Tech Gian Google To Buy Manhattan Office Building For Over $2.1 Billion
Google has managed to continue to grow its business during the COVID-19 pandemic because people relied on online services more than ever. On the back of this climate, the advertising revenue of Google increased by 69% in 2021.
The campus will be about 1.7 million square feet and house Google’s sales and partnerships teams; it is expected that the St John’s Terminal site will be open to staff by mid-2023.
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CFO Ruth Porat wrote in the blog post which announced the plans, that the building would “serve as the anchor” for the future of work at Google.
The St. John’s Terminal site at 550 Washington Street, which we currently lease and expect to open by mid-2023, will be one part of the already sizable investment we’ve made in New York — Google’s largest office outside California. We’ve made substantial progress in building out our 1.7 million-square-foot Hudson Square campus that will serve as the New York headquarters for our Global Business Organization, which includes our sales and partnership teams. The St. John’s Terminal transaction will close in the first quarter of 2022
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