News

Visa to open new campus in Palo Alto

New site will bring hundreds of employees to the California Avenue Business District

Credit card company Visa Inc. plans to open a new facility in Palo Alto's California Avenue Business District in November, which will accommodate about 300 employees, the corporation announced on Monday.

The new $6.4 million campus, at 385 Sherman Ave., will combine three stories of offices with research-and-development space, according to City of Palo Alto records. Employees will focus on technology research, business intelligence, data security and merchant solutions, according to the corporation's statement.

"We continue to expand our research and development capabilities globally and are investing in facilities that enable our teams to collaborate in the creation of digital commerce solutions," Rajat Taneja, executive vice president of technology, said in the statement. "Our new Palo Alto office allows us to draw on the diversity of the Bay Area talent pool and build an even stronger connection with the Silicon Valley community of data scientists, engineers and entrepreneurs."

The Palo Alto campus, which includes 51,000 square feet of office space in the building at the corner of Sherman and Birch Street, will enlarge Visa's footprint in the San Francisco Bay Area, adding to the company's existing Foster City and San Francisco locations. Visa has had a presence in Silicon Valley since the early 1970s. The company now has more than 3,500 employees in the Bay Area, according to the statement.

"Visa's reputation as the leading team in the payments industry can be linked to our Bay Area roots and the access we enjoy to the cultural diversity, creativity and innovative mind-set of this region," Michael Ross, executive vice president of human resources, said.

The corporation opened several new buildings in the last year, including a new technology development center in Bangalore, India, and innovation centers in Dubai, Miami, San Francisco and Singapore. Clients and partners work side-by-side with Visa payment experts to build commerce products. The company has also expanded existing technology-development operations in Singapore and Austin, Texas.

Related article:

Plan for Palo Alto office building ekes out approval, Aug. 22, 2014

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Comments

22 people like this
Posted by Merry
a resident of Another Palo Alto neighborhood
on Jul 25, 2016 at 12:54 pm

Do they have cars?


40 people like this
Posted by Uh-Oh
a resident of Midtown
on Jul 25, 2016 at 1:22 pm

Uh-Oh is a registered user.

This is going to make a lot of people who shop or live in this neighborhood unhappy, especially with the dearth of parking and over abundance of traffic there now.


17 people like this
Posted by Resident
a resident of Another Palo Alto neighborhood
on Jul 25, 2016 at 3:00 pm

Perhaps they will arrive by helicopter?

I doubt very much if there is even space on Caltrain for 300 more passengers arriving and leaving during the commute hours.


35 people like this
Posted by crowded
a resident of Mayfield
on Jul 25, 2016 at 3:05 pm

[Post removed.]


25 people like this
Posted by Roger Overnaut
a resident of Evergreen Park
on Jul 25, 2016 at 3:11 pm

How many housing units promised in this development will be displaced by these offices?


14 people like this
Posted by Negative nancys
a resident of Community Center
on Jul 25, 2016 at 4:30 pm

[Post removed.]


23 people like this
Posted by Todd
a resident of Another Palo Alto neighborhood
on Jul 25, 2016 at 4:55 pm

I already have a job and my friends are all retired, so why on earth would I want to allow Visa to open an office here?


42 people like this
Posted by Anne
a resident of Midtown
on Jul 25, 2016 at 11:34 pm

This is depressing. Just what we need, more office space and more people driving to work by themselves. The Page Mill/El Camino intersection is already rated F. How did this office space sneak in? I've been watching this building under construction for months. It doesn't fit with the neighborhood at all. City Council seems determined to develop the California Street area to the max. Why can't these big companies locate themselves in major metropolitan areas like San Francisco, San Jose and Oakland, which have the mass transit infrastructure to support them? I might have to stop using my VISA card.


4 people like this
Posted by Cid Young
a resident of another community
on Jul 26, 2016 at 11:10 am

[Post removed.]


41 people like this
Posted by cm
a resident of Downtown North
on Jul 26, 2016 at 11:42 am

Great job City of Palo Alto. This huge development and all of these people driving into work every day will be such a good thing for the residents of Palo Alto. We won't mind the crowded streets, extra pollution, decreased quality of life because we get so many benefits from this new building. The problem is I can't think of any!!! This is another give away to developers so they make millions and Palo Alto residents suffer.

Remember in the upcoming election - ask the candidates about growth. Whether office space or more housing it is all bad for a built out city that is full. We need to be environmentally sustainable and provide a good quality of life for the residents of this city. Elect people who respect our right to limit population, limit pollution, congestion, overcrowded schools and lack of social amenities that has come about from massive over-development.


21 people like this
Posted by been there
a resident of Old Palo Alto
on Jul 26, 2016 at 11:42 am

@Roger Overnaut
I totally agree with Roger:"How many housing units promised in this development will be displaced by these offices?" This whole area is being inundated by companies and people who are forcing out long time renters. And, the traffic will get even worse than it is now. Poor Palo Alto. It used to be such a lovely place.


8 people like this
Posted by Be Positive
a resident of Leland Manor/Garland Drive
on Jul 26, 2016 at 12:10 pm

Be Positive is a registered user.

This s NOT "new" office being built for VISA - they are renting a building approved 2 years ago that is currently under construction. It includes 4 residential units and the rest office space and over 100 parking spaces.


7 people like this
Posted by Chris
a resident of University South
on Jul 26, 2016 at 12:25 pm

How many people worked in the building previously on the site?


22 people like this
Posted by David V
a resident of Greenmeadow
on Jul 26, 2016 at 1:45 pm

David V is a registered user.

Great! The occupants can walk up to El Camino and Olive Garden....Oops, no they can't; that'll be another monstrosity.
I miss the old Palo Alto. Did you know that there is only one home left between Cal ave & Page Mill east of El Camino to the tracks?


27 people like this
Posted by Online Name
a resident of Embarcadero Oaks/Leland
on Jul 26, 2016 at 1:55 pm

Super. Let's make it even harder to find parking to shop and/or dine on Cal Ave. Remind me again why we spent all that money revitalizing the Cal Ave office park.


13 people like this
Posted by Don
a resident of Evergreen Park
on Jul 26, 2016 at 2:50 pm

"How many people worked in the building previously on the site?"

Endicia probably had 100-200 people in the previous Sherman building. That building had no below-grade parking. My guess is the new building will be almost fully parked -- which means that compared to Sherman previous, there'll be fewer cars trying to park on local streets.


12 people like this
Posted by Vacuum
a resident of Crescent Park
on Jul 26, 2016 at 4:44 pm

Suck it up guys.

This is what a successful city looks like.

"Nobody goes there anymore, it's too crowded."
- Yogi Berra


9 people like this
Posted by Jara
a resident of Southgate
on Jul 27, 2016 at 7:36 am

I'm surprised it was only $6.4 million!


8 people like this
Posted by Nayeli
a resident of Midtown
on Jul 27, 2016 at 10:38 am

I'm not sure why people are so upset about this. How is this any different from when Facebook was located just down the road on California Ave. with even more employees? I suspect that non-resident workers who work at this location will simply use CalTrain.


15 people like this
Posted by Need a Hall of Shame
a resident of Mayfield
on Jul 27, 2016 at 10:44 am

When 385 Sherman was at the Architectural Review Board, Lee Lippert, Randy Popp and Clare Malone Prichard all voted to approve the proposal, with Lippert calling it a "wonderful project" and Popp describing it as "very good."
The developer is Daniel Minkoff with Jim Baer. Web Link

We really need a Hall of Shame.


9 people like this
Posted by Nayeli
a resident of Midtown
on Jul 27, 2016 at 10:53 am

If Visa doesn't occupy the building, some other company will. The building has been under construction for quite some time. It will also help some of the struggling stores located around California Ave.


Like this comment
Posted by Curmudgeon
a resident of Downtown North
on Jul 27, 2016 at 12:15 pm

[Post removed.]


9 people like this
Posted by Rez E Dent
a resident of Crescent Park
on Jul 27, 2016 at 6:36 pm

Every time I hear of another congestion producing, resident-unfriendly decision by the esteemed leaders of our city, I wonder if they have an ulterior motive. Kickbacks? Really?


6 people like this
Posted by Kickbacks?
a resident of Old Palo Alto
on Jul 29, 2016 at 12:19 am

Yes, Rez, there are kickbacks but not just envelopes full of cash.
Architects are looking for jobs and the approval of their colleagues.
Real estate lawyers are supporting clients in general, or clients of their colleagues.
Palantir employees are supporting their employer's immense expansion.
As will the Nextdoor employee who is running for council. Nextdoor needs growth.

Sometimes it is a favor for a relative, like when developer Jim Baer gave a job to Steve Emslie's son in 2009 as Asst.Property Manager at Premier Properties. Emslie was the city's Planning Manager.
Baer also gave free office space to Liz Kniss when she was running for Supervisor.
www.metroactive.com/papers/metro/08.03.00/public-eye-0031.html
The city hired Dan Garber (Planning Commissioner) to work on the big Arrillaga project 27 University.
I'm sure other people know of more examples.


12 people like this
Posted by NotResearchPark
a resident of Evergreen Park
on Jul 30, 2016 at 10:06 pm

This building is not in the business park - it's adjacent to our retail district, surrounding by residences and the court house. Is this kind of dense office use described by the article even allowed in this location? And 300 employees in 51000 sq ft? Is that a fire code violation?


Like this comment
Posted by Common Sense
a resident of Menlo Park
on Aug 11, 2016 at 9:18 am

Do any of the people in the comment section have any common sense? The reading is right above which clearly says Visa has employed over 3,500 people. They are not looking for YOU to apply, they already workers. Whether you like it or not, Visa is a growing company and needs more structures for its employees. If you don't like it then move some place else. Palo Alto will not change for immaturity such like yourselves.


2 people like this
Posted by Zee Kay
a resident of Evergreen Park
on Dec 6, 2016 at 12:12 am

A few visa employees confirmed that 500 employees will be moving in early 2017 but the underground parking garage has capacity for only 200. Wonder where the rest would park :(


Sorry, but further commenting on this topic has been closed.

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