http://mv-voice.com/print/story/print/2013/07/19/google-makes-big-real-estate-buy-in-south-palo-alto


Mountain View Voice

News - July 19, 2013

Google makes big real estate buy in south Palo Alto

by Eric Van Susteren

Google has purchased seven properties on East Meadow Circle in south Palo Alto, an area the city has envisioned for light commercial development, the company confirmed this week.

A spokesperson for the Internet-search giant said the company bought the properties, located at 1015, 1020, 1025, 1036, 1040, 1085, and 1086 East Meadow Circle, that were owned by the California Pacific Commercial Corp., according to the Santa Clara County Assessor.

Thomas Fehrenbach, economic-development manager for the City of Palo Alto, said the city hasn't seen any development applications from Google for potential uses for the property.

In 2010 the Palo Alto City Council passed a plan to potentially allow for greater density in the area of East Meadow Circle, in order to encourage businesses to come to the area.

Interim planning director Aaron Aknin said larger, more dense buildings would need to be located nearer U.S. Highway 101, while the buildings near single-family homes in the area would be less dense, to create a buffer between the residential area and the commercial space.

Aknin said there will be neighborhood outreach about the development when a concept is proposed.

Comments

There are no comments yet for this post