The Venture Capital Post writes today that Google has leased a location in the Mission District at 298 Alabama Street near the corner of 16th Street.
The report from the Venture Capital Post comes from the subscription-based Financial Times. The FT reports that Google declined to comment on its story. Sources told the FT that the company leased the space to house engineers who do not want to travel to Silicon Valley.
The travel between San Francisco and Silicon Valley has also created controversy around the buses that pick up workers living in the Mission District and shuttle them to Silicon Valley.
From the looks of the building, Google employees will not be moving in for awhile. Many of the windows are out and restoration work is in progress.
HBC, an international cell phone company, has also recently expanded in the Mission District.
On the Google move, the Venture Capital Post writes:
The former office of newspaper and catalogue printer Howard Quinn is big enough to accommodate 200 people. Located on 298 Alabama Street, the printer had been in business for half a century when it closed in 2012. The increasing popularity of online publishing, fueled by the technology of the search company, has proven to be very detrimental to printers, the report said.
Hardware firms could utilize the site for gadget and device development since the building which was constructed in the 1920s is zoned for manufacturing. With the leasing of the space, Google could be thinking of acquiring more startups focused on making hardware as it grows from web search and dips its hand into other markets like wearable technology, robotics and the Internet of Things, the report said.
The move highlights the growing trend of Internet firms in Silicon Valley where a fierce competition for tech talent has led them to expand in San Francisco so they can lure new employees who don’t want to commute to Mountain View, Palo Alto and Cupertino, the report said. READ MORE.