Google will no longer be a tenant of the 1.7 million-square-foot St. John’s Terminal campus—the tech giant will purchase the entire development. Located in Hudson Square, Manhattan, the commercial campus comprises three distinct buildings at 315 Hudson Street, 345 Hudson Street, and St. John’s Terminal at 550 Washington Street.
Google’s spaces in the two Hudson Street buildings are now completed. The St. John’s Terminal building will anchor the campus and is expected to open by mid 2023 as the New York City headquarters for Google’s Global Business Organization.
“This announcement from Google is yet another proof point that New York’s economy is recovering and rebuilding,” said Governor Kathy Hochul. “We are creating jobs, investing in emerging industries, lifting up New Yorkers, and together, we are writing our comeback story.”
Rendering of 550 Washington Street by COOKFOX Architects
The St. John’s Terminal site was acquired in 2017 by Oxford Properties, the project’s lead developer, and is a joint venture with Canada Pension Plan Investment Board. COOKFOX Architects oversaw design of both new and existing buildings that were repurposed for commercial use.
The sale of the campus is valued at $2.1 billion and will be completed by the first quarter of 2022.
“Google’s historic investment in New York City marks an enormous step for our recovery,” said New York City Mayor Bill de Blasio. “The purchase of St. John’s Terminal will ensure New York remains a global leader in technology as well as a place that people are excited to live and work in.”
As part of investing in its long-term campus footprint in New York City, construction is also proceeding at Pier 57, where Google will occupy about 320,000 square feet of office space. The site will also include a public food hall, the city’s largest public rooftop space, community spaces, art galleries, and educational programming facilitated by the Hudson River Park Trust with a focus on environmental studies.
“We are excited to see Google expand its footprint here in New York City, bringing opportunities for thousands of tech and related good-paying jobs,” said New York City Economic Development Corporation president and CEO Rachel Loeb. “It is a true commitment to the city’s economic recovery and the future of the workplace, proving New York City is a thriving vital place in the global tech landscape.”
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New York City is the new Silicon Valley.
I hope so.
Great news and congrats to the Googlers and Greyglers
It’s Good to be Google.
Monopolies work.
This move is not all that surprising to me–I mean, it’s Google. But, I don’t have any problem with that. I hope it does even more good to the site.