With Drive File Stream, you stream your Drive files directly from the cloud to your Mac or PC, freeing up disk space and network bandwidth. It works really well and also now incorporates Team Folders.  The one caveat is if you're working offline (no Internet) you'll only have access to cached files or those previously marked as available offline (right-click the file or folder you want to save offline).  With the new program, there is a new look too so look for it slightly further down on the finder window in the devices section
  1. Download & install
    a)  you likely get the prompts to update - if so you can use those to install
    b) goto drive.google.com, click on the gear icon in the upper right corner and select Download image
  2. Run the installation package
  3. Log into the portal with your email address and password
  4. Select Allow on the required permissions prompt - any you may also need to allow the application within your machine's system preferences

After this is working get rid of the old application and data:
  • Make sure Google Drive shows all files are synced  - using the menulet works well - screenshot:
    image
  • Delete the Google Drive for Mac/PC applications
  • (Optional) Delete the Google Drive folder in your home directy ~/Google Drive. Use caution deleting this folder, as it may contain content that has not yet been saved or synced