Google has signed the lease for its 1.3 million s/f office complex at the redeveloped St Johns Terminal building in Hudson Square.
Owner Oxford Properties Group announced it has completed lease negotiations with the tech behemoth to occupy the entire property, located at 550 Washington Street at the corner of Houston and West Streets.
Oxford is in the first phase of its redevelopment of the one-time High Line freight terminal, removing the overpass covering Houston Street at the north side of the building. That is expected to be completed by the end of this month. The adaptive re-use plan was designed by COOKFOX.
Kevin Egan, Head of North America investment for the Canada-based Oxford, said, “As we build our development platform in the US, projects like St John’s Terminal, and collaborations like the one we’ve built with Google represent the types of projects and partnerships we look forward to building upon.
“St. John’s Terminal highlights the evolution of our U.S. business and we’ve been able to create a transformative vision supported by one of the world’s most innovative companies.”
William Floyd, director of Public Policy for Google, said, “Google is confident that 550 Washington will be a great location for our growing New York City workforce. We look forward to working with Oxford and the local community to ensure this iconic building continues adding to the vibrancy of the neighborhood.”
Oxford was represented in-house by Adam Frazier in collaboration with Paul Amrich and Howard Fiddle of CBRE.
The Terminal property will be part of the new Google Hudson Square campus that also includes offices at 315 and 345 Hudson Street. At Resnick-owned 315 Hudson Street, Google will occupy five floors topped by a rooftop garden and a cafe.
In February Google bought the Chelsea Market building, across the street from its HQ at 111 Eighth Avenue, for $2.4 billion. It is also taking over the space at Pier 57 that was originally intended for the Bourdain Market.