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.