Google to spend $twenty-one a billion about Manhattan campus acquisition

Google to spend $twenty-one a billion about Manhattan campus acquisition

Google is preparation to buy St. John’s Terminal in New York as $twenty-one a billion, making it the anchor by it is Hudson Square campus.

The announcement Tues arrives on City of London buffeted by the pandemic and most offices still largely unpopulated.

While chief executive officer Sundar Pichai said in an blog post late last month that Google is delaying its global return to offices until January. 10, the commitment along the company to further invest in New York real property was trumpeted both by Mayor Bill De Blasio, and New York City Gov. Gov. Kathy Hochul.

“Google’s historical investing in New York marks a enormous step as our recovery,” de Blasio said in an prepared statement.

Google’s has had an footmark in New York as more than two decades and it’s the company’s largest location outside by CA. Its seventeen million-square-foot Hudson Square campus gets on the Hudson River just south by the New York City University campus and Greenwich Village.

“As Google moves towards an more flexible hybrid approach to work, coming together in person to collaborate and build community will remain a important part by our future,” the accompany CFO said. “It’s why we continue investing in our offices around the world. Our decision to exercise our option to purchase St. John’s Terminal further builds upon our existing plans to invest more than $250 million this year in our New York State campus presence.”

Google currently leases the St. John’s Terminal property and expects to open it is new space there by the middle by 2023.

The company anticipates that it is investment will add another 14,000 employees in New York.