Mysterious new California city backed by some of the biggest names in Silicon Valley: report

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Mysterious new California city backed by some of the biggest names in Silicon Valley: report
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A former Goldman Sachs trader has been quietly working to build an urban utopia in California.

Jan Sramek, a former Goldman Sachs trader, has been quietly working to build an urban utopia in California.

Sramek is the brains behind a company called Flannery Associates, which has spent more than $800 million on land, according to a report from The New York Times.Jan Sramek, a former Goldman Sachs trader, has been quietly working to build an urban utopia in California nestled near San Francisco and Silicon Valley. But just a few years after the mysterious project got underway, it is facing increasing scrutiny from local officials and residents.

Flannery Associates only became known to the official after the company reached out to set up a meeting, which was its first attempt to speak with local representatives. But even as the company eases into the public eye, it faces an uphill battle as it contends with lawsuits from locals and thorny regulations like California's strict zoning laws.

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