Google to spend $1 billion to establish new campus in NY

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"Google Hudson Square will be the primary location for our New York-based Global Business Organization", Porat wrote in the blog. In total, the new space is reported to span more than 1.7 million square feet.

It also comes after Apple unveiled plans for a $1 billion campus in Austin, Texas.

As noted by the New York Times, Google arrived in New York in 2006 with no fanfare, but it has since been criticized for contributing to Chelsea's gentrification, while food vendors claim to have lost sales because of its in-house cafeterias.

Google says it will spend $1 billion to create a new campus in Manhattan, looking to more than double the number of its employees in New York City in coming years.

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Supreme Court Chief Justice John Roberts had cited that power in his decision to cast the deciding vote to uphold the law. He did not, however, issue an injunction, meaning the law can continue to be applied as the appeal process continues.

The company's plans to invest outside its home base mirror those of other USA tech giants such as Apple Inc, which said last week it would spend US$1 billion to build a new campus in Austin, Texas. (Pictured above: Artist's rendering of 315 Hudson St., which is now undergoing redevelopment by its owner, real-estate firm Jack Resnick & Sons.) That will be followed by the nearby St. John's Terminal building, at 550 Washington St., in 2022 once the building is complete.

For more on Google's $1 billion expansion in New York City, follow on over to The Washington 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 company also helped bring over 5,000 free Wi-Fi hotspots to the New York Public Library System. "Our investment in NY is a huge part of our commitment to grow and invest in US facilities, offices and jobs", she wrote.

The company's shares were down 1.2 percent at US$1,038.43. "That means supporting the infrastructure and services that make our neighborhoods unique places to work, live and play", said Google and Alphabet CFO Ruth Porat in a blogpost.