Google To Spend $1B On New West Village Campus

Google to invest more than billion to expand NYC campus

Back in March, Google paid $2.4 billion for Manhattan's Chelsea Market, which is next door to the company's 111 Eighth Ave. offices, an entire city block the search giant bought for $1.9 billion in 2010. Porat said that the company's most recent investments give it the ability to more than double the number of Google employees in NY over the next 10 years.

That sentiment is similar to what Apple said last week, when it announced plans to build a new $1 billion campus in Austin, Texas, furthering its growth in a city where it already employs more people (some 6,200 workers) than it does anywhere else outside of its headquarters in Cupertino, Calif. Amazon.com Inc. recently announced it had split its new second headquarters in half, between the Washington, D.C. suburbs and Long Island City, in the NY borough of Queens. The company employs about 7,000 people in NY.

The Google expansion joins a flurry of other announcements from the U.S.'s largest tech companies, as they seek to show off investments in their home country.

Google's decision to expand in NY comes weeks after Amazon, the ecommerce group, selected the city as one of the two sites for its second headquarters. The over 1.7 million square-foot campus is a result of lease agreements at 315 and 345 Hudson Street and a signed letter of intent at 550 Washington Street.

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Last month, Amazon.com said it would open offices in NY and the Washington, D.C. area, creating more than 25,000 jobs.

The move is the latest high-profile expansion from a US tech giant, following big investments from Apple and Amazon to create new office spaces in New York, Washington, D.C., and Texas.

Google's first NY office at 111 Eighth Avenue is one of the city's largest buildings that it bought in 2010 for $1.77 billion, according to Reuters. And the company is also investing in other parts o the USA - the blog post notes the company opened new offices and data centers in a number of locations this year, including Detroit, Boulder, Los Angeles, Tennessee and Alabama. In 2010, Google bought 111 Eighth Ave., its NY headquarters, for $1.8 billion.

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