San Jose California Partners with Google on new Transit Village

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The Mercury News reports that San Jose City Council has approved to negotiate only with Google to sell 16 city-owned parcels to the search engine company. Since September 2015 Trammell Crow, Google’s development partner has spent $58.5 million US dollars for an 8.3 acre “transit village” site to potentially build 1 million square feet of offices and 325 apartments.

“This is a once-in-a-century opportunity” for San Jose, Kim Walesh, the city’s economic development director, told the council. “This is a dramatic opportunity to expand the downtown core westward.”

“The transit village would generate millions of dollars in tax revenue and add thousands of tech jobs in an area where experts have estimated that up to 3,000 housing units could be built, city officials said Tuesday. “It will mean more local jobs closer to home,” Nanci Klein, the city’s assistant director of economic development, said in a presentation to the council.”

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