Shopping centers are doomed. They cost too much for the profits they generate as online sales replace them. It actually makes more sense to build condos in that area. Pretty soon even E. Palo Alto will be gentrified. And one mill per unit isn’t too far out of line given the property value. Question is will it sell at the market price or will some scheme to make them “affordable” at taxpayer expense kick in..
I like shopping malls. I hate to shop online. You can't try on clothes and shoes through the computer screen, and when you shop at a brick-and-mortar store, you can take possession of your purchase immediately and not have to worry about porch pirates.
Google will probably sell a lot of their land to developers and condos will get built. No doubt about it.