Dive Brief:

• Google reportedly is negotiating with Lennar Urban — a division of the publicly traded homebuilding giant Lennar — to lease or buy a chunk of office space at San Francisco’s Hunters Point Shipyard, a development that eventually will include 12,000 new homes.

• The 3 million-square-foot plot of offices is in an area that includes the former Candlestick Park, and could be large enough for a new Google campus, the San Francisco Business Times reported this week.

• The Business Times said Google has not yet signed any contracts for the space, but noted the location will become available in 2018, at around the same time YouTube — which Google owns — ends its lease for the offices it occupies in San Bruno, CA.

Dive Insight:

The $8 billion redevelopment could offer Google the space it has been seeking. Last month, the Mountain View, CA, City Council denied the company’s plans to build a 2.5 million-square-foot expansion of its headquarters campus there. Shortly afterward, the firm proposed an alternative, a nearly 600,000-square-foot campus on a nearby, 19-acre plot.

“There are very few places left in the Bay Area to put a major new corporate campus,” Gabriel Metcalf, president of think tank SPUR, told the newspaper.