July 18, 2019
Google tapped Lendlease for $15-billion development venture for new mixed-use residential developments across the Bay Area. The partnership would bring critically needed housing to downtown San Jose, Sunnyvale, and Mountain View, and is part of Google’s $1-billion plan to deliver 20,000 homes.
Lendlease estimates that it will develop up to 15 million square feet of residential, retail, hospitality, and other associated community uses in the new neighborhoods over the next 10 to 15 years. Development could commence as early as 2021. Mountain View-based Google will focus on developing its office space within the mixed communities.
Google’s David Radcliffe says, “Lendlease has a wealth of knowledge and expertise in residential, retail, and mixed-use developments. 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. Lendlease will play a key role in helping deliver at least 15,000 new homes on our land.”
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