Google Announces New $1 Billion Campus In Lower Manhattan

WEST VILLAGE, NY — Google is investing $1 billion in a new Lower Manhattan campus, making it the second tech giant to pick New York City for a major expansion that will create thousands of jobs.

The 1.7 million-square-foot campus, dubbed Google Hudson Square, is a combination of leased properties at 315 and 345 Hudson Street and 550 Washington Street in the West Village, the company announced in a Monday morning blog post.

"We hope to start moving into the two Hudson Street buildings by 2020, followed by 550 Washington Street in 2022 once the building is complete," Google's Chief Financial Officer Ruth Porat wrote.

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The new campus will be the primary location for its New York-based Global Business Organization, according to Porat.

"New York City continues to be a great source of diverse, world-class talent—that’s what brought Google to the city in 2000 and that’s what keeps us here," she wrote.

Google placed its first office in New York nearly two decades ago, and already has more than 7,000 employees in the city. Earlier this year, the company announced the $2.4 billion purchase of the Manhattan Chelsea Market and revealed plans to lease additional space at Pier 57.

The expansion comes on the heels of Amazon's announcement that it will split half of its second headquarters between Long Island City, Queens and Crystal City, Virginia.

New York City's 2018 tech boom is part of a steady rise in tech sector employment in New York, which grew by 65 percent to roughly 134,700 from 2010 to 2017, according to city data.

Google's New York City headquarters in the Meatpacking District. (Photo courtesy of Spencer Platt/Getty Images)