Who said the office is dead? Google is paying $2.1 billion for a New York City building in the largest American office deal since 2018. The deal is for a 1.3 million-square-foot waterfront building at Hudson Square in Manhattan that is set to be completed in 2023.
Google had already signed an agreement to lease the Hudson Square office building from owners Oxford Properties Group and Canada Pension Plan Investments in 2018. The terms of the lease included an option to buy the building, which Google said it will exercise in the first three months of 2022. The 12-story building at 550 Washington St. takes up two full city blocks. It was originally constructed in 1930 as a terminal for freight trains that ran on what is now the High Line.
NY POSTPhoto: COOKFOX Architects