Google is planning a huge $1 billion campus in New York (GOOG, GOOGL)
Google will build a new campus in New York City, the tech giant announced in a blog post on Monday .
Google will spend $1 billion to create a 1.7-million square-foot campus in Manhattan's West Village neighborhood, it said in the post by Google's CFO, Ruth Porat. The new campus will be called "Google Hudson Square."
Google's locked down three properties as part of the expansion:
- 550 Washington St.
- 315 Hudson St.
- 345 Hudson St.
Google said it plans to start moving into the buildings in 2020. 550 Washington Street is called the St. Johns Terminal space, and it will be the head of Google's "Global Business Operation" when it opens in 2022.
All of the locations announced on Monday are within walking distance of each other.
Google already has a massive office in New York, at 111 8th Avenue, with 7,000 employees. The expansion will allow Google to support another 7,000 employees in the city. Google has also paid 2.4 billion to purchase the Chelsea Market, across the street.
The announcement caps off a busy quarter in tech expansion.
Last month, Amazon announced that it would move as many as 50,000 employees into new office complexes in Queens, New York and Arlington, Virginia. Apple said it would expand its footprint in Austin, Texas.
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