By Meghan Hall
Tesla competitor Lucid Motors will be moving into a new 305,000 square foot space at 7333 Gateway Boulevard in Newark, taking more space than originally announced a year ago. The announcement comes just two months after the motor company announced it executed a $1 billion investment agreement with the Public Investment Fund of Saudi Arabia.
The lease was first reported by the Silicon Valley Business Journal.
Lucid became one of the latest tenant of BioMed Realty’s Pacific Research Center in December 2017. At the time, Lucid was already doubling the size of its previous headquarters — to 125,000 square feet — compared with its former Menlo Park location. The luxury electric vehicle manufacturer planned to lease the space, located at 7707 Gateway Boulevard, for ten years. Now, it appears that the company is growing quickly, once again doubling its space with the new lease. The company has a total of 154 open positions — ranging from software architects to financial analysts to engineers — listed on its website for the Newark location.
“We are very pleased to welcome Lucid Motors to Pacific Research Center and provide state-of-the-art facilities and an environment for the company to grow and realize its long-term vision,” said Scott Altick, BioMed Realty’s vice president and San Francisco market lead at the time of Lucid’s initial move.
According to Lucid spokesperson David Salguero, the company plans to collocate all 300 members of its California team to the site. However, manufacturing operations will not occur in Newark, but rather at a $700 million factory in Casa Grande, Ariz. The company said in September it will use the funds from its investment agreement with Saudi Arabia to commercially launch Lucid Air, its first electric vehicle. Lucid hopes to bring the vehicle to market in 2020.
“The convergence of new technologies is reshaping the automobile, but the benefits have yet to be truly realized,” said Peter Rawlinson, chief technology officer at Lucid, in a press release announcing the investment agreement. “This is inhibiting the pace at which sustainable mobility and energy are adopted.”
7333 Gateway Boulevard is the largest building on the 1.5 million square foot Pacific Research Center Campus, and Lucid plans to move out of its current headquarters and into the new space sometime in 2019. The new building is located just across from the company’s current headquarters and is right next to State Route 84. LogiTech, Revance Therapeutics, and Risk Management Solutions are all located nearby.