Bisnow Scoop: Stripe Could Be Headed To...
Stripe has been on the prowl for needed space since at least last fall, and now we know where they might be signing (their current HQ is in an old trunk factory at 18th and Folsom, above). Sources tell us talk around town is Stripe is eyeing 500 Townsend for its new home, which is considered one of the highest-quality development parcels in SoMa (at the corner of Townsend and Sixth). Nearly a year ago, an affiliate of Alexandria Real Estate bought the 1.23 acre development site zoned for 300k SF. Stripe's space needs have fluctuated; last fall's active requirement for 300k SF has since shrunk. Stripe, which helps power online and mobile payments systems for Apple, Twitter and Alibaba, counts Sequoia Capital, Peter Thiel and Elon Musk as investors.
