The article discusses how the COVID-19 pandemic has transformed the landscape of business operations in the Bay Area, particularly emphasizing the shift towards remote work. Bishop Ranch, a longstanding office complex, faces challenges due to companies like Chevron relocating and office buildings becoming vacant. In response, the complex has shifted focus, introducing mixed-use developments, including residential areas and retail spaces, showcasing a strategic pivot aimed at addressing post-pandemic workforce trends and the need for more living spaces.
At Bishop Ranch, that means pivoting to the future. It was built as an office-oriented environment, but in 2018 they opened City Center, a retail, dining and entertainment destination.
Post-pandemic, we are in a new world of remote work. One that is likely permanent in some ways. And I do think that investors, land owners, are looking for, 'What is the next thing?'
Chevron has moved its global headquarters out of the area, and late last year human resources company Robert Half International ended its lease, leaving an entire office building vacant with desks and furniture still inside.
City Village, a development of single-family homes, recently opened. There also is the senior living complex, 'Belmont Village.'
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