Despite recent and future cuts in workforce and office space, Bay Area tech giant Google says development of the company’s Downtown San Jose Transit Village will continue. According to a company spokesperson, the project will break ground by the end of this year.
The Bay Area News Group reports that Google will continue to optimize their real estate footprint, and that downsizing will be primarily space that it has yet to occupy. With tech companies shoring up finances due to current economic headwinds, Google has also announced plans to eliminate 12,000 jobs.
The company has already begun to demolish buildings at the development site near the Diridon transit station and SAP Center. Officially known as Downtown West, Google’s transit village will feature office buildings, residences, commercial retail, eateries and hotels along with cultural attractions and open spaces. The tech giant will employ up to 25,000 people at Downtown West, and also plans to build a green energy plant to serve the development.
Image courtesy of project designer SITELAB urban studio
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.