Google Investing $1 Billion For New Campus in New York City

Google announced $1 billion investment in New York City

Google announced in a blog post Monday that the company planned on investing over $1 billion to establish a new campus in New York City. 

"When we came to New York City almost two decades ago, it was our first office outside of California," Ruth Porat, the CFO of Google and Alphabet, wrote in the blog post. "It’s now home to more than 7,000 employees, speaking 50 languages, working on a broad range of teams including Search, Ads, Maps, YouTube, Cloud, Technical Infrastructure, Sales, Partnerships and Research."

"New York City continues to be a great source of diverse, world-class talent—that’s what brought Google to the city in 2000 and that’s what keeps us here," she added.

The 1.7 million square-foot campus in Manhattan is set to become the main location for its New York-based global business organization, Google says. 

The two Hudson Square buildings are expected to be operational for staff by 2020, with a third building coming online at 550 Washington Street two years later. Google also purchased Manhattan Chelsea Market for 2.4 billion in March and leased storage space at Pier 57. 

The online search giant joins Apple and Amazon who also made several announcements about expanding their operations across the U.S. Amazon ultimately split its plans for HQ2 into two cities, selecting Queens, New York and Arlington, Virginia for their new campus. Apple announced they would invest $1 billion to build a new campus in Austin, Texas, as well expand into new sites located in Seattle, Washington, and San Diego, and Culver City, California.

Photo: Getty Images


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