Google to invest $1 billion in NY campus

Pedestrians walk past Google headquarters in the Manhattan borough of New York City New York U.S

The new campus will be the main location for Google's advertising sales division, the Global Business Organization. They state, "our investment in New York is a huge part of our commitment to grow and invest in USA facilities, offices and jobs... and as we continue to grow across the country, we look forward to calling New York City home for many years to come". The new campus will give Google space to more than double its headcount in NY over the next decade.

The announcement comes after rival Amazon said last month that it was splitting its new headquarters between the Long Island City district in NY and Crystal City, a Virginia community across the Potomac River from the United States capital Washington.

There will be three buildings in all that make up the campus: two pre-existing buildings on Hudson Street and a yet-to-be-built building on nearby Washington Street. New York, in particular, boasts key qualities, including proximity to the financial industry, a large base of existing tech workers, and the second-largest concentration of tech startups behind the Bay Area, Bartels said.

Google has already signed lease agreements for the 315 and 345 Hudson Street and has also obtained a letter of intent to take over another property at 550 Washington Street to complete the new campus. Many high-tech workers are choosing to live elsewhere, forcing major tech companies to look in new places for the employees they need.

This investment follows the $2.4 billion purchase of the Manhattan Chelsea Market in March this year.

An illuminated Google logo is seen inside an office building in Zurich Switzerland

The 1.7 million square-foot campus will be called Google Hudson Square, according to a company blog post on Monday. The move could allow the company to more than double the current 7,000 people it employs in the city over the next decade.

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

Google this month released an updated plan for expanding its Mountain View, California, headquarters to create a new village-type campus with more than 6 000 new homes, some of which would be available to low-income residents.

Google hopes to start moving into the building by 2022.

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