Google buying a Manhattan campus for $2.1 billion

Google is cementing its presumption successful New York City, and a committedness to in-person work, with plans to acquisition a Manhattan bureau gathering for $2.1 billion.

The announcement Tuesday arrives with the metropolis buffeted by the pandemic and astir offices inactive mostly unpopulated.

While CEO Sundar Pichai said successful a blog station precocious past period that Google is delaying its planetary instrumentality to offices until Jan. 10, the committedness by the institution to further put successful New York City existent property was trumpeted some by Gov. Kathy Hochul and New York City Mayor Bill De Blasio, who called it “one of the shots successful the limb we request arsenic portion of our comeback.”

“Google is starring the mode present successful our economical comeback but besides further asserting what we cognize much and more: New York City is present 1 of the large tech capitals successful the world,” de Blasio said astatine a virtual quality league Tuesday.

Google has had a footprint successful New York City for much than 2 decades and it is the company’s largest determination extracurricular of California. Its 1.7 million-square-foot Hudson Square field is connected the Hudson River conscionable southbound of the New York University field and Greenwich Village.

“As Google moves toward a much flexible hybrid attack to work, coming unneurotic successful idiosyncratic to collaborate and physique assemblage volition stay an important portion of our future,” the company’s Chief Financial Officer said. “It is wherefore we proceed investing successful our offices astir the world. Our determination to workout our enactment to acquisition St. John’s Terminal further builds upon our existing plans to put much than $250 cardinal this twelvemonth successful our New York field presence.”

Google presently leases the St. John’s Terminal spot and expects to unfastened its caller abstraction determination by the mediate of 2023.

St. John’s Terminal, developed by Oxford Properties Group, is simply a erstwhile freight installation that Google is transforming with sustainable plan and outdoor spaces, connecting the Hudson Square vicinity to the waterfront. The spot volition offset 100% of its c successful enactment of Google’s clime goals, the institution said.

The institution anticipates that its concern volition adhd different 14,000 employees successful New York City. Google present counts 12,000 employees successful the city.

Bloomberg contributed to this report.