Google to spend $1 billion on major New York City expansion

Muriel Colon
December 18, 2018

Google has set plans to dramatically boost its footprint in New York City: The internet giant said it will invest more than $1 billion to establish a new 1.7-million-square-foot campus, Google Hudson Square, in Manhattan. The new campus will be the main location for Google's advertising sales division, the Global Business Organization. The project would add about 7,000 jobs almost doubling the company's NY presence over the next 10 years. "Earlier this year, we announced the $2.4 billion purchase of the Manhattan Chelsea Market and shared plans to lease additional space at Pier 57". And last week, Apple detailed plans to build a $1 billion campus in Austin, Texas, as well as open offices in Seattle, San Diego and Culver City, California. It has also expressed interest and signed a letter of intent for 550 Washington Street. The company has maintained a small presence of about 7,000 workers in offices there. The online retailer initially intends to develop about 4 million square feet of commercial space in NY to accommodate 25,000 new workers. Here, a pedestrian passes by 345 Hudson Street, one of the buildings Google will be using.

"We believe that as our company grows, we have a responsibility to support the communities we call home", said Porat.

Porat telegraphed Google's plans to double down in NY a month ago during a technology conference. The company also helped bring over 5,000 free Wi-Fi hotspots to the New York Public Library System. "In fact, we're growing faster outside the Bay Area than within it", said Ruth Porat, the chief financial officer of Alphabet and Google.

"When we came to New York City nearly two decades ago, it was our first office outside of California", said Google's Senior Vice President and CFO Ruth Porat in a blog post. NY in particular also offers proximity to Wall Street and already has the second-biggest concentration of tech startups behind the Bay Area and a large base of tech employees, Bartels said. "Our investment in NY is a huge part of our commitment to grow and invest in USA facilities, offices and jobs", she wrote.

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