The single-story office space at 1215 Bordeaux Drive in Sunnyvale formerly housed Google.
Dallas-based real estate investment firm Beam Reach is making its third redevelopment play in the San Francisco Bay Area, with plans to demolish a single-story office building in Sunnyvale and construct an eight-story, 265-unit multifamily building.
The 26K SF building at 1215 Bordeaux Drive formerly served as research and development space for Google but was placed on the sublease market in 2023, the Silicon Valley Business Journal reported. Beam Reach will also develop a 15K SF neighborhood park and add 217 parking spaces on the nearly 2-acre site.
Beam Reach’s efforts dovetail with the city’s plan to add 11,966 new homes by 2031 as mandated by the California Department of Housing and Community Development’s 2023-2031 Housing Element.
The Moffet Park redevelopment project, which was unanimously approved on June 8 by the Sunnyvale Planning Commission, follows two other development projects Beam Reach is pursuing on the San Francisco Peninsula.
In Menlo Park, Beam Reach plans to demolish a 1966-built single-story concrete flex R&D building at 155 Jefferson Drive to make way for an eight-story multifamily building totaling 207 units, including 21 very low-income units and 10 low-income apartments. Beam Reach paid $11M for the property in April 2025.
The Texas developer submitted an initial application to the city in January and resubmitted on May 13. The project is still under review.
Office vacancy in Menlo Park was just under 19% in the first quarter, according to Kidder Mathews. However, functionally obsolete buildings such as the Jefferson Drive property are increasingly being targeted for demolition and redevelopment, the San Francisco Business Times reported. More than 1.5M SF of aging office assets in nearby San Mateo could be removed or repositioned into multifamily, townhomes or single-family homes as Bay Area cities scramble to meet HCD housing requirements.
In 2024, Beam Reach submitted a proposal to redevelop a 5.6-acre parcel in Belmont into a two-building office and life sciences campus spanning 812K SF. The campus would consist of dual seven-story buildings at 425-435 Harbor Blvd. and 120 Industrial Road, along with 1,371 underground parking spaces.
That project is under review by the Belmont Planning Commission.
