Google pulled out of a $15 billion investment in Santa Clara County after demolition had already begun in San Jose.
On Friday, Google and real estate group Lendlease called off plans to build 15,000 homes in the San Francisco Bay Area, as housing developers continue to exit the troubled region. Google and Lendlease mutually ended a $15 billion agreement that was made in 2019 to build residential and retail space in Sunnyvale, San Jose, and Mountain View, where the search engine is headquartered.
The tech giant worked closely with the city and locals to develop the community-fostering project, according to a post still live on Google’s website. “We want our designs to give something back to the world that wasn’t already there,” Google wrote on the Downtown West website. The project was supposed to bolster a community that has served Google for decades, creating over 5,000 construction jobs and investing in local communities.
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