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Courtesy Trammell Crow [/caption]
Currently, there's approximately 28,000 full-time employees and 10 million square feet of active office space in the downtown. The proposed Google development in the Diridon Station Area could potentially be 8 million square feet and add 20,000 full-time employees to the downtown. They are also estimating it would create 7,000 daily bikers to work.
This project would literally double the size and scope of the existing downtown. Helping to facilitate this development project will change the look of downtown San Jose for decades.
Engadget is calling it Googletown - since the project will be up to 5X the size of the new Apple campus.
The potential development - and investment - Google can make into the San Jose economy is significant:
The SVO has voiced its support of the project again and again.
Just recently, our President & CEO Matt Mahood was quoted in the Silicon Valley Business Journal as saying:
‚ÄúWe should be rolling out the red carpet and figuring how quickly we can get the regulatory burdens out of way and get under construction,‚Äù he said. ‚ÄúAnd not just the Google project but other projects looking to downtown San Jose as a new epicenter for Silicon Valley. We should be taking advantage of this renewed interest while the interest is high.‚Äù - Why the Silicon Valley Organization opposed 'local hire' rules on San Jose's Google deal
‚ÄúI think it‚Äôs paramount that we think big and think long term. If we don‚Äôt build big enough and grand enough, it‚Äôs really hard to go back and redo that. You want to think about not just the transportation nodes of today but of the future.‚Äù - Downtown San Jose will feel Google‚Äôs ripple effect
‚ÄúWe can ill afford to have a new barrage of regulatory hurdles and hoops placed in front of developers and investors that may make projects infeasible or unprofitable,‚Äù wrote Matt Mahood, the SVO‚Äôs president and CEO, in an email to the Business Journal. ‚ÄúDevelopers will always take their projects to the cities and regions where they are welcomed and can make a decent return. If we don‚Äôt provide the right environment for developers and investors, they will take their projects to other regions where it will make more sense for them to build.‚Äù - Could labor union demands sink Google‚Äôs San Jose ambitions?
"Today‚Äôs announcement is catalytic. Attracting Google to downtown San Jose is a game changer for the future development of Diridon Station, the surrounding area and all of downtown San Jose.‚Äù - San Jose, Google Working to Transform Diridon Station
‚ÄúThis is the type of development opportunity that create jobs in the city of San Jose. Jobs equal tax revenue for the city of San Jose, which helps create financial stability for the city of San Jose, who‚Äôs had a rough go at it compared to other cities in Silicon Valley.‚Äù - San Jose mayor to discuss talks with Google on Diridion station development