In the latest of Google's seemingly endless commercial real estate acquisitions, the tech giant has reportedly purchased 6 office buildings in Redwood City's Pacific Shores Center, which is currently home to companies like Dreamworks and Openwave. Google has put a deposit down on the the buildings and it is said that the deal could close later this month.
Assuming Google intends to fill these buildings themselves, this purchase will likely go hand-in-hand with increased efforts to get commuter fairies running from San Francisco and Alameda to the Port of Redwood City - an idea that Google has been flirting with for quite some time. Up until now, one of the major setbacks to the commuter ferry plan was that even if Google employees were to use this alternate form of transportation, they would still have to be shuttled from Redwood City to their Mountain View headquarters. However, the purchase of 6 commercial office buildings at the Pacific Shores Center - just a stones throw away from the Port of Redwood City - effectively nullifies this problem.
Google's purchase comes just a few weeks after Box Inc.'s leasing of the Crossing/900 development in downtown Redwood City. Tech companies are are putting Redwood City in their crosshairs, and it is highly likely that what we are seeing now is just the beginning.
P.S. - The Pacific Shores Center currently houses around 1.7 million square feet of office space. Recent zoning however, could allow developers to bump that total up to around 3 million square feet.
For a list of all current and proposed developments in Redwood City, click here.
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