Google to build new campus in New York worth $1bn

December 19, 2018 • Company News, General, Top Stories

Google to invest $1 bn in new New York campusorted images

Google to invest $1 bn in new New York campus

On Monday, 17 December 2018, Google announced plans to put over USD 1 billion into a new campus in New York City, at Google Hudson Square.

The office will have the capacity to more than double the number of Google employees in New York over the next 10 years, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs.

In a blog post, Alphabet and Google CFO Ruth Porat said the new campus, which should be operational starting in 2020, will be known as Google Hudson Square and “will be the primary location for Googles New York-based Global Business Organization.

Related: Apple to build new campus in Austin worth $1 bn

The plan to invest outside its home base mirror those of other US tech giants such as Apple, which said last week it would spend $1bn to build a new campus in Austin, Texas.

Alphabet earlier this year said it was buying the Manhattan Chelsea Market for $2.4 billion, and planned to lease space at Pier 57.

The company currently employs some 7,000 people in New York. “With these most recent investments in Google Chelsea and Google Hudson Square, we will have the capacity to more than double the number of Googlers in New York over the next 10 years,” Porat said.

She said the company’s “investment in New York is a huge part of our commitment to grow and invest in US facilities, offices and jobs.”

The expansion would make California-based Alphabet one of the city’s largest commercial tenants, The Wall Street Journal reported.

The announcement comes after rival Amazon said last month that it was splitting its new headquarters between the Long Island City district in New York and Crystal City, a Virginia community across the Potomac River from the US capital Washington.

Edited by Neo Sesinye
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