Google to double workforce, invest $1B in new Hudson Square campus

Enlarge this image

Enlarge this image

Google has announced that it is planning to open a new campus in New York City that will cost more than a billion dollars. Google put its first office in NY almost 20 years ago, and plans to move into the new campus space by 2020. The company has continued to build up its NY presence, announcing earlier this year that it was buying the Manhattan Chelsea Market building for $2.4 billion and planned to lease more space at Pier 57.

FBN's Cheryl Casone on Google's expansion plan in New York City.

The move by Google follows Amazon's announcement of new headquarters sites in NY and suburban Washington DC worth some $5bn, and Apple's $1bn expansion to Texas and other areas. It has also expressed interest and signed a letter of intent for 550 Washington Street. NY had 254,270 tech employees last year, with the labor pool growing 17 percent from 2012 through last year.

Google is planning a new campus in New York City, based in lower Manhattan at three buildings, including the new Saint Johns Terminal structure at 550 Washington Street, pictured here.

The company recently agreed to pay more than $100 million for a swath of land in downtown San Jose, California, for a big new campus that will include employee housing.

Google acquired the Manhattan Chelsea Market for $2.4 billion earlier this year.

Obamacare ruled unconstitutional by USA federal judge in Texas
The ruling is expected to be appealed to the Supreme Court and the law will remain in effect until the appeals process is over. Two Republicans - Texas Attorney General Ken Paxton and his Wisconsin counterpart Brad Schimel led the legal challenge.

Pictured above: Artist's rendering of 315 Hudson St. The company employs about 7,000 people in NY.

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.

Tech companies are "coming to the realisation that the Bay Area, which has traditionally been the major centre of tech activity in the U.S., is getting expensive and crowded", said Andrew Bartels, principal analyst at Forrester Research. Google purchased that building for $1.9 billion in 2012.

Ruth Porat, Google's chief financial officer, commented on the company's plans in a statement saying: "New York City continues to be a great source of diverse, world-class talent".

As noted by the New York Times, Google arrived in New York in 2006 with no fanfare, but it has since been criticized for contributing to Chelsea's gentrification, while food vendors claim to have lost sales because of its in-house cafeterias.

Interested in Google? Add Google as an interest to stay up to date on the latest Google news, video, and analysis from ABC News.

Recommended News

  • Trevor Ariza trade to Washington Wizards from Phoenix Suns

    Trevor Ariza trade to Washington Wizards from Phoenix Suns

    Ariza is one of the most important trade assets for the Suns - and their best chance to bolster their backcourt and gain assets. After Woj mentioned Dillon's name in one of his ensuing tweets, he later clarified that it was MarShon Brooks instead.
    Trump denies directing lawyer to break law

    Trump denies directing lawyer to break law

    However Cohen claimed that Mr Trump directed the payments, implicating the President in a possible campaign finance law violation. The ex-Trump ally admitted to making false statements to Congress about a Trump property deal in Moscow during the 2016 election.
    Boston Celtics make franchise history with 133-77 victory over Chicago Bulls

    Boston Celtics make franchise history with 133-77 victory over Chicago Bulls

    In Sunday's meetings, players sought a better understanding of Boylen's public comments disparaging their effort and conditioning. Sidelined since October 24 and playing in just his fifth game, Portis added nine points and eight rebounds in 19 minutes.
  • Oil Prices Jump Over 4% As OPEC Reaches Production Cut Deal

    Oil Prices Jump Over 4% As OPEC Reaches Production Cut Deal

    The International Monetary Fund (IMF) downgraded its global economic growth outlook in mid-October. That left a glut of oil sloshing around the world, sending the price of oil into freefall.
    Second Aide To Meghan Markle Quitting As Rumours Swirl About ‘Duchess Difficult’

    Second Aide To Meghan Markle Quitting As Rumours Swirl About ‘Duchess Difficult’

    He said: "I said sorry to Harry on the phone and all he said was, "If you'd listened to me, none of this would have happened". Royal fans are also convinced that Middleton reprimanded Markle for demanding so much from the palace staff.
    Patel’s resignation severe blow to economy: Manmohan Singh

    Patel’s resignation severe blow to economy: Manmohan Singh

    Senior Congress leader Ahmed Patel said the Bharatiya Janata Party has "unleashed a defacto financial emergency". Gokarn has also served as the former deputy Governor of the RBI till 2013 - when he was replaced by Patel.
  • Sir Richard Branson: Space tourists are next

    Sir Richard Branson: Space tourists are next

    During the flight, the two men were able to experience weightlessness and see the curvature of the planet, the company said. The prize was created to kick-start private development of rocket ships that would make spaceflight available to the public.
    3 dead, 11 injured in shooting in France, officials say

    3 dead, 11 injured in shooting in France, officials say

    Following the shooting, both the Strasbourg City Center and European Parliament were placed on lockdown. Another unnamed neighbor said the shooting suspect was rarely home.
    VPD investigate break-in at Huawei CFO's Vancouver home

    VPD investigate break-in at Huawei CFO's Vancouver home

    China on Monday cranked up its protests over the arrest of an executive of telecom giant Huawei on a USA warrant in Canada . Gibb-Carsley alleged that Huawei had done business in Iran through a Hong Kong company called Skycom.
  • Mourinho: We scored two goals and lost 2-1!

    Mourinho: We scored two goals and lost 2-1!

    Valencia secured a place in the last 32 of the Europa League by finishing third in the group - and it was mainly thanks to Jones. The Belgian forward was referring to the many times Jones has been caught on camera displaying rather unique facial expressions.
    Samsung follows OnePlus, drops 3.5mm jack with launch of Galaxy A8

    Samsung follows OnePlus, drops 3.5mm jack with launch of Galaxy A8

    There will also be an ultrasonic fingerprint scanner, which is much more secure than the regular 2D optical scanner. The unannounced Samsung Galaxy S10 is (expectedly) said to launch in a pre-MWC 2019 conference on February 20.
    Donald Trump RIDICULED for claiming Michael Cohen filing ‘TOTALLY CLEARS the President’

    Donald Trump RIDICULED for claiming Michael Cohen filing ‘TOTALLY CLEARS the President’

    McCarthy served as assistant US attorney for the Southern District for 18 years before leaving the Justice Department in 2003. The National Enquirer's parent company was chaired at the time by Trump's longtime confidante, David Pecker.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.