Google to invest $1B in a new Manhattan office campus

Alphabet CFO Ruth Porat and renderings of 550 Washington Street (Credit: Getty Images and Curbed NY)

Google plans to invest $1 billion in a new 1.7 million-square-foot Hudson Square campus.

The tech giant will lease Oxford Properties Group’s St. John’s Terminal at 550 Washington Street and take space nearby at Jack Resnick and Sons’ 315 Hudson Street and Trinity Real Estate’s 345 Hudson Street, Google’s parent company Alphabet announced Monday.

“With these most recent investments in Google Chelsea and Google Hudson Square, we will have the capacity to more than double the number of Googlers in New York over the next 10 years,” Alphabet CFO Ruth Porat wrote in a blog post.

Google now employs more than 7,000 people in New York City, and has plans to double the size of its workforce, the Wall Street Journal reported.

Earlier this year, the company paid $2.4 billion to buy the Chelsea Market building at 61 9th Avenue. [WSJ] – Rich Bockmann