It’s not quite the Googleplex, but for that they’d have to rip up Central Park. Google has purchased a building in New York City for the sky-high price of $1.8 billion. The 18-story building, with the address 111 8th Avenue, occupies an entire city block and has 3 million square feet of space, making it bigger, in square footage, than the Empire State Building.
According to initial reports, the price was about $700 per square foot, considerably higher than the average New York City price of about $500. Google previously rented space in the building, but now it is consolidating its Internet empire, extending from sea to shining sea.
Read More at the LA Times.
Read More at the Business Journal.