Google to Open $1 Billion NYC Hudson Yards Office in 2020

Monica Link December 17, 2018December 17, 2018 Alphabet, Google, Hudson Yards, New York City, Ruth Porat

Google is beefing up its presence in New York City. The Alphabet-owned company announced Monday that its office in Manhattan is expanding to Hudson Yards, an area of the city booming with new construction, luxury apartments and shopping. The new office, which includes a $1 billion investment from Google, is projected to open in 2020.

The office includes 1.7 million square feet of space with lease agreements at 315 and 345 Hudson Street and a signed letter of intent by Google at 550 Washington Street. Google currently has about 7,000 employees in New York City. The new office will give the company room to boost its staff and build a larger presence in New York City’s growing technology community.

“New York City continues to be a great source of diverse, world-class talent—that’s what brought Google to the city in 2000 and that’s what keeps us here. Earlier this year, we announced the $2.4 billion purchase of the Manhattan Chelsea Market and shared plans to lease additional space at Pier 57,” Ruth Porat, senior vice president and CFO of Google and Alphabet said in the announcement made via Googles blog. “We hope 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 our New York-based Global Business Organization.”

Porat also addressed concerns over Google’s commitment to community initiatives in New York City. Google has given supports in grants and donations to non-profits and organizations connected to its new neighborhood. “We believe that as our company grows, we have a responsibility to support the communities we call home.” She said.

At the beginning of 2018, Google increased its investment in New York City by landing a deal for $2.4 billion to take over Chelsea Market neighboring its New York City offices.

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