Google Expands Holdings in Downtown San Jose
Posted on May 15, 2020.
Google has continued to expand its investment in downtown San Jose property in their quest for a transit-oriented village near the Diridon train station and SAP Center. The most recent acquisition came at the beginning of this month with the purchase of a 5,600 square foot commercial building at 50 S Montgomery Street.
The tech titan has been purchasing property in this area since December 2016. Google has now spent $409.3 million on an assortment of office and industrial buildings in the downtown San Jose area surrounding Diridon station.
The proposal from Google is a sprawling campus that is integrated into the surrounding community with homes, restaurants, nature trails, and retail in addition to the office spaces.
“The Montgomery property was purchased at $623 a square foot,” said Bob Staedler, principal executive with Silicon Valley Synergy, a land-use consultancy. “Its location made it a must-buy for Google.”
For more information and details, see the original article in the Mercury News linked here: https://www.google.com/amp/s/www.mercurynews.com/2020/05/13/google-downtown-san-jose-village-deal-tech-transit-office-hotel-retail-restaurant-housing-real-estate-development/amp/