Google to expand NYC campus with $2.1B Manhattan building
Tech giant Google announced on Tuesday that it will pay more than $2 billion to buy the New York City building where it presently leases ifs offices.
The building is located in the Hudson Square neighborhood of Manhattan, and the company said it will be the “anchor” of its New York City campus.
Google is buying the 1.3-million-square foot St. John’s Terminal for $2.1 billion and expects it to reopen in 2023 after a major renovation.
“[It] will be one part of the already sizable investment we’ve made in New York — Google’s largest office outside California,” Google CFO Ruth Porat said in a statement.
“We’ve made substantial progress in building out our 1.7 million-square-foot Hudson Square campus that will serve as the New York headquarters for our Global Business Organization, which includes our sales and partnership teams. The St. John’s Terminal transaction will close in the first quarter of 2022.”
Much of Google’s workforce is still working remotely due to the COVID-19 pandemic.
“As Google moves toward a more flexible hybrid approach to work, coming together in person to collaborate and build community will remain an important part of our future,” the company added.