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>"“We have a pro-growth mind-set here,” said San Jose Mayor Sam Liccardo. >"Developer Westbank Corp., of Vancouver, British Columbia, for example, recently beg
by bogomipz 4y ago
>"“We have a pro-growth mind-set here,” said San Jose Mayor Sam Liccardo.
>"Developer Westbank Corp., of Vancouver, British Columbia, for example, recently began work on the first phase of a development that calls for 3 million square feet of office space and 2,000 to 2,500 residential units, according to Andrew Jacobson, the firm’s head of U.S. development."
Using a generous 200 sq. foot per employee which was roughly the pre-pandemic average would be 5,000 employees for every million square foot of office space.[1] So 3 million sq. foot of office space would be conservatively be about 15,000 employees and they are going to build 2,500 residential units. I think these numbers nicely sum up that "pro-growth mind-set" nicely. Perhaps the mayor could look and see if there is another city close by that had a similar skew of of lots of tech office space and not enough housing and how that worked out for them.
[1] https://www.us.jll.com/en/views/how-will-employee-workspace-needs-change-post-coronavirus https://www.us.jll.com/en/views/how-will-employee-workspace-...