Google is once again snapping up more real estate in New York City. Tuesday the company announced it was buying one of the buildings it currently leases: Google is buying Manhattan's St. John’s Terminal at 550 Washington Street for $2.1 billion.
New York City is Google's second-biggest campus after its headquarters in Mountain View, and this building will be part of the 1.7 million-square-foot "Hudson Square campus," which has expanded several times now. The Hudson Square campus includes the Chelsea Market, which Google bought for $2.4 billion, and the first-ever Google retail store, which opened earlier this year.
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St. John’s Terminal was a freight train facility back in the 1930s, and the building transitioned to a warehouse in the '60s and office space in the '80s. This latest revamp is still under construction, and like many other Google buildings, Google plans to turn it into a big glass obelisk with lots of plants and outdoor spaces. Google plans to open the building by mid-2023.
This is one of the biggest office space deals since the pandemic started. That's an understandable record, since COVID-19 is driving more and more people toward remote work, and many aren't interested in going back to the office. Google gives a nod to this trend in its blog post on the move, saying, "As Google moves toward a more flexible hybrid approach to work, coming together in...
Read Full Story: https://arstechnica.com/gadgets/2021/09/googles-spending-2-1-billion-for-even-more-new-york-city-real-estate/
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