Google upping its footprint at Pier 57

Tech giant just agreed to buy Chelsea Market building for $2.4B

New York /
Feb.February 09, 2018 08:30 AM

Rendering of Pier 57 and Google CEO Sundar Pichai (credit: RXR Realty)

Google seems to be in an expanding mood when it comes to its presence in New York City.

The tech giant is adding another 70,000 square feet to its new digs at Pier 57, Crain’s reported. Google initially agreed to lease 250,000 square feet at the 480,000-square-foot office-and-retail complex, which is being developed by RXR Realty and Youngwoo & Associates. The company will lease an additional 50,000 square feet for public and educational activities.

News of the expansion came just days after The Real Deal reported that Google is buying the Chelsea Market building from Jamestown for more than $2 billion. If the deal closes at around $2.4 billion, it would be the second-priciest single-building sale in New York City history.

The deal at Pier 57 means that an expansive food market initially intended for celebrity chef Anthony Bourdain will be downsized to roughly 40,000 square feet. In December, Bourdain said that he still didn’t have a lease at the complex, despite signing a letter of intent to lease 155,000 square feet.

Google is also negotiating to take 200,000 square feet of short-term space at the Starrett Lehigh Building at 601 West 26th Street, while the Pier 57 space is being built out. [Crain’s] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
270 W Montauk Hwy, Hampton Bays, NY (Loopnet)
Legendary Hampton Bays bar up for sale
Legendary Hampton Bays bar up for sale
Prologis Chairman and CEO Hamid Moghadam (Getty, Prologis)
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Aulder Capital CEO Jonah Bamberger and 162-164 East 82nd Street (Rosewood Realty Group, Slate Property Group)
Two Upper East Side apartment buildings head to foreclosure sale
Two Upper East Side apartment buildings head to foreclosure sale
Stripes founder Ken Fox and a rendering of 40 10th Avenue (Stripes, Neoscape)
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
CRE held up through the pandemic far better than most expected (iStock)
How commercial real estate survived the pandemic
How commercial real estate survived the pandemic
Harbor Group grabs $558M in financing for Black Rock purchase
Harbor Group grabs $558M in financing for Black Rock purchase
Harbor Group grabs $558M in financing for Black Rock purchase
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...