Google's 80-Acre San Jose Mega-Campus Is On Hold

According to CNBC, Google has halted construction of its proposed 80-acre campus in San Jose, California, after the first demolition phase. "Some sources close to the development told CNBC that the company doesn't have plans to revive the project in the near future." From the report: In June 2021, Google won approval to build an 80-acre campus, spanning 7.3 million square feet of office space, in San Jose, California, the third-largest city in the country's most populous state. The estimated economic impact: $19 billion. [...] The city of San Jose may now be paying the price. What was poised to be a mega-campus called "Downtown West," with thousands of new housing units and 15 acres of public parks, is largely a demolition zone at risk of becoming a long-term eyesore and economic zero. CNBC has learned that, as part of Google's downsizing that went into effect early this year, the company has gutted its development team for the San Jose campus. The construction project, which was supposed to break ground before the end of 2023, has been put on pause, and no plan to restart construction has been communicated to contractors, according to people familiar with the matter who asked not to be named due to non-disclosure agreements. While sources are optimistic that a campus will be built at some point and said Google representatives have expressed a commitment to it, they're concerned the project may not reach the scale promised in the original master plan. The Mercury News, one of Silicon Valley's main newspapers, previously reported that Google was reassessing its timeline. Sources told CNBC that the company started signaling to contractors late last year that the project could face delays and changes. In February, LendLease, the lead developer for the project, laid off 67 employees, including several community engagement managers, according to filings viewed by CNBC. Senior development managers, a head of business operations and other executives were among those let go. Last month, Google also removed construction updates from its website for the project, according to internal correspondence viewed by CNBC.

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