- Matt Ward
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Yahoo! Planning a New Corporate Home
Advance planning has put the heavily trafficked Internet destination and online media company Yahoo! in a sound position to develop a planned 3,000,000 SF campus in a high-profile location in Santa Clara, CA. Yahoo! purchased the 48-acre site in 2006 – well before the financial crisis and increased competition from Google and Facebook. Although no construction start date has been announced, Yahoo!’s plans have won the approval of the Santa Clara City Council, which certified the environmental impact report and the development agreement.
Currently based in Sunnyvale, CA, Yahoo! plans to develop 13 six-story office and R&D buildings; three two-story common buildings; and two levels of underground parking at the site. When completed, the campus will accommodate as many as 12,000 employees. According to Yahoo!, the development would consolidate its employees and facilities in a Silicon Valley region with “high corporate visibility”. The development agreement gives Yahoo! the authority to build at the site for as long as 20 years.