Google Announces Massive, $1 Billion Expansion In NYC

December 17, 2018 - 10:03 am

NEW YORK (WCBS 880) – Google has announced a $1 billion investment to set up a new campus on Manhattan’s West Side, an expansion the company says would create some 7,000 jobs and continue its investment in the city.

The 1.7-million-square-foot Google Hudson Square will add to the 7,000 employees the tech giant already has in New York, a number that’s been continuously growing since Google first opened an office in the city 20 years ago.

Google says it will lease a large office building at 550 Washington St. in the West Village and have additional space at 315 and 345 Hudson St. in Hudson Square; the latter address is home to WCBS 880 and other Entercom-owned radio stations.

The company looks to move into the Hudson Street buildings by 2020 and the newly remodeled building on Washington Street by 2022, according to Ruth Porat, Google’s senior vice president and chief financial officer, who authored a blog post about the expansion Monday morning.

Porat has said the company wants to double its New York workforce to more tha 14,000 employees, according to the Wall Street Journal.  

Google will make the expansion its home on the Hudson in what was once an industrial printing district -- an area that has undergone significant change in recent years.

Earlier this year, Google said it will also be buying the Chelsea Market building for $2.4 billion and leasing more space at Pier 57, both of which are about a mile north of Hudson Square. 

The announcement comes just a month after Amazon said it would be building its HQ2 in Long Island City, a move that has proved controversial.

Amazon said the second headquarters would create upwards of 25,000 jobs, and officials like Mayor Bill de Blasio and Gov. Andrew Cuomo say the investment will pay off.

Many Queens residents, however, are incensed that New York is giving Amazon more than $1.5 billion in grants and tax breaks to come to the city.

In an interview with WCBS 880, Crain's Greg David said that unlike Amazon, Google hasn't asked for incentives to build the new campus. 

"One reason is that they put their operations in Manhattan, where incentives are harder to get than when you go to Queens or Brooklyn," David said. 

Although many people are concerned about how an influx of tech workers to the city will affect the subway, David said "New York still has tremendous transit compared with any other city."

David also said that many of the new Google employees are already living and working in the city, which is increasingly becoming an East Coast tech hub. 

"New York is clearly going to be an important rival to Silicon Valley, with Amazon, and Google, and Facebook and Twitter, as well as soon-to-be 3,000 homegrown tech companies, here in the city," he said. "We are a major force in the industry that's changing the world."