Google Announces New $1 Billion Manhattan Campus In Hudson Square

Google Announces New $1 Billion Manhattan Campus In Hudson Square

Google Announces New $1 Billion Manhattan Campus In Hudson Square

Back in November, Amazon picked up New York City and Arlington as sites for the company's new headquarters and announced plans to invest $5 billion with the goal of creating 25,000 jobs in each city. Google Hudson Square will become its main facility for its NY based activities.

After establishing its first NYC offices in 2000, Google now has more than 7,000 employees in the Big Apple.

It's Google's second big bet on NY this year: In March, the company bought the Manhattan Chelsea Market building for $2.4 billion.

The Manhattan campus will comprise two buildings on Hudson Street and a third on Washington Street.

Even as it looks elsewhere, Google is still buying offices and drawing up plans to construct new campuses near its headquarters, as it tries to build upon its success in internet search, email, web browsers, digital mapping, online video and smartphone software to make money in other markets such as health care and internet-connected homes.

Google's NY campus will be referred to as Google Hudson Square, with multiple buildings located on Hudson and Washington streets. "Google Hudson Square will be the primary location for our New York-based Global Business Organization", Porat wrote in the blog.

Pictured above: Artist's rendering of 315 Hudson St. Porat said that the company's most recent investments give it the ability to more than double the number of Google employees in NY over the next 10 years. "We believe that as our company grows, we have a responsibility to support the communities we call home", she said. The bulk of the company's New York workers is now located at 111 Eighth Avenue, a massive block-long building that was previously owned by the New York Port Authority.

Google already owns a city block of Manhattan that holds the Chelsea Market building, but it will expand its presence in the city once again.

"Our investment in NY is a huge part of our commitment to grow and invest in USA facilities, offices and jobs", Porat said.

NY is the largest market for technology talent, behind San Francisco, according to a report from brokerage CBRE Group Inc. that looked at the U.S. and Canada.

It is a "fairly sensible" move for Google given the amount of available talent pool, Atlantic Equities analyst James Cordwell said.

"We're growing faster outside the Bay Area than within it", said Ruth Porat, chief financial officer of Alphabet and Google.

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