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In major expansion, Google to spend $1B on new Manhattan campus
In the year 2000, New York City became home to Google LLC’s very first office outside California. Eighteen years and thousands of hires later, the search giant today announced that it will significantly expand its presence in the Big Apple with a sprawling new $1 billion campus.
The news comes just days after Apple Inc. revealed plans to open a $1 billion corporate hub in Austin, Texas. The iPhone maker’s campus will sit on a 144-acre site in the north of the city. Google’s planned Hudson Square campus, in turn, will be made up of three leased buildings in Manhattan’s West Village neighborhood.
The location is situated to the south of the 1.2 million-square-foot Chelsea Market building that the search giant snapped up for $2.4 billion in March. And nearby is 111 Eighth Ave., an even bigger property that takes up an entire city block and serves as Google’s New York headquarters.
The planned Hudson Square campus will provide Google with 1.7 million more square feet of office space as it expands its New York presence. Ruth Porat, the chief financial officer of Google and parent company Alphabet Ltd., wrote in a blog post that the company plans to more than double its workforce in the city over the next decade. The search giant currently employs 7,000 workers in the Big Apple.
Google expects two of the three buildings reserved for Hudson Square to become operational by 2020. The third, on 550 Washington St., is set to open its doors two years later.
“Our investment in New York is a huge part of our commitment to grow and invest in U.S. facilities, offices and jobs,” Porat wrote. “In fact, we’re growing faster outside the Bay Area than within it, and this year opened new offices and data centers in locations like Detroit, Boulder, Los Angeles, Tennessee and Alabama.”
Google is not the only tech giant expanding in New York. Last month, Amazon.com Inc. announced that one of the two megacampuses it plans to build as part of its high-profile HQ2 project will be located in Queens. The development, which has attracted a fair amount of criticism, is set to employ 25,000 employees and will cost $2.5 billion to build.
Photo: Cory Wright/Flickr
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