Google scraps $15 billion deal with lead developer of Silicon Valley campus projects

A mixed use space with people milling about the greens, next to office buildings and the San Jose Water Company’s historic building. — *A render of the proposed San Jose development.* | Image: Google

Google has ended its agreement with Lendlease, the lead developer it had been working with on four major campus projects in Silicon Valley. In an announcement published earlier on Friday, Lendlease said both companies had agreed to end the deal after determining that “the existing agreements are no longer mutually beneficial given current market conditions.”

The deal covered Downtown West in San Jose, Moffett Park in Sunnyvale, and Middlefield Park and North Bayshore in Mountain View. The Wall Street Journal notes that developments could have totaled over 15 million square feet of “office, residential, retail and other space.”