"Google unit Planetary Ventures has sold a building at 494 South Bernardo Ave. to an affiliate controlled by California Communities and Mozart Development, according to documents filed on Dec. 19 with the Santa Clara County Recorder's Office. By happenstance, Planetary Ventures is undertaking a wide-ranging modernization and restoration of the historic Hangar One in Mountain View. The Mozart Development homebuilding unit, California Communities, paid $15.5 million for the property, county real estate files show."
"A childcare center is located on the property, according to information from the Google Maps site. Planetary Ventures bought the 494 South Bernardo property in 2007, paying $6.3 million for the site, a real estate database shows. In 2024, CBRE, a commercial real estate firm, circulated a marketing brochure that stated the property was up for sale. The just-bought site totals 1.5 acres, the marketing materials stated."
Google unit Planetary Ventures sold a building at 494 South Bernardo Ave. in Sunnyvale to an affiliate controlled by California Communities and Mozart Development for $15.5 million. The property totals 1.5 acres and contains a childcare center. Planetary Ventures originally purchased the site in 2007 for $6.3 million. CBRE marketed the property in 2024 and identified suburban core residential development as a potential future use. Planetary Ventures is simultaneously undertaking a modernization and restoration of the historic Hangar One in Mountain View. California Communities is an independent Bay Area homebuilder whose completed projects include single-family homes and townhouses.
Read at www.mercurynews.com
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