Microsoft Redmond Primary Campus – Redevelopment. Rendering courtesy of Microsoft
In a transfer that’s in line with different current retrenchments by the tech trade, Microsoft Corp. has withdrawn plans to develop its RedWest North campus in Redmond, Wash., the Puget Sound Enterprise Journal reported, primarily based on public data.
Within the fall of 2021, Microsoft had filed a proposal with the Metropolis of Redmond to develop 4 buildings totaling greater than 1.1 million sq. ft, plus an underground parking construction with a central plaza above, all on 26 acres at 14848 NE 51st St., adjoining to Route 520. Three five-story buildings on this RedWest South campus have been to be accompanied by a three-story “amenity constructing” with meals venues and multi-purpose assembly rooms, with a direct connection to an out of doors terraced amphitheater.
The PSBJ reported that it’s not identified whether or not Microsoft plans to proceed growth of this campus at a later time.
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The RedWest South enlargement was cancelled as Microsoft is slowing its separate $5 billion redevelopment of its east campus, in keeping with the PSBJ. That challenge reportedly is to embody demolishing varied older buildings and delivering 17 new ones by the center of 2025.
A Microsoft spokesperson knowledgeable the PSBJ that the corporate nonetheless intends to open the primary of eight modernized buildings late this yr.
Tech slows down
Many tech corporations haven’t carried out nicely for the reason that pandemic’s onset, with Amazon’s ongoing trimming of its logistics area development being a primary instance.
Microsoft is retrenching its workplace commitments, each throughout the Puget Sound area and way more broadly, the PSBJ reported.
For instance, will probably be declining to resume a number of workplace leases in Bellevue and Issaquah, Wash., via 2025. Additional, Microsoft reportedly has ceased growth of a 90-acre campus in Atlanta.
Final summer time, a Hines–Invesco Actual Property three way partnership offered Atlantic Yards, a 523,511-square-foot campus in Midtown Atlanta, to World Atlantic Monetary Group, for an estimated $500 million. The property is absolutely leased to Microsoft.
