Google is building a new $1billion NY campus

Pedestrians walk past Google headquarters in the Manhattan borough of New York City New York U.S

Google to Spend $1 Billion to Establish New Campus in New York City

The new campus, dubbed Google Hudson Square, will consist of 1.7 million square feet of office space in lower Manhattan, Google CFO Ruth Porat said in a blog post.

Google opened its first office in NY almost 20 years ago and employs 7,000 people in the city. Google put its first office in NY almost 20 years ago, and plans to move into the new campus space by 2020.

Google said Monday it will spend $1 billion on a new New York City campus, allowing the company to double its staff there within a decade.

Today, Google revealed its official plans for the expansion of its New York City campus, via Politico. Amazon.com Inc. recently announced it had split its new second headquarters in half, between the Washington, D.C., suburbs and Long Island City, in the NY borough of Queens. Google plans open the two Hudson Street buildings in 2020 and intends to move into 550 Washington Street section in 2022.

Google's NY campus will be referred to as Google Hudson Square, with multiple buildings located on Hudson and Washington streets. But it's the search giant's intention to double the size of its NYC workforce within 10 years, and for that the company requires even more space.

An illuminated Google logo is seen inside an office building in Zurich Switzerland
Google to spend $1 billion to establish new campus in New York

The New York Times reports that not all New Yorkers are happy about the company's expansion, however, with some Chelsea residents complaining that the Google's presence nearby has been a gentrifying force while some restaurant owners claim that the company's free-food-at-work policy has affected their business in the area. The development plan looks to establish a 1.7 million square-foot satellite location. Here, a pedestrian passes by 345 Hudson Street, one of the buildings Google will be using. "In fact, we're growing faster outside the Bay Area than within it".

But Google is not the only company headed to NY for business expansion.

The move is the latest high-profile expansion from a USA tech giant, following big investments from Apple and Amazon to create new office spaces in New York, Washington, D.C., and Texas.

"When we came to New York City nearly two decades ago, it was our first office outside of California", said Google's Senior Vice President and CFO Ruth Porat in a blog post.

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