Google to Spend $2.1 Billion on Manhattan Office Building
The New York Times
The technology giant has built a sprawling campus on the West Side of Manhattan and has 12,000 employees in the city.
Google on Tuesday announced it would spend $2.1 billion to buy a sprawling Manhattan office building on the Hudson River waterfront, further cementing the tech giant’s rapidly expanding presence in New York City and providing a jolt of optimism for a city lashed by the pandemic and the shift to remote work.
The purchase price of the building, the St. John’s Terminal, is one of the largest transactions for a building in the United States in recent years and comes after Google has purchased other large properties in Manhattan, piecing together a sizable East Coast campus for the company.
Even before the pandemic, the four firms that make up so-called Big Tech — Amazon, Apple, Google and Facebook — had rapidly grown their operations and work force in New York. Their expansions during the pandemic have been one of the few bright spots for the city as it tries to mount an economic recovery in the pandemic.
