The new campus would act as the main location for Google’s prime business activities.
Alphabet, Inc.’s Google has announced to invest $1 billion on a new campus at Hudson Square in New York.
Google informed in a blog post that the 1.7 million square-foot campus, called Google Hudson Square, would include leased properties at Hudson Street and Washington Street. Moreover, the new campus will be the main location for Google’s advertising sales division, the Global Business Organization.
The campus would increase Google’s employee headcount
Reportedly, the tech giant hopes to start moving into two Hudson Street buildings by 2020, followed by Washington Street in 2022. According to reports, the company will have the capacity of more than double its New York headcount, currently more than 7,000, in the next 10 years.
Mountain View, California-based Google’s move to invest in prime real estate on the lower west side of Manhattan also underscores the growing importance of New York as a hub for innovation and an incubator for technology companies.
With a plethora of white-collar workers and good infrastructure, the city provides a better option to other places that would require more investment.
The investment aims growth in U.S. facilities
Ruth Porat, CFO, Google, stated, “Our investment in New York is a huge part of our commitment to grow and invest in U.S. facilities, offices and jobs. 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’s first New York office at 111 Eighth Avenue is one of the city’s largest buildings that it bought 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.