Playa Vista Real Estate
Google Spruce Goose
Google has been renovating the former Spruce Goose airplane hangar for the past year and a half. It once housed Howard Hughes’s massive aircraft, The Spruce Goose. The tech titan will join other Silicon Beach companies, including Yahoo, YouTube, and Facebook. “The executive and high-end talent formed by the fusion of tech and entertainment industries continues to create waves of demand for luxury homes, especially across the Silicon Beach section of Los Angeles,” says Alison Girard, director of marketing at Brookfield Residential. Last year, Playa Vista Real Estate increase in sales volume for single-family-home sales by over 317% over the same period of 2016. Tech titans not only want to be near the entertainment industry, and this further fuels the high-end market, but appreciate it’s close proximity to the 405 Freeway, LAX, and lower priced homes/rentals for their entry level staff. Google is leasing the Spruce Goose which is next to the 12 acres it purchased three years ago. Google, always thinking ahead, has the option to purchase the Spruce Goose when the lease expires in 18 years.
Google Spruce Goose at Playa Vista