Google to Invest $1 Billion For New Hudson Square Campus in New York
Dec. 17, 2018Earlier this month, Appleannouncedplans to invest $1 billion towards building a new campus in Austin to house research, engineering, and customer support personnel. Well, Apple is not the only company pouring money into expansion. Google has today revealed that the company willinvest$1 billion to build a new campus in New York.
Ruth Porat, SVP and CFO of Google and Alphabet, revealed in an official blogpostthat Google’s new campus will be calledGoogle Hudson Squareand will bespread over 1.7 million square foot.
“New York City continues to be a great source of diverse, world-class talent—that’s what brought Google to the city in 2000 and that’s what keeps us here”, Porat wrote. Earlier this year in March, Google purchased the Manhattan Chelsea Market for $2.4 billion and also leased space on Pier 57. Once the Google Hudson Square campus is complete, it will serve as the primary headquarter for the company’s Global Business Organization in New York.
But Google is not the only company headed to New York for business expansion. Back in November, Amazonpickedup New York City and Arlington as sites for the company’s new headquarters and announced plans to invest $5 billion with the goal of creating 25,000 jobs in each city.
