Google to spend US$1 billion on new offices in New York
- Internet giant says it will create thousands of jobs for the city and has already bought and leased other properties in the US financial capital
Google is investing more than US$1 billion on 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 15.7 hectare (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.
The plan to invest outside its home base mirror those of other US tech giants such as Apple, which said last week it would spend US$1 billion to build new offices in Austin, Texas.
Last month, Amazon said it would open offices in New York and the Washington area, creating more than 25,000 jobs.
Mountain View, California-based Google’s move to invest in prime real estate on the Lower West Side of Manhattan also underscores the growing importance of New York as a hub for innovation and an incubator for technology companies.