SUNNYVALE — A high-profile Google subsidiary that has launched a renovation of the landmark Hangar One has simply bought a small constructing in Sunnyvale to a veteran Bay Space actual property agency.
Google unit Planetary Ventures has bought a constructing at 494 South Bernardo Ave. to an affiliate managed by California Communities and Mozart Growth, in response to paperwork filed on Dec. 19 with the Santa Clara County Recorder’s Workplace.
By happenstance, Planetary Ventures is enterprise a wide-ranging modernization and restoration of the historic Hangar One in Mountain View.
The Mozart Growth homebuilding unit, California Communities, paid $15.5 million for the property, county actual property information present.
A childcare middle is situated on the property, in response to data from the Google Maps web site.
Planetary Ventures purchased the 494 South Bernardo property in 2007, paying $6.3 million for the positioning, an actual property database exhibits.
In 2024, CBRE, a business actual property agency, circulated a advertising brochure that said the property was up on the market. The just-bought web site totals 1.5 acres, the advertising supplies said.
“Suburban core residential development opportunity” was listed as a possible future profit for a purchaser.
California Communities said on its web site that it’s an impartial homebuilder that’s lively within the Bay Space. The corporate’s accomplished initiatives embody single-family houses and townhouses.
