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Downtown San Jose's Google village takes major step forward with government property deals

George Avalos, The Mercury News on

Published in Home and Consumer News

"Twenty American cities are falling over themselves to woo Amazon," Liccardo said. "In contrast, we are selling land to Google for 2.5 times the price that the city of San Jose paid for it. The taxpayers of San Jose are clearly getting their money's worth on this."

From December 2016 to early January of this year, the tech titan and the developer together have spent at least $150.1 million buying 23 properties in downtown San Jose.

The most expensive of these acquisitions, as of Jan. 3, was a Google affiliate's purchase in late December 2016 of an old telephone company building for $55 million.

That deal, however, was just the start of an array of purchases. The property deals have occurred primarily on Autumn and Montgomery streets, but deals also have emerged on West Julian and West San Carlos streets, as well as on Cinnabar Street. And multiple property owners say they are on contract to sell their sites to a Trammell or a Google affiliate, indications that the deals are far from over.

"Tax breaks, subsidies, giveaways to corporations, none of that is happening here," Mayor Liccardo said. "Google didn't demand any of that, and we didn't offer it."

Mountain View-based Google intends to build 6 million to 8 million square feet of offices near San Jose's Diridon Station and the SAP Center. Those office towers could accommodate 15,000 to 20,000 Google employees.

 

"We are moving forward to realizing the vision for the Diridon Station area," Walesh said. "This is a first step to create a phenomenal place."

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