By Keith Loria, Contributing Editor
Boulder, Colo.—Google Inc. has exercised its option to acquire land for the second phase of its new Boulder, Colo., campus, paying a little more than $7 million to Forum Real Estate Group and Brickstone Partners, for a 1.45-acre parcel at 2930 Pearl St.
This is a change in development strategy for the Mountain View, Calif.-based tech giant, which leased a finished building for Phase I of the project.
According to Curtis Hubbard, a Google spokesperson, the move on the land was in keeping with development plans for the project and that it did not represent an acceleration of development.
The $150 million Boulder project includes a four-acre campus that will provide 330,000 square feet of office space in three four-story buildings with an underground parking lot.
The first phase is expected to be completed in 2017 and was designed to accommodate up to 1,000 workers. Phase II will accommodate up to 500 more workers in the area. No timetable has been released for its completion.
Since August, work on the project has included demolition of several existing buildings and a massive excavation for the parking garage. Boulder spokesperson Michael Davidson said in a release that the permits allowing work on the outer shell and core of the new buildings have been approved and issued.
The Boulder expansion project was approved in December 2014.
Renderings courtesy of Tryba Architects