Latest News

Google to spend $1 billion to establish new campus in New York
Tuesday, December 18, 2018 IST
Google to spend $1 billion to establish new campus in New York

HIGHLIGHTS
 
*The 1.7 million square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street, the company said in a blog post
*Google hopes to start moving into the building by 2022

 
 

NEW YORK: Alphabet Inc's Google is investing over $1 billion to establish a new campus in New York, becoming the second major technology company after Amazon to pick America's financial capital to expand and create thousands of jobs.
 
The 1.7 million square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street, the company said in a blog post on Monday. Google hopes to start moving into the building by 2022.
 
Google's plans to invest outside its home base mirror those of other US tech bigwigs such as Apple Inc, which recently said it would spend $1 billion to build a new campus in Austin, Texas.
 
The move to invest in prime real estate in the westside of Manhattan also underscores the growing importance of New York as a hub for innovation and an incubator for technology companies.
 
"Our investment in New York is a huge part of our commitment to grow and invest in US facilities, offices and jobs. In fact, we're growing faster outside the Bay Area than within it," said Ruth Porat, the chief financial officer of Alphabet and Google.
 
Amazon.com Inc said in November it would create more than 25,000 jobs in both New York and the Washington, DC area by opening massive new offices.

 
 

Google's first New York office at 111 Eighth Avenue is one of the city's largest buildings that it bought in 2010 for $1.77 billion.
 
Earlier this year, the company announced a $2.4 billion purchase of the Manhattan Chelsea Market. It also has leased space on Pier 57 jutting into the Hudson, which will create a four-block campus.
 
With investments in Google Chelsea and Google Hudson Square, the company said it would more than double the number of employees in New York over the next 10 years. The company has more than 7,000 employees in New York.
 

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Tata Harrier’s 7-seater Version H7X Will Be Quite Different – Report

Tata Harrier’s three-row seat version in works, details out  

Recently posted . 2K views . 0 min read
 

 Article
How to make you car as silent as a Rolls Royce inside

Rolls Royce cars are extremely luxurious. While there are many expensive pieces of equipment in Rolls Royce cars, their most relaxing feature is the silence that ...

Recently posted . 2K views . 2 min read
 

 Article
India's Top 5 Mobile Charger manufacturer Brand 2019

The following list of India's Top 5 Mobile Charger manufacture Brand 2019  

Recently posted . 2K views . 0 min read
 

 Article
Mahindra XUV300 vs Maruti Brezza, Ford EcoSport, Tata Nexon – Price

XUV300 is the latest entrant in the compact SUV segment.

Recently posted . 2K views . 0 min read
 

 
 

More in Electronics & Gadgets

 Article
Nearly 3,18,000 Android users hacked via Google’s AdSense vulnerability

Kaspersky Lab, an global cybersecurity and anti-virus provider founded in Moscow and operated by a keeping corporation inside the uk, on Tuesday said that ...

Recently posted. 736 views . 23 min read
 

 Article
‘World's Most Dangerous Laptop’ Is On Sale for $1.2 Million

It's an old Samsung laptop loaded with six deadly pieces of malware.  

Recently posted. 802 views . 0 min read
 

 Article
Now get driving license or RC delivered at your doorstep for just Rs 50! Here’s how

Applicants that are interested in the facility will have to call a helpline and apply for their documents, following which a “mobile-sahayak” will visit...

Recently posted. 980 views . 1 min read
 

 Article
OnePlus 6T to Ship With a “Whole New UI”, ‘Advanced’ Do Not Disturb Mode

OnePlus 6T India launch and global launch are set for the same day later this month, on October 30. The upcoming flagship smartphone from OnePlus is a mid-year upda...

Recently posted. 1K views . 4 min read
 

 Article
How to Keep Your WhatsApp Number Out of Google Search Results

If you use WhatsApp’s Click to Chat feature, your phone number may be showing up in Google search results.

Recently posted. 1K views . 0 min read
 

 
 
 

   Prashnavali

  Thought of the Day

"Most people do not listen with the intent to understand. Most people listen with the intent to reply."
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top