Alphabet’s Google will invest more than $1 billion towards setting up a new campus in New York City.
On Monday, a blog post from the search engine giant said that it had reached lease agreements at 315 and 345 Hudson St. and signed a letter of intent at 550 Washington St. for the new 1.7 million-square-foot campus, to be named Google Hudson Square. Google is expected to operate from its new Hudson and Washington St. buildings by 2020 and 2022 respectively, according to the blog post. Through the new offices, the company could potentially employ twice the number of people it currently does in New York City, over the next ten years.
Earlier this year, Google opened new offices & data centers outside of its California headquarters, in locations such as Detroit, Boulder, Tennessee and Alabama.