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Google spends $ 2.1 billion on acquisition of Manhattan campus | WGN Radio 720

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File – In the photo of this file on Monday, December 17, 2018, a man using a mobile phone is passing by the Google office in New York. Google plans to buy New York’s St. John’s Terminal for $ 2.1 billion and is an anchor on the Hudson Square campus.
Alphabet and Google Chief Financial Officer Ruth Porat said on Tuesday, September 21, 2021, that the company plans to invest more than $ 250 million in its New York campus this year. (AP Photo / Mark Lennihan, file)

Google plans to purchase the St. John’s Terminal in New York City for $ 2.1 billion and is an anchor on the Hudson Square campus.

The announcement on Tuesday arrived in a pandemic-stricken city, and most offices are still barely populated.

CEO Sundar Pichai said in a blog post late last month that Google has postponed its return to global offices until January 10, but the company’s commitment to investing more in New York City real estate is Bill de Blasio. Mayor and New York Governor Kathy Hokul.

“Google’s historic investment in New York City represents a major step towards our recovery,” De Blasio said in a prepared statement.

Google’s has left a mark in New York City for over 20 years and is the largest location outside of California. Its 1.7 million-square-foot Hudson Square campus is located on the Hudson River, just south of New York University’s campus and Greenwich Village.

“As Google moves to a more flexible hybrid approach, gathering directly for collaboration and community building will continue to be an important part of our future,” said the company’s chief financial officer. I am. “That’s why we continue to invest in offices around the world. Our decision to exercise our option to buy St. John’s Terminal is $ 250 million this year in our New York campus presence. It is further based on our existing plan to invest more. “

Google is currently leasing a property at St. John’s Terminal and plans to open a new space there by mid-2023.

The company expects the investment to add an additional 14,000 employees to New York City.

Google spends $ 2.1 billion on acquisition of Manhattan campus | WGN Radio 720

Source link Google spends $ 2.1 billion on acquisition of Manhattan campus | WGN Radio 720

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