Here we go.
The City's soul-crushingly beige and stucco Mission Bay district could see a new neighbor coming to town. Google. At least that's the buzz. According to SF Biz Times, the tech giant could be gearing up for a "blockbuster San Francisco real estate play that would shake the San Francisco market up for a long time."
J.K. Dineen breathlessly reports:
Rumor No. 1 suggests that Google is in discussions to buy the 14 acres of Mission Bay dirt that Salesforce put on ice when it decided to expand in the south financial district. The land is (nearly) entitled for 2 million square feet of office space, enough space for Google to accommodate 8,000 workers in the city.Salesforce bought the land in 2011 for $278 million and took the project through the planning process before abandoning it in favor of an expansion at 50 Fremont St. and 350 Mission St.
Rumor No. 2, we should point out, is that Google plans to buy space in the upcoming Transbay Terminal.
The Mountain View-based company has already spread their wings via recent additional real estate expansion. As Curbed reports, "A move to The City would come on the heels of other urban expansions: Google recently signed a deal for an additional 360K square feet of space in Manhattan, and nearly 600K additional square feet in Chicago."
What does this mean? It will could mean increasingly expensive rents and more people (like you, for example) forced to leave the City. It could also mean more jobs, more growth in the barren Mission Bay neighborhood, and—oy—quite possibly more craft-cocktail bars with pretentious names. But, at this point, it's all speculative.
(We should point out that Google already has office space in San Francisco. This would just be more. Anyway.)
[SF Biz Times]
[Curbed]