Google acquires the St. John’s Terminal on the west edge of Manhattan for $2.1 billion, it is the largest commercial real estate purchase in America after the beginning of the pandemic.
The purchase will close by the first quarter of 2022 and this site is likely to open by mid-2023 Google said in a press release.
“New York’s energy, creativity, and world-class talent is what keeps us rooted here and why we’re deepening our commitment with plans to purchase St. John’s Terminal, we look forward to continuing to grow along with this remarkable, diverse city,” said Ruth Porat, Alphabet, and Google Chief Financial Officer, in the release.