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Google enlarges NY footprint with US$2.4b Chelsea Market deal

It is only the latest example of an internet behemoth, and even smaller tech companies, expanding rapidly in New York City

Published Thu, Feb 8, 2018 · 09:50 PM
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New York

IT is a tech takeover.

Google, the tech company with a seemingly insatiable appetite for space in New York, is buying Chelsea Market, the blocklong Nabisco factory turned food mart, office building and tourist attraction, for about US$2.4 billion.

This is according to two executives who have been briefed on the deal but requested anonymity because they were not authorised to discuss it publicly.

Chelsea Market sits directly across Ninth Avenue from the company's headquarters at 111 Eighth Ave, which is larger than the Empire State Building and covers the entire block between 15th and 16th streets.

But it is only the latest example of…

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