Google announces new $1B campus in New York

Google announced Monday that it plans to invest more than $1 billion to establish a new campus in New York.

The company said in a news release that it has leased two buildings and signed a letter of intent for a third to form Google Hudson Square. The campus will include properties on Hudson Street and Washington Street in Manhattan.

The company plans to begin to move into the campus by 2022. 

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"Our investment in New York is a huge part of our commitment to grow and invest in U.S. facilities, offices and jobs," Google Chief Financial Officer Ruth Porat said in a statement. "In fact, we’re growing faster outside the Bay Area than within it, and this year opened new offices and data centers in locations like Detroit, Boulder, Los Angeles, Tennessee and Alabama. And as we continue to grow across the country, we look forward to calling New York City home for many years to come."

Google, which has more than 7,000 employees in New York, opened its first offices in the city in 2010. Earlier this year, it announced the $2.4 billion purchase of the Manhattan Chelsea Market, and has leased space on Pier 57 along the Hudson River.

Google is the latest tech giant to announce a planned expansion. Amazon announced earlier this year plans to split its second headquarters between Northern Virginia and Queens in New York City.

Apple announced last week it would open a $1 billion facility in Austin, Texas.