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
Fri, Feb 09, 2018 - 5:50 AM
Owning Chelsea Market would enable Google to create a campus akin to its headquarters in California, albeit one that is more vertical. At the end of 2017, tech firms accounted for 29.3 million, or 8 per cent, of the 398 million square feet of office space in New York City.
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.