will be Miami’s newest entertainment complex
Cube3 Architects is designing the project.
Mixed-Use | Nov 11, 2021
New mixed-use development breaks ground in Miami Beach
Domo Studio is designing the project and Origin Construction is the general contractor.
Mixed-Use | Oct 22, 2021
40 West 12th residential tower opens in Atlanta’s Midtown neighborhood
The project is part of the 1105 West Peachtree Development.
Multifamily Housing | Oct 20, 2021
Sacramento’s first luxury high-rise rental residences announced
Southern Land Company is developing the project.
Mixed-Use | Oct 19, 2021
Manhattan tower would be the first skyscraper built by a largely black development team in the city’s history
Adjaye Associates is designing the project.
Mixed-Use | Oct 11, 2021
Manhattan West opens the heart of New York City’s Far West Side
The project links several New York neighborhoods.
Mixed-Use | Oct 5, 2021
Ground-up mixed-use building completes near Wrigley Field
Hirsch/MPG Architecture + Planning designed the project.
Mixed-Use | Sep 30, 2021
The Laurel Rittenhouse Square is set to be Philadelphia’s tallest residential tower
Solomon Cordwell Buenz designed the project.
Glass and Glazing | Sep 30, 2021
Plans move forward on Central Place Sydney, duel towers with an AI-driven façade system
SOM and Fender Katsalidis are designing the project.
