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Google to invest $1 billion in a new campus on New York City

Google is on track to be among the largest corporate office tenants in Manhattan. Google (by Aphabet Inc.) announced a major real-estate expansion in New York City.

In a blog post, they announced it would lease a large office building at 550 Washington St. in Manhattan’s West Village neighborhood and make it the centerpiece of its new 1.7 million-square-foot Hudson Square Campus. Google will invest $1 billion in capital improvements to the campus, which will also include two nearby buildings at 315 and 345 Hudson Street. Based on this investment, the company will double its New York-based workforce to more than 14,000 employees over the next decade. Google also  recently opened new facilities in Detroit and Los Angeles.

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Google opened its first New York office in 2000 and moved into a large building at 111 Eighth Ave. in 2006. That property, which Google bought for $1.9 billion in 2010, has remained its primary office in the city. Some Google employees will begin working in the Hudson Street buildings when they open in 2020, followed by more staff in the St. John’s Terminal building after it is completed in 2022, the company said. Google Hudson Square will be the head of Google's "Global Business Organization," the company said.

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