Google said on Tuesday it would spend $ 2.1 billion to buy a sprawling Manhattan office building on the Hudson River waterfront, bolstering the tech giant’s rapidly expanding presence in New York City and providing a breath of optimism for a city hit by the pandemic and the change to remote work.
The purchase price for the building, the St. John’s terminal, is one of the largest transactions for a building in the United States in recent years and comes after Google bought other large properties in Manhattan. , thus constituting a large campus on the east coast for the company.
Even before the pandemic, the four companies that make up the so-called Big Tech – Amazon, Apple, Google and Facebook – had rapidly grown their operations and workforce in New York City. Their expansions during the pandemic have been one of the few bright spots for the city as it tries to revive the economy during the pandemic.
Google was already leasing the 1.3 million square foot property. The company has 12,000 employees in New York City – one of its largest satellite offices outside of its California headquarters – and said Tuesday it plans to hire another 2,000 workers in the city in the years to come.
The tech company said it would allow employees to work remotely in a hybrid arrangement even after the pandemic and recently postponed plans to return to the office in early 2022 due to the highly contagious Delta variant.
“As Google moves towards a more flexible hybrid approach to work, coming together in person to collaborate and build community will remain an important part of our future. ” Google said in a blog post announcing the news, which was first reported by the Wall Street Journal.