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Google is reportedly dropping $2 billion on Chelsea Market, a food mecca and office building in NYC — here's what it's like inside (GOOGL)

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chelsea market

  • Google is buying the Chelsea Market building in New York City for $2 billion, according to a report by The Real Deal.
  • Google is already the building's largest tenant, with about 400,000 square feet of office space. 
  • The company has not yet confirmed whether the building's food-market vendors will be pushed out.

 

Google just got a little closer to dominating the New York real estate market — in Chelsea, at least.

The tech company is buying the Chelsea Market building for $2 billion, The Real Deal reported. Google is already the largest tenant in the building, leasing about 400,000 square feet of office space. The entire building offers about 1.2 million square feet of space.

Chelsea Market isn't your typical office building. Its most attractive feature is a massive food market on the first floor, offering high-quality food to tourists and locals alike.

Google has not confirmed whether the food market will be kept running or whether vendors will be pushed out once their leases with the current owner, Jamestown, expire. Google did not immediately respond to Business Insider's request for comment.

Take a look at these photos which show what it's like to shop in the food market:

SEE ALSO: Arby's and Buffalo Wild Wings are joining forces to create a fast-food empire — here's what could change

Chelsea Market is located in a hip neighborhood on the west side of Manhattan.



The structure itself is huge, taking up the entire block. It totals 1.2 million square feet of office space.

Source: Crain's New York, The Real Deal



Google's New York City headquarters are right across the street at 111 Eighth Avenue, in the former Port Authority building. The search giant reportedly paid $1.8 billion for the building in 2010, and it's so big that its elevators can accommodate 18-wheeler trucks.

Source: Wired

 

 



See the rest of the story at Business Insider

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