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 | Jun 3, 2019
12-story mixed-use development opens in Washington, D.C.
Cooper Carry designed the project.
Mixed-Use | May 28, 2019
Broward County Convention Center expansion to include Headquarters Hotel
Omni Hotels & Resorts will manage the County-owned hotel.
Mixed-Use | May 23, 2019
237-room hotel will anchor Nashville’s new $540 million mixed-use development
Chartwell Hospitality will operate the hotel.
Mixed-Use | May 15, 2019
Puerto Rican mixed-use, mixed income housing development begins construction
Álvarez-Díaz & Villalón designed the project.
Mixed-Use | May 14, 2019
Mixed-use community breaks ground in Greenville, S.C.
The Beach Company is developing the project.
Mixed-Use | May 9, 2019
Development builds on success of Chicago’s River North
One Chicago will further enliven upscale, artsy area.
Mixed-Use | May 3, 2019
The Colorado Rockies get into the sports-anchored development game
The project is currently under construction across the street from Coors Field.
Mixed-Use | May 2, 2019
A series of green bridges will connect these two towers in Shenzhen, China
Steven Holl Architects designed the project.
Mixed-Use | Apr 26, 2019
Miami’s 7-acre Link at Douglas breaks ground
The project will be built in phases over the next five years.
Mixed-Use | Apr 7, 2019
Chicago-area joint venture antes up $1 billion for Opportunity Zone development investment
Decennial Group says it’s looking at 250 potential projects, primarily in America’s heartland and rural areas.
