The Amazon-affiliated developer is making a major overhaul of the old Fremont technology complex TOU

The Amazon-affiliated developer is making a major overhaul of the old Fremont technology complex

 TOU

The Amazon-affiliated developer is making a major overhaul of the old Fremont technology complex

Credit: Unsplash / CC0 public domain

A senior Texas real estate developer with links to Amazon is focusing on a comprehensive redesign of an aging technology campus in Fremond, city documents show.

Hines, one of the nation’s largest real estate developers, is proposing to relocate the technology campus on Millmond Drive between Dixon Land Road and Cato Road, according to records in the Fremont City officials’ file.

City planning department documents show that a modern industrial center will sprout up in place of the old technology buildings on Millmond Drive in Fremont.

In April 2021, Hines purchased the Dixon Landing Research Park, a three-story building with addresses 49000, 49036 and 49086 Millmond Drive, according to property records in the Alameda County Record Office.

District documents show that Hines paid $ 47 million for the three buildings.

According to a brochure distributed by commercial real estate firm Lee & Associates, the buildings total 209,300 square feet.

The property is close to the Interstate 880 and is a freeway exit from the vast Tesla Motors car factory in Fremont.

Hines plans to demolish three existing buildings and replace them with brand new structures.

The new industrial building, approved by the city for the project, will have a total of 265,600 square feet if built by Hines, Fremont city records show.

The finished project will be a building shell.

In February of this year, Hines leased a large data center of 278,500 square feet in Hayward to Amazon.

In recent years, Hines has been playing an active role in the Bay Area commercial real estate.

Hines real estate has slashed more than $ 1 billion to buy office and research buildings in the Bay Area.

These include assets that Hines has purchased in recent years.

  • December 2021, $ 59.6 million in San Jose Downtown, 150 S. A large data center on a prime site in First St.
  • PG&E Headquarters in San Francisco, $ 800 million, 2021.
  • Dublin Corporate Center in Dublin, $ 108.9 million.
  • Santa Clara Towers in Santa Clara, $ 195 million.
  • Santa Clara Center for Technology and Research at Basset Street, $ 107.1 million.
  • The Santa Clara office building is a $ 68 million tenant in Patrick Henry Drive with Apple.

In recent years, with the outbreak of the Corona virus and the shift to online shopping, there has been uncertainty over future use of office space due to the vague picture of brick and mortar retail.

As a result, property owners and developers are looking for redevelopment opportunities on multiple platforms.

Technology-based manufacturing, life sciences, biotechnology and laboratory projects have made numerous commercial buildings and sites a popular alternative to inking in the bay area.


                                    <div class="article-main__explore my-4 d-print-none">







                                        Google tracks hundreds of downtown San Jose homes on the Transit Station site
                                    </div>                                      
                                    <hr class="mb-4"/>

                                                                                                                        <p class="article-main__note mt-4">



                                            © 2022 MediaNews Group, Inc. <br/>Distributed by Tribune Content Agency, LLC.


                                    <!-- print only -->
                                    <div class="d-none d-print-block">

                                             <strong>Quote</strong>: Amazon-affiliated developer sees major overhaul of old Fremont technology complex (April 14, 2022), from 17 April 2022 at https://techxplore.com/news/2022-04-amazon-linked-eyes-big-revamp-fremont Received.  html





                                        This document is subject to copyright.  No part may be reproduced without written permission, except for any reasonable manipulation for the purpose of personal study or research.  Content is provided for informational purposes only.

                                    </div>

                                </div>https://connect.facebook.net/en_US/sdk.js</p>

if you want to read this article from the original credit source of the article then you can read from here

.

Leave a Reply