Home » Money

Google to spend $1-billion to establish new campus in NY

18 December, 2018, 11:58 | Author: Shawna Walton
  • Google To Invest $1 Billion To Set Up Campus In New York

For more on Google's $1 billion expansion in New York City, follow on over to The Washington Post.

Earlier this year Google announced a $2.4 billion deal to buy the Chelsea Market shopping and office complex, where it has several floors of offices, and plans to lease an additional 320,000 square feet of space at Pier 57.

Back in November, we reported on the possibility of Google's expansion to their NY campus. The over 1.7 million square-foot campus is a result of lease agreements at 315 and 345 Hudson Street and a signed letter of intent at 550 Washington Street. Google hopes to start moving into the Hudson properties in 2020, with the more industrial Washington St. building ready in 2022. But it's the search giant's intention to double the size of its NYC workforce within 10 years, and for that the company requires even more space.

Porat notes that Google has given more than $150 million in grants to NY non-profits since 2011.

"We believe that as our company grows, we have a responsibility to support the communities we call home", said Porat.

The last major investment in the city happened back in February when Google acquired the entire Chelsea Market building for $2.4 billion.

Tech companies see NY as a way to gain a new perspective, one that is different from that of Silicon Valley, which can be seen as an "out-of-touch echo chamber", Bartels said.

Google has not been quite as aggressive as Amazon which has maintained a rapid growth rate across the country, William Floyd, Google's head of external affairs in NY commented on Google's slower expansion saying: "We've been growing steadily for the past 18 years without heralding trumpets, or asking for support from the government". Google's existing workforce strength in NY is somewhere around 7,000, but the company aims to double the number of Google employees in Big Apple over the course of the next 10 years.

She said the company's "investment in NY is a huge part of our commitment to grow and invest in United States facilities, offices and jobs".



Facing Opposition, PM May To Bring Brexit Deal Back To British Parliament
May said a vote on the deal - which was postponed on December 11 to avoid defeat - would be held in the week beginning 14 January. The government now has to authorise time to debate and vote on the motion - which, technically, they could refuse.

Galaxy S10 camera details leaked
As per a report , the Galaxy S10 will be announced on February 20, a few days ahead of the Mobile World Congress in Barcelona . Leaked information about the upcoming Samsung Galaxy S10 line of smartphones just hit the internet, via Gizmodo .

Donald Trump Surprised Mika Brzezinski Not Banned for 'Butt Boy' Comment
She also questioned whether Pompeo is a true, red, white and blue-blooded American. "Trump added on Twitter, ".She will probably be given a pass, despite their bad ratings.

Suns trade involving Trevor Ariza falls through due to misunderstanding
Nevertheless, rival executives told Deveney the Lakers have been among the NBA's most aggressive teams in trade talks. Ariza was signed this past offseason, and the Suns first chance to trade him comes tonight 12AM EST on December 15th.

Apple Warns of Serious Consequences if iPhones Get Banned
Tax losses would also be caused to the government, Apple says, as it pays millions in feeds for the devices it sells in the country.

United Kingdom Prime Minister Theresa May wins vote of confidence
It was amended by Labour members who instead called for a general election , if prime minister Theresa May's Brexit deal is rejected in Parliament .

Tottenham boss Mauricio Pochettino: I prefer Real Madrid links to sack talk
A 1-0 win would edge them through on goals scored, likewise a win by two goals or more. I'm so sorry about it but the next game is coming soon and we must now focus on that".

Arsenal Confirmed lineup vs Qarabag: several changes; Koscielny, Ozil start
That could mean Koscielny will be asked to play twice in four days as Emery prepares to welcome back his skipper. Emery said: "First we need to have the mix in the first 11 with young players and players with experience".

Tijuana Migrants March to US Consulate; Demand $50,000 to Go Home
Experts have said that President Donald Trump doesn't have the legal authority to make such a change in asylum law in the U.S. They were handcuffed and led away by federal agents once they entered a restricted area in front of the fence.

City of Oakland sues Raiders, NFL for 'illegal move to Las Vegas'
The suit could accelerate the timeline for the Raiders move elsewhere before the new stadium in Las Vegas is ready. The NFL Draft is officially headed for fabulous Las Vegas , Nevada.