Google to spend $2.1 billion on property for Manhattan campus – National

Google is planning to purchase St. John’s Terminal in New York Metropolis for $2.1 billion, making it the anchor of its Hudson Sq. campus.

The announcement Tuesday arrives with the town buffeted by the pandemic and most workplaces nonetheless largely unpopulated.

Whereas CEO Sundar Pichai stated in a weblog submit late final month that Google is delaying its world return to workplaces till Jan. 10, the dedication by the corporate to additional spend money on New York Metropolis actual property was trumpeted each by Mayor Invoice De Blasio, and New York Gov. Gov. Kathy Hochul.

Learn extra:
Google rolls out COVID-19 vaccine mandate, delays employees’ return to workplace

“Google’s historic funding in New York Metropolis marks an infinite step for our restoration,” de Blasio stated in a ready assertion.

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Google’s has had a footprint in New York Metropolis for greater than twenty years and it’s the firm’s largest location exterior of California. Its 1.7 million-square-foot Hudson Sq. campus is on the Hudson River simply south of the New York College campus and Greenwich Village.

“As Google strikes towards a extra versatile hybrid method to work, coming collectively in particular person to collaborate and construct group will stay an essential a part of our future,” the corporate’s Chief Monetary Officer stated. “It’s why we proceed investing in our workplaces world wide. Our choice to train our choice to buy St. John’s Terminal additional builds upon our current plans to take a position greater than $250 million this 12 months in our New York campus presence.”

Google at the moment leases the St. John’s Terminal property and expects to open its new house there by the center of 2023.

The corporate anticipates that its funding will add one other 14,000 workers in New York Metropolis.

© 2021 The Canadian Press

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