Google’s Expanding Real Estate Holdings Includes an Employee Housing in Silicon Valley

November 23, 2010 / Elizabeth Buckley, Commercial Property Analyst

Google, one of the leading multinational public corporations invested in Internet search, cloud computing, and advertising technologies is preparing to build a company campus, an employee housing, in Silicon Valley, San Francisco Bay Area in Northern California.

Google’s Expanding Real Estate Holdings Includes an Employee Housing in Silicon Valley

The company’s employee housing will be built within NASA’s Ames Research Center. It will have day-care and fitness facilities, which add Google’s real estate holdings another 1.2 million square feet of space.

David Radcliffe, Google’s real estate chief’s letter to the city’s officials stated: Google’s goals are to build a headquarters that is regenerative and nurturing to the environment.

The company wants to provide an employee housing, a neighborhood and life/work balance.

As a part of Silicon Valley’s new citywide plan, city officials are considering Google’s employee housing plan.

Google’s growing corporate complex will include access to a federal airfield, an airport at Moffett Field.

Ames Research Center, the company that manages the airfield and Google has a long standing relationship. Ames Research Center and Google are collaborating on projects like Google’s online mapping software on the planet Mars and the moon.

According to company’s securities filings in the county, the amount of space Google leased or owned has doubled since 2005, and the company is in hiring-boom mode this year.

Since January this year, the company’s workforce increased by 18 percent.

According to a 2008 lease between NASA and Planetary Ventures, Google plans to build an employee housing community with day care, fitness, and sports facilities in its new corporate campus.

But, information like how much employee housing and employees for the complex were removed in the document.

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