Tech giant Google has announced that it would invest $1 billion in capital improvements to establish a new campus, Google Hudson Square to be located in New York.
The over 1.7 million square-foot campus is a result of lease agreements at 315 and 345 Hudson Street and a signed letter of intent at 550 Washington Street.
“When we came to New York City almost two decades ago, it was our first office outside of California,” said Ruth Porat, SVP and CFO of Google and Alphabet
“It’s now home to more than 7,000 employees, speaking 50 languages, working on a broad range of teams including Search, Ads, Maps, YouTube, Cloud, Technical Infrastructure, Sales, Partnerships and Research.”
This new plan comes a few months after Google announced the $2.4 billion purchase of the Manhattan Chelsea Market and shared plans to lease additional space at Pier 57.
The tech giant plans to start moving into the two Hudson Street buildings by 2020, followed by 550 Washington Street in 2022 once the building is complete.
Google Hudson Square will be the primary location for its New York-based Global Business Organization.
“We believe that as our company grows, we have a responsibility to support the communities we call home. That means supporting the infrastructure and services that make our neighborhoods unique places to work, live and play,” Porats said.