{"id":1004052918,"date":"2012-03-15T14:58:25","date_gmt":"2012-03-15T22:58:25","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=37641"},"modified":"2022-12-02T21:28:13","modified_gmt":"2022-12-03T05:28:13","slug":"fate-of-salesforces-scuttled-campus-site-remains-unclear","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fate-of-salesforces-scuttled-campus-site-remains-unclear\/","title":{"rendered":"Fate of Salesforce\u2019s Scuttled Campus Site Remains Unclear"},"content":{"rendered":"

By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor<\/p>\n

More than two weeks after Salesforce.com surprised San Francisco by pulling the plug on its plans to develop a $2 billion campus in Mission Bay, its plans for the property remain unclear. Salesforce had announced its plans with great fanfare in late 2010 after acquiring the 14-acre parcel from Alexandra Real Estate Equities Inc. for $287 million.<\/p>\n

In hindsight, Salesforce may have offered\u00a0a clue that its change of heart was possible in\u00a0 January, when the company announced a $340 million, 400,000-square-foot lease at 50 Fremont Street. Instead of launching construction in Mission Bay, Salesforce now says that it plans to accommodate the expected addition of some 2,000 employees by leasing additional space in San Francisco.<\/p>\n

\"\"<\/a><\/p>\n

It was the pace of growth that company officials cited last month in putting the project on ice, only days before city planning commissioners were scheduled to vote on the proposal. \u00a0\u00a0\u201cIt is clear to us that our original Mission Bay strategy may not provide enough space and flexibility for our needs,\u201d the company said in a statement. \u201cThis means we are suspending development on our Mission Bay campus and instead focusing on further expansion of our downtown San Francisco campus.\u201d \u00a0That justification left many observers scratching their heads and speculating that Salesforce was unable to make the numbers pencil out for a massive investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor
\nMore than two weeks after Salesforce.com surprised San Francisco by pulling the plug on its plans to develop a $2 billion campus in Mission Bay, its plans for the property remain […]<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[],"class_list":["post-1004052918","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco"],"acf":[],"yoast_head":"\nFate of Salesforce\u2019s Scuttled Campus Site Remains Unclear - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fate-of-salesforces-scuttled-campus-site-remains-unclear\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fate of Salesforce\u2019s Scuttled Campus Site Remains Unclear\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor More than two weeks after Salesforce.com surprised San Francisco by pulling the plug on its plans to develop a $2 billion campus in Mission Bay, its plans for the property remain [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fate-of-salesforces-scuttled-campus-site-remains-unclear\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-15T22:58:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T05:28:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/03\/5783787325_9806c4f6dc_z.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fate-of-salesforces-scuttled-campus-site-remains-unclear\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fate-of-salesforces-scuttled-campus-site-remains-unclear\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Fate of Salesforce\u2019s Scuttled Campus Site Remains Unclear\",\"datePublished\":\"2012-03-15T22:58:25+00:00\",\"dateModified\":\"2022-12-03T05:28:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fate-of-salesforces-scuttled-campus-site-remains-unclear\\\/\"},\"wordCount\":235,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fate-of-salesforces-scuttled-campus-site-remains-unclear\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/03\\\/5783787325_9806c4f6dc_z.jpg\",\"articleSection\":[\"News\",\"San Francisco\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fate-of-salesforces-scuttled-campus-site-remains-unclear\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fate-of-salesforces-scuttled-campus-site-remains-unclear\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fate-of-salesforces-scuttled-campus-site-remains-unclear\\\/\",\"name\":\"Fate of Salesforce\u2019s Scuttled Campus Site Remains Unclear - 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