The Real Deal New York

Google’s parent company sets its sights on St. John’s Terminal: report

Oxford is redeveloping the warehouse
October 30, 2018 08:30AM

A rendering of St. John’s Terminal at 550 Washington Street and Alphabet CEO Larry Page (Credit: Wikipedia)

Less than a year after the tech giant bought the Chelsea Market building, Google’s parent company is eyeing space at St. John’s Terminal.

Alphabet is considering space at St. John’s Terminal at 550 Washington Street, according to the New York Post. Oxford Properties Group is redeveloping the former rail warehouse into a 1.3 million-square-foot office building.

Details of what Alphabet would potentially want to do with the space — and how much the company is looking to take — weren’t immediately available. Earlier this year, Google agreed to buy the Chelsea Market building for more than $2 billion. The company’s acquired more than $4 billion of real estate in New York City alone and already leases space at 111 Eighth Avenue, 75 Ninth Avenue and Pier 57.

In March, The Real Deal mapped out Alphabet’s $14.5 billion in real estate assets. [NYP]— Kathryn Brenzel