The CFO of Google today announced an additional investment of over $1 billion in capital improvements to establish a new campus in New York, called Google Hudson Square. Earlier this year, Google announced the purchase of the Manhattan Chelsea Market ($2.4 billion) and shared plans to lease additional space at Pier 57.
Ruth Porat, SVP and CFO of Google and Alphabet, wrote that “Google came to New York City almost two decades ago, it was Google’s first office outside of California. It’s now home to more than 7,000 employees, speaking 50 languages, working on a broad range of teams including Search, Ads, Maps, YouTube, Cloud, Technical Infrastructure, Sales, Partnerships and Research.”
Google hopes to start moving into the two Hudson Street buildings by 2020, followed by 550 Washington Street in 2022 once the building is complete. Google Hudson Square will be the primary location for Google’s New York-based Global Business Organization.
With the investments in Chelsea and in Hudson Square, Google will have the capacity to more than double the number of employees in New York over the next 10 years, the CFO stated.