Google announced on Monday that it will invest more than US$1 billion on a new campus in New York, becoming the second major tech giant after Amazon to pick America’s financial capital for new business facilities.
The 1.7 million square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street, the company said in a blog post, Reuters reports.
The new campus will be the main location for Google’s advertising sales division, the Global Business Organization, according to the report.
Google hopes to start moving into two Hudson Street buildings by 2020, followed by a Washington Street property in 2022.
The new facilities will enable the company to more than double its New York headcount, currently more than 7,000, in the next 10 years.
Google’s move to invest in prime real estate on the lower west side of Manhattan underscores the growing importance of New York as a hub for innovation and an incubator for tech firms, Reuters noted.
Last month, Amazon said it will open offices in New York and the Washington, D.C. area, creating more than 25,000 jobs.
“We’re growing faster outside the Bay Area than within it,” Google’s chief financial officer, Ruth Porat, was quoted as saying.
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