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 | Mar 21, 2017
Studio Gang commissioned to design its first Canadian building
The project will be a mixed-use tower at the southwest corner of Yonge and Delisle in Toronto.
Retail Centers | Mar 9, 2017
When everyone shops online, what happens to mixed-use retail?
NBBJ’s David Yuan explains how changing retail trends are creating new opportunities for urban experiences and public space.
High-rise Construction | Mar 3, 2017
Detroit's tallest tower to rise at site of former J.L Hudson's Department Store
SHoP Architects and Hamilton Anderson Associates will design the 52-story building.
Mixed-Use | Mar 1, 2017
New hotel and residential tower coming to San Francisco’s Transbay neighborhood
The ground-up development will feature 255 hotel rooms and 69 residential units.
Mixed-Use | Feb 27, 2017
Tallest tower in Miami to begin construction in January 2019
The tower will reach a height of 1,049 feet, the maximum height permitted by the FAA in Miami.
Mixed-Use | Feb 23, 2017
5-tower scheme revealed for Zhengzhou, China
The towers will vary in height and emerge from a shared retail podium.
Mixed-Use | Feb 22, 2017
Hunt Development Group selected to spearhead Cabrini-Green redevelopment
The Chicago Housing Authority selected the firm to develop mixed-income housing and retail space where the infamous housing project once stood.
Mixed-Use | Feb 21, 2017
Coconut Grove’s newest mixed-use development springs from a converted parking garage
Terra says the development will be the first newly built office building in central Coconut Grove in over 20 years.
High-rise Construction | Feb 17, 2017
Zaha Hadid Architects-designed building to have the world’s tallest atrium
A 190-meter atrium will rise the full height of the building between two twisting sections.
Mixed-Use | Feb 8, 2017
Santiago Calatrava’s first major UK project will be the heart of the Greenwich Peninsula transformation
Peninsula Place will cost £1 billion and act as a gateway to the new, master-planned district.
