Google plans $1B expansion in New York
Tech companies see New York as a way to gain a new perspective, one that is different from that of Silicon Valley.
Google announced Monday(Dec 17, 2018) it will spend more than $1 billion to build a new office complex in New York City that will allow the internet search giant to double the number of people it employs there.
The selected building for office complex Google in New York is located along the Hudson River.
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It is the tech industry’s latest major expansion beyond the Seattle-San Francisco Bay corridor. It follows recent steps by Amazon and Apple to set up large operations well outside their home turf.
Google, based in Mountain View, California, will fashion a complex of more than 1.7 million square feet along the Hudson River in the city’s West Village neighborhood, Ruth Porat, senior vice president and chief financial officer, said in a blog post.
Google opened its first office in New York nearly 20 years ago and now employs 7,000 people in the city. Its footprint is expanding rapidly. Google said earlier this year that it would buy the Chelsea Market building for $2.4 billion and planned to lease more space at Pier 57, both along the Hudson about a mile north of the newly announced complex.
The news follows Seattle-based Amazon’s announcement a month ago that it would set up new headquarters in New York’s Long Island City neighborhood and in Arlington, Virginia, creating upwards of 25,000 jobs in each location.
Presumably the new office will look like this.
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Google hopes to move into the new campus by 2020. Porat said that the company’s most recent investments give it the ability to more than double the number of Google employees in New York over the next 10 years.