Google has solidified its commitment to New York City by moving from tenant to owner at the expansive St. John’s Terminal campus. This significant acquisition, valued at $2.1 billion, encompasses the entire 1.7 million-square-foot development in Hudson Square, Manhattan. The campus is a fusion of three buildings, including 315 Hudson Street, 345 Hudson Street, and the landmark St. John’s Terminal itself, located at 550 Washington Street.
The two buildings on Hudson Street are already operational, while St. John’s Terminal is poised to become a central hub for Google’s New York City operations. Expected to open by mid-2023, it will serve as the headquarters for Google’s Global Business Organization, marking a major expansion of the tech company’s footprint in the city.
Government officials have lauded Google’s investment as a powerful sign of New York City’s robust economic resurgence. “This announcement from Google is yet another proof point that New York’s economy is recovering and rebuilding,” stated Governor Kathy Hochul. “We are creating jobs, investing in emerging industries, lifting up New Yorkers, and together, we are writing our comeback story.” Her statement underscores the broader implications of Google’s commitment, extending beyond real estate to encompass job creation and economic vitality for the city and state.
The St. John’s Terminal project, spearheaded by Oxford Properties as the lead developer in a joint venture with the Canada Pension Plan Investment Board, was acquired in 2017. COOKFOX Architects were responsible for the architectural vision, overseeing the transformation of both new constructions and repurposed existing structures into modern commercial spaces.
New York City Mayor Bill de Blasio echoed the Governor’s sentiment, emphasizing the long-term significance of Google’s purchase. “Google’s historic investment in New York City marks an enormous step for our recovery,” said Mayor 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.” The Mayor’s remarks highlight the strategic importance of this deal in maintaining New York City’s position at the forefront of the global tech industry.
Google’s investment extends beyond St. John’s Terminal. Construction is also underway at Pier 57, where Google will occupy approximately 320,000 square feet of office space. This development at Pier 57 is not solely focused on office space; it will also incorporate public amenities, including a food hall, the city’s largest public rooftop, community spaces, art galleries, and educational programs. These programs, facilitated by the Hudson River Park Trust, will concentrate on environmental studies, adding a community-focused dimension to Google’s expansion.
Rachel Loeb, president and CEO of the New York City Economic Development Corporation, highlighted the job creation aspect of Google’s growing presence. “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 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.” Her statement reinforces the narrative of Google’s investment as a catalyst for economic growth and a testament to New York City’s enduring appeal as a global tech hub.
This acquisition of St. John’s Terminal and the ongoing development at Pier 57 collectively represent a substantial and multifaceted investment by Google in New York City. It not only provides state-of-the-art office space for its expanding workforce but also contributes to the city’s economic recovery and reinforces its status as a leading global center for technology and innovation. Google’s deepened roots in NYC signal a long-term commitment to the city’s future.
