Google to invest $1 billion in a new New York campus

If you’re a tech giant, investing a billion dollars or more in a campus on U.S. soil seems to be the “in” thing right now. 

Last week, Apple announced it would build a new, $1 billion campus in Austin, and last month Amazon said it would invest $5 billion in its new headquarters in New York and Arlington. Now, on Monday, Google announced it would invest more than $1 billion into a new campus in New York City. 

The “Google Hudson Square” campus will measure over 1.7 million square feet, and will be located at 315 and 345 Hudson street as well as 550 Washington street, Alphabet CFO Ruth Porat announced in a blog post. 

Google, which already has more than 7,000 employees in NYC, hopes to start moving into new buildings on Hudson Street by 2020, and into the building on Washington Street in 2020. The new campus will be Google’s global headquarters. 

This investment follows the $2.4 billion purchase of the Manhattan Chelsea Market in March this year. 

“New York City continues to be a great source of diverse, world-class talent—that’s what brought Google to the city in 2000 and that’s what keeps us here,” wrote Porat. 

According to Google, these investments will allow the company to more than double the number of employees in New York City over the next decade. And the company is also investing in other parts o the U.S. — the blog post notes the company opened new offices and data centers in a number of locations this year, including Detroit, Boulder, Los Angeles, Tennessee and Alabama.