Working from home, smaller office footprints, and cost cutting made GoogleVille redundant
"The decision to end these agreements followed a comprehensive review by Google of its real estate investments, and a determination by both organizations that the existing agreements are no longer mutually beneficial given current market conditions," read aLendlease said Google will compensate it for value already created, as the developer has already done plenty of planning.for 2038.
The deal was agreed upon in 2019, with Google in charge of office-related matters while Lendlease would build residential, retail, hospitality and civic components. The mixed use neighborhoods would have brought in 15,000 total new housing units valued at around $15 billion. A quarter of the units were promised to be"affordable" – an important factor for a community that would need baristas to make the single origin organic oat lattes required by Bay Area tech workers.
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