Google developer nixes plan to build 15K homes in San Francisco Bay Area over 'market conditions'

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The developer set to convert the area surrounding Google’s San Francisco headquarters into a 15,000-house residential campus complete with office space and hotels has backed out of the projec…

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Google has confirmed to The Post that it will proceed with the project — which shouldn’t be delayed despite the company’s tie-up with Lendlease — and it’s looking to broaden its relationships with other developers.Real estate developer Lendlease announced on Friday that its plans with Google to create the so-called “San Francisco Bay Project” was halted “given current market conditions.

Alphabet’s workforce ballooned during the pandemic to nearly 187,000 people by late last year from 119,000 at the end of 2019 — when it first announced the “San Francisco Bay Project” — according to the most recent regulatory filings.

 

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