Mysterious new California city backed by some of the biggest names in Silicon Valley, report says

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Mysterious new California city backed by some of the biggest names in Silicon Valley, report says
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A former Goldman Sachs trader has been quietly working to build an urban utopia in California.

Jan Sramek, a former Goldman Sachs trader, has been quietly working to build an urban utopia in California.

Sramek is the brains behind a company called Flannery Associates, which has spent more than $800 million on land, according to a report from The New York Times.An aerial view of the city of San Francisco skyline and the Golden Gate Bridge in California, October 28, 2021.Jan Sramek, a former Goldman Sachs trader, has been quietly working to build an urban utopia in California nestled near San Francisco and Silicon Valley.

Flannery Associates only became known to the official after the company reached out to set up a meeting, which was its first attempt to speak with local representatives. But even as the company eases into the public eye, it faces an uphill battle as it contends with lawsuits from locals and thorny regulations such as California's strict zoning laws.

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