x

Economy

Google to Spend $2.1 Billion on Manhattan Campus Acquisition

September 21, 2021

Google is planning to buy New York City's St. John's Terminal for $2.1 billion, making it the anchor of its Hudson Square campus. 

The announcement Tuesday arrives with the city buffeted by the pandemic and most offices still largely unpopulated. 

While CEO Sundar Pichai said in a blog post late last month that Google is delaying its global return to offices until Jan. 10, the commitment by the company to further invest in New York City real estate was trumpeted both by Gov. Gov. Kathy Hochul and New York City Mayor Bill De Blasio, who called it "one of the shots in the arm we need as part of our comeback."

"Google is leading the way here in our economic comeback but also further asserting what we know more and more: New York City is now one of the great tech capitals in the world," de Blasio said at a virtual news conference Tuesday.

Google's has had a footprint in New York City for more than two decades and it is the company's largest location outside of California. Its 1.7 million-square-foot Hudson Square campus is on the Hudson River just south of the New York University campus and Greenwich Village. 

"As Google moves toward a more flexible hybrid approach to work, coming together in person to collaborate and build community will remain an important part of our future," the company's Chief Financial Officer said. "It is why we continue investing in our offices around the world. Our decision to exercise our option to purchase St. John's Terminal further builds upon our existing plans to invest more than $250 million this year in our New York campus presence."

Google currently leases the St. John's Terminal property and expects to open its new space there by the middle of 2023.

The company anticipates that its investment will add another 14,000 employees in New York City. 

RELATED

HOUSTON  — A federal judge on Friday ordered the liquidation of conspiracy theorist Alex Jones ′ personal assets but dismissed his company’s separate bankruptcy case, leaving the immediate future of his Infowars media platform uncertain as he owes $1.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

1 of 2 Abducted Louisiana Children is Found Dead in Mississippi after Their Mother is Killed

JACKSON, Miss. (AP) — A Louisiana woman was found dead in her home Thursday, and her two young daughters were abducted and found hours later in Mississippi — one dead and the other alive, police said.

Today, I will talk about a food that I associate with summer, shellfish, as that is their ‘season’ in the Mediterranean.

THRU AUGUST 4 STOCKBRIDGE, MA – ‘Microcosms: A Solo Exhibition of Selected Works’ by Peter D.

LONDON - A second generation Greek-Cypriot in London, Georgina Hayden has used her heritage to write cookbooks showing off recipes from her homeland and her latest, Greekish, offers everything from Baklava cheesecake to Burnt Butter Eggs and Goat’s Cheese.

The two biggest wastes of time this election year are reminders that Joe Biden’s cognitive skills are in freefall and that Donald Trump’s a convicted felon.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.