Google Wants to Be a High-Tech Landlord

...

Google parent Alphabet already has its hands in a lot of different businesses, but the company could be adding one more to the list: real estate.

According to The Wall Street Journal, Alphabet subsidiary Sidewalk Labs is looking to "delve into an ambitious new arena: city building."

Citing unnamed people familiar with the matter, the Journal, corroborating an earlier report from The Information, noted that the Sidewalk Labs is putting the finishing touches on a proposal it will present to Alphabet to build new, smarter houses, offices, and retail spaces within existing cities.

"The company would seek cities with large swaths of land they want redeveloped—likely economically struggling municipalities grappling with decay — perhaps through a bidding process," the Journal reports. "Sidewalk would partner with one or more of those cities to build up the districts, which are envisioned to hold tens of thousands of residents and employees, and to be heavily integrated with technology."

The goal, according to the report, is to "create proving grounds for cities of the future," which would feature amenities like self-driving cars along with "more efficient" electric and water delivery systems. Such an effort would, of course, cost a whole boat load of cash — the Journal estimates "tens of billions of dollars."

The one thing Sidewalk Labs reportedly doesn't want to have to deal with in this process: city regulations. The company wants the freedom to build without having to worry about pesky issues like parking, street design, or utility regulations.

As for whether this will come to pass, we'll just have to wait and see. Once Sidewalk Labs finishes its proposal, Alphabet will have to yay or nay it.

Sidewalk Labs emerged last year as an initiative that will apply the Silicon Valley incubator model to solving problems that affect cities around the globe.

Categories
GAMES
0 Comment

Leave a Reply

Captcha image


RELATED BY

  • 5300c769af79e

    Google Calendar's New "Find a Time" Feature Makes Meeting Creation a Breeze

    With the new Find a Time feature in the Calendar app, scheduling a meeting that works with everyone’s schedule is made very simple, even if one party is in a different time zone.Limited to those using Google Apps for Work and Google Apps for Education, as sharing schedules is the norm in some lines of work, Find a Time works to locate the best possible time for a meeting where everyone is free.
  • 5300c769af79e

    Salesforce ROI: What It Means For IT

    The white paper, "The ROI of Building Apps on Salesforce," should be taken with a grain of salt since Salesforce sponsored it.It now includes the more open source-oriented Heroku development platform as well, running on Amazon Web Services, but accessed through the same Saleforce development platform.
  • 5300c769af79e

    Amazon Builds Fulfillment Centers, Investors Grouse

    The company's stock had closed at $818.5 billion in the fourth quarter, or anywhere from 17 percent to 27 percent above year-ago figures, Amazon said.
  • 5300c769af79e

    HPE Reportedly Considers Going Private

    They are empowered Has HPE put itself or its software business up for sale?Multiple reports note that a group of private equity companies are interested in buying the software business, or taking the entire company private.