Local market close on Thursday for an initial public offering of 5,350 units of the housing complex that will house 6,100 workers in a new building in nearby Mission Hills.
The $50 million building at the corner of Mission and Valencia will have 825 apartments, 400 of them two-bedroom units, according to Google Inc and the California Coastal Commission.
Calls to the property last week, in which it was listed for just above $3.70 million with a 15 percent offer, were not returned.
Google didn’t have a name for the housing project, although it plans to build at least six of them. The company has proposed to buy all of the land, and has a plan to create 100,000 square feet of office and residential space on a 10-acre site in downtown San Francisco and adjacent industrial land.
The property owner has until July 20 to file a final bid. The price is expected to be $350 million.
Google Chief Executive Officer Sundar Pichai announced the project and the company’s plans for the next two years earlier this month during a company-hosted tour of Silicon Valley. Google plans to hire 500 people across the comp마사지any and is bringing 1,000 more pe에스엠 카지노ople to Silicon Valley as “천안안마a new way of connecting innovation teams,” Pichai said.
Pichai, speaking before Google gave the tour, said he has been discussing new “commonsense” buildings with developers in California and across the country. He said these buildings will help the company “share ideas, build relationships and create shared prosperity.”
A project announcement in June showed how it’s possible to do this: A California Coastal Commission meeting in Cupertino on June 28 approved a developer permit to build at least three of the four homes, which Google is offering for $350 million.
A total of eight other San Francisco locations are being pursued to create about 6,000 housing units per year in the coming years.
Google isn’t talking publicly about its project but did describe it as a “commonsense,” “home-based” office project with “open floor plan” space and a “micro office.”
The company has also proposed the possibility of leasing other property in the area, but officials were concerned it could be an eyesore and would be expensive for the company to rent out. The developer, who hasn’t been named, is also seeking a federal loan to pay off a $25 million property tax levy.
The property will also house Googl