MP3 CE#4

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"Tech firms, varying from Google to Amazon to Facebook, are each hiring thousands of workers and leasing or building millions of square feet in commercial real estate, rivalling Wall Street to become one of the area’s largest private employers and property occupants. In the process, they are transforming a city of finance, fashion and media into a hub for software, e-commerce and the Internet." This trend was started on Monday when Google announced that it was planning to create a $1 billion campus just south of West Village. By pushing to occupy this space, Google has become one of New York's biggest occupants of office space "allowing it to double its work force in the city to more than 14,000 over the next decade."

Google's new campus allows it to strength its position on Manhattans West Side. This will eventually lead to accelerating neighbourhood changes in the once industrial district just of West Village. This would be just like when Google transformed Manhattan's Chelsea neighbourhood where it had an office since 2006. The bought the Chelsea Market for 2.4 billion earlier this year and "an adjacent building in 2010, and it leases other space around that campus, about a 20-minute walk from its new offices."

Source: https://www.nytimes.com/2018/12/17/technology/google-new-york-campus.html?rref=collection%2Ftimestopic%2FComputers%20and%20the%20Internet&action=click&contentCollection=timestopics&region=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection

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