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Saturday, May 25, 2019

NYC’s Chelsea becomes more solidly Googleopolis

You can call Chelsea “Googleopolis.”
The tech giant already owns or rents nearly all the property between West 15th and West 16th streets from Eighth Avenue to the middle of the Hudson River on Pier 57, and Wednesday it announced ownership of another property in the neighborhood, acquiring the Milk Building at 450 W. 15th St. from Jamestown Properties for an undisclosed sum.
Jamestown was represented by Doug Harmon, Adam Spies, and Kevin Donner at Cushman & Wakefield, and Google was represented by Darcy Stacom at CBRE.
The building is connected by a bridge to Chelsea Market, which Google also owns after acquiring it from Atlanta-based Jamestown last year for $2.4 billion.
Google plans to occupy three of the Milk Building’s eight floors.
“This purchase will help us meet our short-term growth needs in Chelsea-Meatpacking,” said William Floyd, Google’s director of external affairs. “We are excited by this investment and are committed to continuing to contribute to the vibrancy of this amazing neighborhood.”
This is Google’s third property purchase in Chelsea since 2010.
Google has more than 8,000 employees in the city and says it plans to double that number in the next decade.
It owns 111 Eighth Ave., the city’s fourth-largest office building, with 2.9 million square feet.
In December, the tech giant announced that it will double its Manhattan workforce by opening a $1 billion Hudson Square office campus which would make the company one of the city’s biggest office tenants.

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