Netflix and Google Continue to Drive Silicon Valley with Plans for Expanded Facilities
- Sep 09, 2013
Following its massive emergence as the number one film and TV show streaming service in the U.S., Netflix has had to expand in order to manage that growth. Now, according to The Silicon Valley Business Journal, the company has its eye on Los Gatos where it has leased a large amount of space. The expanded Netflix operation will be located in a yet-to-be-built campus in the Silicon Valley area.
The two buildings that the company has leased in the planned campus will expand Netflix operations by 242,500 square feet. Located just off Albright Way in Los Gatos, the campus will feature a total of four office buildings, only one of which was supposed to be leased by the company, SVBJ writes. Planning issues for the campus are finally over, after a time when local opposition managed to delay the development schedule for quite some time. The project has been slightly scaled down and construction should begin immediately.
In other leasing news for the Silicon Valley area, one of the driving forces behind online giant Google has completed a leasing agreement for another planned office building the San Jose Mercury News writes. The company is set to take over a total of 168,000 square feet near its current Mountain View headquarters. According to Mercury, the space Google has leased could accommodate up to 900 employees, bringing many new jobs to the area.