Newsletter

Newsletter

 

Job Creation and New Office Spaces | August 10, 2017
 THIS WEEK ON THE SAN FRANCISCO PENINSULA 
News that Impacts Your Quality of Life
SF Peninsula news is fast-moving and busy residents struggle to stay informed.  SFPNA collects news on housing, jobs and transportation and places it into useful context. The overriding objective is to promote residential quality of life. 
The newsletter is edited by two Palo Alto residents, Neilson Buchanan and John Guislin, who have no ties to developers or government organizations.  Regional citizen leaders guide article selection.
  
 This issue is focused on office development leading to job creation and potentially more gridlock.
 Development Limits Ratified
 The Palo Alto Planning Commission supported a recommendation to extend the 50K sq ft office-cap ordinance. Despite concerns about its long-term effects, all five commissioners present passed the motion with little debate. Ed. Note: The cap, which does not apply uniformly over Palo Alto, became law in 2015. Palo Alto Online
 Tesla supercharges production
 Tesla is ‘exponentially’ ramping up car production in Fremont. Musk wants the Fremont factory to deliver 100 Model 3 cars in August, 1,500+ in September, and 20,000 units by December. Link is subscription only, regrettably. Ed. Note: Yes, there is a real “hectic electric”. It is a 120 year old company among Harvard B School’s most popular case studies. Reference: History of Western Electric, Cleveland OH.  Produced electric motors in 1895!Silicon Valley Business Journal
New company order
Facebook unveiled plans for giant new development in Menlo Park. Company plans to build 3.45 million square feet of housing, office and retail space. Ed. Note: Menlo Park, like most cities, continues development accelerating the job/housing imbalance and aggravating traffic.  Editors are reminded of the elderly gentleman who said “I don’t know where I am going but I am on my way.” Mt. View Voice
More is merrier in Menlo
An eight-story building with three levels of structured parking, four floors of offices, a top-floor restaurant, a first-floor cafe and a rooftop garden has been proposed to replace an existing single-story warehouse. The proposal is part of an expansion plan by a biotech “peptide”  company. Project would be in the life sciences district and eligible for “bonus” development, meaning a higher density in exchange for providing community benefits.  Ed. Note:  This news sent us on a search to understand “peptides”…..another example of breadth and depth of our local economy.
Will job growth stall?
Midyear analysis of local economic trends shows unemployment is at its lowest rate since the dot-com boom, but job growth has slowed and growth in the labor force has stopped, according economic expert Steve Levy.  There are likely a number of reasons why job growth has slowed….. employers have record-high job openings and unemployment is low, an indicator that growth has slowed due to a shortage of workers with appropriate skills.  “On the Peninsula this becomes more acute given the very high cost of new housing,” the report noted.Mt View Voice
 Thru a hazy loooking glass
One Thing Silicon Valley can’t seem to answer!

What does Silicon Valley look like? Where could one send tourists — or even locals, for that matter — hoping to “see” it?…. In actuality, the real thing doesn’t look so good. 

New York Times

Job/Housing ratio worsens
US Army apparently seeks lease on 30 acres in Mt. View. Site may not be suitable for housing due to contaminated soil. This link is subscription only.

 

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