Google to Build $1 Billion Campus in New York City

18 December, 2018, 12:01 | Author: Sally Reid
  • Google- 315 Hudson Street

Google is spending more than $1 billion to expand operations in New York City.

Google opened its first office in NY almost 20 years ago and now employs 7,000 people in the city. Google put its first office in NY almost 20 years ago, and plans to move into the new campus space by 2020.

Why it matters: While Amazon is demanding New York City invest $3 billion in its plan to build there, Google is saying it is going to invest $1 billion to develop a campus in the city.

The move by Google follows Amazon's announcement of new headquarters sites in NY and suburban Washington DC worth some $5bn, and Apple's $1bn expansion to Texas and other areas. The new Austin campus will mark Apple's third in the city, where the company already employees 6,200 workers. We hope to start moving into the two Hudson Street buildings by 2020, followed by 550 Washington Street in 2022 once the building is complete. The company has maintained a small presence of about 7,000 workers in offices there. In total, this will offer Google an additional 1.7 million square feet of space to house employees.

Google has had an office in NY since 2000. The company has obtained leases for 315 and 345 Hudson Street.

Google plans to double the number of its employees in NY to around 14,000 over the next 10 years, Porat wrote on Monday.

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

But Google is not the only company headed to NY for business expansion.

Saying Google has opened a string of new offices and data centers in 2018 - from Los Angeles, Boulder and Detroit to spots in Tennessee and Alabama - Porat added, "In fact, we're growing faster outside the Bay Area than within it".

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

Google this month released an updated plan for expanding its Mountain View, California, headquarters to create a new village-type campus with more than 6 000 new homes, some of which would be available to low-income residents. Google purchased that building for $1.9 billion in 2012.

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