I suppose it is appropriate that the old Burlingame Drive-in, home to many a night of virtual reality viewing through car windshields, would become the home of the Facebook Oculus virtual reality (VR) business unit. The Daily Journal is following up on the SF Business Times' piece and television newscasts with a story today about the proposed lease
Mayor Michael Brownrigg expressed his enthusiasm over the social media titan’s announcement. “No more ‘Boring-game,’” declared Brownrigg, who said the decision is further indication of the city’s viability as a hub of industry.
Under terms of the agreement approved by the commission, Facebook will be the sole occupant of the 767,000 square feet to be spread across two five-story buildings, one seven-story building, one eight-story building and a two-story amenities building.
Furthering that transformation will be other developments in the area east of Highway 101, where adjacent to that site, interest has been expressed in developing property owned by the State Lands Commission into a hotel. North of the proposed site, sports entertainment enterprise Topgolf is slated to move into the city’s driving range.
A proposal has also been filed to build the SFO Technology Center, slated to house more than 239,000 square feet of office space, about 11,000 square feet for a restaurant and more than 8,000 square feet of retail space at the former Hyatt Cinema site.
You should click through to read the fine print about traffic and the usual platitudes about "alternative modes of transportation". Pardon me for not being quite so enthusiastic about a million plus new square feet of Bayfront development without a traffic plan already in place. And exactly what are the alternatives? The Broadway overpass is done and functional at the current load, but probably not much more. Any Anza access is years away. Facebook better try to put a pier in for ferry service!
Recent Comments