Oxford Properties has sold St. John’s Terminal to Google for $2.1 billion. Located at 550 Washington Street in Hudson Square, the terminal property is designed by COOKFOX and developed by Oxford Properties and will serve as the anchor of Google’s new corporate campus, which comprises 1.7 million square feet along with two additional sites at 315 Hudson Street and 345 Hudson Street.
In a surprise announcement, Google has confirmed an initiative to expand its existing footprint in New York City. That expansion translates to a $1 Billion investment in Manhattan’s Hudson Square neighborhood. Officially known as Google Hudson Square, the 1.7 million square foot campus will occupy both 345 and 315 Hudson Street, as well as St. John’s Terminal located at 550 Washington Street.
Expect an additional 8,500 Google employees in Manhattan if the giant tech company scores a deal for St. John’s Terminal, at 550 Washington Street. If you’ve lost count, it adds up to a projected 19K Googlers working in the city. That includes the 7,000 headcount (as of early 2018) in their current office space at 111 8th Avenue near Chelsea Market, and the 3,500-staff member expansion currently in the works as a result of Google’s $2.4 billion purchase of 300,000 square feet at Chelsea Market and another 250,000 square feet at Pier 57.