Google pours $1B into New York City campus

Google is expanding its presence in New York City with a new campus. (Pixabay)

Google is expanding its presence beyond Silicon Valley by investing more than $1 billion to establish a new campus in New York City.

While Google first opened the doors on an office in the Big Apple in 2000, it's now working on building its new 1.7-million-square-foot "Google Hudson Square" campus. According to a blog post by Ruth Porat, senior vice president and chief financial officer of Google and Alphabet, the new campus will include two buildings at 315 and 345 Hudson Street and an office space situated at nearby 550 Washington Street in Manhattan.

Earlier this year, Google announced its $2.4 billion purchase of the Manhattan Chelsea Market and shared plans to lease additional space at Pier 57.

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"We hope to start moving into the two Hudson Street buildings by 2020, followed by 550 Washington Street in 2022 once the building is complete," Porat said in her blog. "Google Hudson Square will be the primary location for our New York-based Global Business Organization."

Google currently has more than 7,000 employees in New York City across its search, ads, maps, YouTube and cloud teams. Google expects to double the number of its New York City employees over the next decade.

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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," Porat said.

Porat also said that Google was growing faster outside of the Bay Area than within it, and this year it has opened new offices and data centers in locations such as Detroit, Boulder, Colorado, Los Angeles, Tennessee and Alabama.

Amazon announced last month that it would build new locations in New York City and northern Virginia.