Google buys Reve offices in major expansion of Boulder’s footprint
The Reve, a new mixed-use development in the heart of Boulder, will house a leading commercial tenant: Google.
The tech giant purchases the office component of the project on 30th and Pearl Streets.
Le Reve also includes a large residential component, which Google does not buy.
Google’s new offices in the Reve total approximately 125,000 square feet.
Over the past decade and a half, the Mountain View, Calif., Search engine operator has grown into one of Boulder’s biggest tech players in terms of real estate and employee base.
Google’s first local anchor came with the acquisition of SketchUp in 2006, a company that was eventually divested in 2012.
Since then, the company has constructed an approximately 300,000 square foot three-building campus at 2930 Pearl St., took over a nearly 160,000 square foot facility at 3333 Walnut St. that previously housed CA Technologies Inc., and occupied smaller offices at 2590 Pearl St. and 2600 Pearl St.
The company also occupied space at 2525 28th St., which once housed workers with Google Nest, which makes smart home devices like thermostats, cameras and smoke detectors. Nest has been integrated into Google’s largest operation and moved to other offices.
“One of the big goals of building (Boulder’s presence) is to have a cohesive Google campus,” site manager and Google Boulder senior engineering director Bhavna Chhabra told BizWest. “What we liked (about the Reve) is that it’s right across from Pearl Place,” the name of the existing campus at 30th and Pearl Street.
“It sounds like a fun and exciting place to be, and it’s mixed use with apartments and retail space,” she said. “If you look at Google’s presence in the United States, we like being in urban centers. “
Google was also drawn to the Reve in part because of its proximity to the Boulder Junction transit hub, Chhabra added.
Boulder and the greater Front Range area provide opportunities for a work-life balance that are essential to attracting a vibrant workforce, she said.
“Colorado is a really fun state, and you can see it from all of the people moving here from different places,” Chhabra said. “… I came here in 1993 as an immigrant and I love Boulder so much that I have stayed. “
The company “benefits from the strong universities around us,” she said. “Colorado School of Mines, University of Colorado, and Colorado State University are great sources of food” in Google’s employee base.
“This investment in Colorado is a sign that our economy is rebuilding itself better and is the best place to live, work and play,” Governor Jared Polis said in a statement. “Innovation and creativity define Colorado’s tech industry, and we’re excited to see new investments creating good jobs in our state.
Boulder’s growing reputation as a national and global hub for technology and entrepreneurship has vindicated Google in its decision to grow locally.
“We have a very good ecosystem that we can be a part of,” Chhabra said.
Local Googlers work for a wide range of business units, including gTech or Google Technical Services, as well as product development and engineering for Chrome, Google Maps, GSuite, payments, human operations, and advertising. Other Google operations in Boulder include affiliate and healthcare technology company Verily Life Sciences.
Google carries out ongoing “space planning” efforts to determine which employees and business units operate in which office, Chhabra said. “Over time, we mixed it up.”
The addition of the Reve offers more flexibility for space planners.
The company employs around 1,500 people in Boulder, but that number has been somewhat dynamic lately as many Googlers have worked remotely from all over the country and the world. Google also has around 100 employees in offices in Thornton.
Starting in late July, Googlers were allowed to return to their offices, but individuals can choose to continue working from home until January.
On their return, local workers will have some flexibility in their working hours compared to those at home.
Googlers assigned to a specific geographic location – Boulder, for example – will work in the office at least three days a week. Some employees will be able to apply to work entirely remotely.
The goal is to provide employees with flexibility while maintaining a semblance of corporate culture at the Google office.
The new office space at Le Reve will not be occupied for several months as Google must now begin the process of renovating the space to meet its needs.
“We have to make this a great Google space, and it will take some time,” Chhabra said.
Google telegraphed its intention to expand its operations to Colorado last February when Google CEO Sundar Pichai said in a blog post that the company had “the capacity to double our workforce (in Colorado) over the years. years, in part by expanding our presence in Boulder ”. However, Google was mom for a year and a half regarding the details of its local expansion – until now.
Le Reve, which opened in 2019, has been in the works for years, with plans approved by Southern Land Co. in 2016.
The development made headlines in March when Southern Land sold the residential side of approximately 275,000 and 244 units of the project for $ 151 million, one of Boulder’s largest multi-family deals in recent years.
Google said it closed the purchase of Reve’s offices on Wednesday, but did not provide a selling price. The deal has yet to be registered with Boulder County.
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