The U.S. tech giant’s “Downtown West” project will cover 80 acres of land.
Out of the 4,000 housing units, Google will designate 1,000 for affordable housing.
Alphabet Inc’s Google (NASDAQ: GOOGL) secured official approval for its mega campus in San Jose from the city officials on Tuesday. The tech giant’s “Downtown West” project will cover 80 acres of land, including 7.3 million square feet dedicated for office space and housing units.
Alphabet shares are currently more than 0.5% up on the intraday chart. About 98% of the analysts now consider Alphabet Inc stock a ‘buy’.
Google will designate 1,000 housing unit for affordable housing
Google s San Jose megaproject offers $200 million in community benefits, 1,000 affordable homes
FacebookTwitterEmail
1of3
An artist s rendering of Google s proposed megaproject next to Diridon Station in San Jose.Google /Show MoreShow Less
2of3
An artist s rendering of Google s proposed megaproject next to Diridon Station in San Jose.Google /Show MoreShow Less
3of3
An artist s rendering of Google s proposed megaproject next to Diridon Station in San Jose.Google /Show MoreShow Less
Google plans to provide $200 million in community benefits and 25% affordable housing at its San Jose megaproject near Diridon Station, a key step as it moves toward potential final approval next month.