General Motors Co. said it will build a $71 million advanced design and technology center in Pasadena.
The Detroit auto maker (NYSE: GM) said it's moving from an existing site in North Hollywood to a 149,000-square-foot campus on eight acres at Rosemead Boulevard and Sierra Madre Villa Avenue that's expected to be completed in the second half of 2022.
"The new site is closer to technology centers on the West Coast and creates a recruiting opportunity with its proximity to leading universities and design schools (and) will expand GM’s capacity to support emerging business opportunities in areas of advanced technology, software integration and future mobility solutions," GM said.
“Having a physical presence in Southern California’s technology epicenter is an integral part of our global design operations and this new innovation campus will not only expand our operations twofold, but offers access to the rich cultural diversity and talent in the region. Our positioning will allow us to attract dynamic candidates in fields that will bolster GM’s proven design capabilities and challenge conventional thinking of what our future portfolio of connected products and services can encompass," said Michael Simcoe, GM vice president of global design, in a statement.
Pasadena Now reported that GM paid $49.5 million to acquire the campus in northeast Pasadena.
