Google purchases properties close I-280 in downtown San Jose, opposite old hardware store site
Google has gathered up a few all the more downtown San Jose properties, in a deal that has extended the extent of the sites the search giant seeks for its proposed transit village to the Diridon train station.
The company purchased properties that front on Royal Avenue and Bird Avenue and are over the street from the site of a covered Orchard Supply Hardware Center.
Google burned through $4.1 million to secure the four parcels, which it purchased from a San Jose-based gathering called Ends in E, as per Santa Clara County property records that were documented March 14.
The latest exchange recommends that Google is looking at a bigger footprint for its transit village than initially anticipated.
“Google is making deeper investments on the west side of downtown San Jose,” said Scott Knies, executive director of the San Jose Downtown Association.
The most recent buys would give Google a facing on Bird Avenue. The properties are almost a busy interchange of Interstate 280.
“This part of the Google project could become a gateway to downtown San Jose,” said Bob Staedler, principal executive with Silicon Valley Synergy, a land use planning and consulting group. “There are some very interesting design opportunities for this project with frontage on Bird and 280.”
Mountain View-based Google, either straightforwardly or through a partnership with improvement partner Trammell Crow, started purchasing properties in December 2016 when it burned through $55 million for an old phone company building on South Montgomery Street.
Counting the latest securing, Google-linked affiliates have spent in any event $319.5 million acquiring a variety of sites in downtown San Jose that are required to gave the land to Google’s planned transit village.
The properties obtained by Google as of late incorporate industrial sites, commercial properties, places of business,residences and vacant lots.
Google likewise has paid $69.1 million to buy various properties possessed by the city and other government offices. Moreover, the company has alternatives or understandings to buy greater city properties, including the enormous surface parking areas beside the SAP amusement and sports center.
Only preceding the latest buy, Google burned through $5.3 million to procure the land underneath, and the buildings used by, the now-shut Kearney Pattern Works, which shut its entryways following an era of manufacturing steel forms and patterns.
The transit-oriented community imagined by Google would comprise of a complex of office buildings, homes, eateries, shops and open spaces where 25,000 individuals could work, including 15,000 to 20,000 employees of the tech titan.
The region of the Diridon station is winding up progressively alluring in light of the fact that the rail hub is relied upon to pick up a BART connection. It’s as of now a center for links to light rail, Caltrain, the Capitol Corridor, ACE Train and Amtrak.
The destinations possessed by Google currently extend in excess of a mile long, in a generally restricted band, with the northern limit the edge of a Target-tied down retail focus and the south end the neighborhoods around the defunct hardware store.
“Google owns a daisy chain of properties that parallel the railroad tracks,” Knies said.