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Old Posted Jun 29, 2017, 11:22 PM
Bwin517 Bwin517 is offline
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Join Date: Jan 2017
Posts: 99
Trammell wouldn't keep buying up land in DTSJ unless something big was happening. *fingers crossed*

http://www.mercurynews.com/2017/06/2...roperties/amp/

Google partner Trammell Crow buys more downtown San Jose properties
George Avalos
PUBLISHED: June 29, 2017 at 1:39 pm | UPDATED: June 29, 2017 at 3:32 pm
Categories:Business, California News, Economy, Latest Headlines, News, Real Estate, Technology

Parts of downtown San Jose, including SAP Center and Diridon Station. Google ally Trammell Crow has bought more properties in downtown San Jose, adding to a collection of sites being assembled for a potential Google transit village near the Diridion train station.
SAN JOSE — Google ally Trammell Crow has bought more properties in downtown San Jose, adding to a collection of sites being scooped up for a potential Google transit village near the Diridon train station.

The most recent purchases included a house and vacant land near the corner of South Montgomery and West San Carlos streets. The acquisitions closed Thursday, according to Santa Clara County records.

TC Agoge, an affiliate of Trammell Crow, paid $4.6 million for the two properties, county documents show. San Francisco-based Trammell Crow is a development partner for Mountain View-based Google in the Diridon Station development efforts.

This month alone, the TC Agoge group has bought properties at six different addresses.

Mountain View-based Google could potentially occupy 6 million to 8 million square feet of office and other space near Diridion Station and SAP Center, according to a recent memo issued by San Jose city staffers.

“Google’s vision of an integrated development in San Jose aligns with the aspirations of the City, transit agencies, surrounding neighborhoods, and downtown businesses for extraordinary architecture, urban design, environmental sustainability, retail amenities, transit ridership and vibrant public spaces,” San Jose Mayor Sam Liccardo, the city’s vice mayor and three other council members wrote in a recent letter to the City Council.

On June 20, the City Council voted 10-1 to launch the bold plan to remake the west side of downtown San Jose into a massive Google village. In the first public test, the council agreed to negotiate exclusively with Google to sell 16 city-owned parcels to the search giant.

“Google understands that we are an important part of the community,” Mark Golan, a Google vice president of real estate services for Northern California, told the City Council on June 20 prior to the governing body’s vote. “We all share an interest in getting it right.”

The property purchases that occurred in June, which included clusters at the north end of where Google is eyeing a potential vast transit village, and the acquisitions at the south end of the development zone, are an indication that a great deal of planning is going into the evolving effort, said Bob Staedler, a principal executive with Silicon Valley Synergy, a land use, development and planning consultant.

“All the activity shows this is a serious effort and that people at Google and Trammell Crow are master planning this in a thoughtful way,” Staedler said Thursday.”

The public-private partnership that appears to be emerging between the city of San Jose and Google might be the catalyst that’s required for rapid and effective development of the west side of downtown San Jose, Staedler said.

“This is what the city has been needing for some time, to have someone look at the big picture, have a master plan, and to start to acquire the properties that are necessary,” Staedler said. “The city can help where it can, but hte private sector can simply move faster than the public sector.”
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