Google plans to buy office space in New York City for $ 2.1 billion

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Google, which is owned by Alphabet Inc., plans to purchase an office building in Manhattan for $ 2.1 billion, despite the fact that most of its employees work remotely and companies use hybrid work models.

The deal for the St. John’s Terminal location in New York City, which is expected to open in mid-2023, will close in the first quarter of next year, CFO Ruth Porat said in a blog post on Tuesday.

The announcement comes almost a month after the company’s top boss Sundar Pichai emailed employees that Google is extending its voluntary return to office policy through January due to rising cases of the COVID-19 variant Delta.

The new investment “builds on our existing plans to invest more than $ 250 million in our New York campus presence this year,” said Porat.

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