Uber Already Planning For Bigger Headquarters In S.F's Mission Bay
Uber will build its new headquarters in San Francisco's Mission Bay neighborhood and agreed to a 15-year lease. (Adam Berry/Getty Images)Uber's is racing to deploy its service as quickly as possible across the globe - and that breakneck pace is being mirrored in a landgrab in its home of San Francisco.
The car-service app company, far from satisfied with its May move into sparkling new Mid-Market digs, snatched up a huge parcel of land in San Francisco's Mission Bay neighborhood and announced plans for a sprawling headquarters and a 15-year lease.
Uber and Pasadena-based Alexandria Real Estate Equities said Thursday they have partnered to develop two parcels of land in Mission Bay into 422,980 square feet of office space for Uber's eventual battlestation.
For measure, this time last year, Uber was in 26,000 square feet at 450 Howard Street in SoMa. In May, it ballooned into 88,000 square feet at 1455 Market, with 132,000 square feet ready to expand into if necessary.
Uber has time to grow into its shoes before it moves to Mission Bay. The land, at 1455 and 1515 Third Street, has been the subject of many dreams but little construction since 2010, when Salesforce.com bought it for its headquarters.
After spending years drawing up plans for the campus, Salesforce.com said in April it would abandon its Mission Bay visions and build up instead of out. It focused instead on downtown San Francisco, where it will be the anchor tenant in San Francisco's eventual tallest tower and will keep its office space clustered around Fremont and Mission streets in SoMa.
Instead, Uber will be the major tech tenant to become neighbors with the planned Golden State Warriors stadium, which is set to be built by the 2018-2019 season. The neighborhood is also home to a large University of California San Francisco campus.
When Salesforce.com dropped its Mission Bay campus plans, executives said it was partly because employees preferred being able to work closer to downtown, but the location doesn't appear to have deterred Uber. The joint venture will be split, with Alexandria owning 51 percent and Uber owning 49 percent.
Follow Ellen Huet on Twitter at @ellenhuet.
Post a Comment for "Uber Already Planning For Bigger Headquarters In S.F's Mission Bay"