Google has been fortunate to call New York City home for more than 20 years, during which time we have grown to 12,000 employees. New York’s vitality, creativity and world-class talent are what keep us rooted here. It is why we’re announcing today that we are deepening our commitment to New York and intend to purchase the St. John’s Terminal in Manhattan for $2.1 billion, which will serve as the anchor of our new Hudson Square campus.
As Google moves toward a more flexible hybrid approach to work, coming together in person to collaborate and build community will remain an important part of our future. It is why we continue investing in our offices around the world. Our decision to exercise our option to purchase St. John’s Terminal further builds upon our existing plans to invest more than $250 million this year in our New York campus presence. It is also an important part of meeting our previously announced racial equity commitments, which include continuing to grow our workforce in diverse communities like New York.
The St. John’s Terminal site at 550 Washington Street, which we currently lease and expect to open by mid-2023, will be one part of the already sizable investment we’ve made in New York — Google’s largest office outside California. We’ve made substantial progress in building out our 1.7 million-square-foot Hudson Square campus that will serve as the New York headquarters for our Global Business Organization, which includes our sales and partnership teams. The St. John’s Terminal transaction will close in the first quarter of 2022.
St. John’s Terminal is a former freight facility that is being reimagined into a highly sustainable, adaptable and connected building. Its biophilic design connecting people more closely to nature will add numerous outdoor open spaces and reconnect the Hudson Square neighborhood to the waterfront. The building will also offset 100% of its carbon in support of Google’s ambitious carbon goals.
