Uber Technologies, Inc. has recently announced its plans to expand its headquarters across the Bay Area to Oakland. Taking part in the revitalization of Oakland, Uber plans to put up part of its headquarters right in downtown Oakland’s Uptown Station located in 1955 Broadway Street. Reports also said that Uber plans to takeover the historic Sears building that stands there.
According to Forbes, Sears building has seven stories and covers about 330,000 square fee of space along with an additional 50,000 square feet of retail space. The property was purchased by Uber from Lane Partners for an undisclosed amount.
Meanwhile, Oakland Mayor Libby Schaaf says she looks forward to seeing the “economic impact” Uber’s corporate presence will bring to the city. Moreover, District Development LLC’s Oakland Business Leader Seth Hamalian believes that between Uber’s new headquarters and a new residential project, the block where Uber will stand alone, will be receive more than half a billion in investment for the continued revival of historic downtown Oakland.
To date, Uber has as much as 4,000 employees, 2,000 of which are actually in the Bay Area headquarters. Upon completion of the development, it is expected that more than 2,000 employees will hold office in the new location. CBS San Francisco reports that this will make Uber the city’s largest employer who is not in the government or healthcare sectors. Meanwhile, Forbes also reports that Uber also plans to expand in the Mission Bay neighborhood in San Francisco. Altogether, the three location will cover 800,000 square feet of real estate.
Uber is currently providing its ride-sharing service to 339 cities located in 61 countries around the world.