Google Strikes Deal for More Land Near San Jose's Diridon Station
Google’s development partner TC Agoge (an affiliate of Trammell Crow) struck a deal this week to purchase a vacant property centrally located in Downtown San Jose. The location at 551 W. Julian St., near the corner of North Montgomery Street, is just blocks from major transit hub Diridon Station. It also sits across from the SAP Center.
The purchase is expected to be part of the tech giant’s larger plan to parcel the surrounding area into a new campus. “Google is buying anything that can be had for purchase in that neighborhood,” Mark Ritchie, president of San Jose-based Ritchie Commercial Real Estate, told the East Bay Times.
In June, Google revealed plans to open a new six million square foot campus in San Jose that could house up to 20,000 employees. The minimum price for bids for West Julian was $273,700, or $50 a square foot.
The proposed parcel would change the landscape of San Jose and home sale prices are expected to rise. More than 100 community activists and service workers were out protesting this week.