Google parent co. Alphabet announces $1 B NYC real-estate expansion

Marcus Newton
December 18, 2018

The company has continued to build up its NY presence, announcing earlier this year that it was buying the Manhattan Chelsea Market building for $2.4 billion and planned to lease more space at Pier 57.

Google has announced that it is planning to open a new campus in New York City that will cost more than a billion dollars. With investments in Google Chelsea and Google Hudson Square, the company said it would more than double the number of employees in NY over the next 10 years. And the company is also investing in other parts o the USA - the blog post notes the company opened new offices and data centers in a number of locations this year, including Detroit, Boulder, Los Angeles, Tennessee and Alabama. Google reports it will have the capacity to more than double the number of employees in NY to 14,000 over the next decade.

Tech companies see NY as a way to gain a new perspective, one that is different from that of Silicon Valley, which can be seen as an "out-of-touch echo chamber", Bartels said.

The move is the latest high-profile expansion from a USA tech giant, following big investments from Apple and Amazon to create new office spaces in New York, Washington, D.C., and Texas. It also announced plans to expand in New York, Pittsburgh and Boulder, Colorado, in the next three years and set up new sites in several other US cities.

The Google NYC expansion comes as other tech giants from the west coast start moving eastward. In the end, the online retailer made a decision to open two new facilities - one in New York City and another in Northern Virginia near Washington, D.C.

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Google has more than 7,000 workers in NY and Facebook has more than 2,000.

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. "These are fantastic cities that attract a lot of great talent".

The 1.7 million square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street, the company said in a blog post on Monday.

There will be three buildings in all that make up the campus: two pre-existing buildings on Hudson Street and a yet-to-be-built building on nearby Washington Street.

Other reports by MaliBehiribAe

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