Google to spend $1 billion plus for new campus in New York

Alphabet’s Google is spending more than $1 billion on a new campus in New York, Reuters reported.
Google Android dominanceGoogle’s building in New York City could add space for more than 12,000 new workers, said The Wall Street Journal report last month.

With the latest investment, Google will be becoming the second major technology company after Amazon to pick America’s financial capital to expand.

The 1.7 million square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street. The new campus will be the main location for Google’s advertising sales division, the Global Business Organization.

Google will start moving into two Hudson Street buildings by 2020, followed by a Washington Street in 2022 and will have the capacity to more than double its New York headcount, currently more than 7,000, in the next 10 years.

Apple said last week it would spend $1 billion to build a new 133-acre campus in Austin, Texas.

Amazon.com said last month it would open offices in New York and the Washington, D.C. area, creating more than 25,000 jobs.

Google bought its first New York office at 111 Eighth Avenue in 2010 for $1.77 billion.

Earlier this year, the company announced a $2.4 billion purchase of the Manhattan Chelsea Market. It also has leased space on Pier 57 jutting into the Hudson, which will create a four-block campus.

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