Google to spend $1 billion to establish new campus in New York

Alphabet Inc's Google said on Monday that it is investing over $1 billion (793 million pounds) to establish a new campus in New York city, as it expands its presence in the city's technology corridor along the Hudson River.

The new leased campus, which is over 1.7 million square-foot, will be the primary location for Google's global business organization, the company said in a blog post.

The news comes on the heels of Amazon.com Inc picking New York as its second headquarters.

Earlier in March, Google had announced a $2.4 billion purchase of the Manhattan Chelsea Market.