Alphabet to invest over 1 billion dollars in new NYC campus

The expansion would make Google one of the city's largest commercial tenants. File Pic

Google's parent company Alphabet said Monday it was investing over USD 1 billion in capital improvements to establish a new campus in New York City. In a blog post, Alphabet and Google CFO Ruth Porat wrote that it is leasing large office buildings in the West Village neighbourhood, the centrepiece of a campus more than 1.7 million square-feet large.

The expansion would make the company one of the city's largest commercial tenants and add thousands of jobs in the next years, according to The Wall Street Journal. The new campus, which should be operational starting in 2020, will be known as Google Hudson Square and "will be the primary location for our New York-based Global Business Organization," Porat wrote.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever