550 Washington, known as St. John’s Terminal, is a highly-coveted pool of potential among developers in New York City. In 2017, the historic site was acquired by Oxford Properties, where it was then sold to Google for $2.1 billion in 2022. The purchase served as a key component–the heart–of the company’s intentions to develop a new corporate campus. Alongside 550 Washington, Google also acquired two other developments, 315 and 345 Hudson Street, as part of the company’s grand “Googleplex” plan.
Google’s “Googleplex” Represents a Vision of Economic Recovery, Tech Growth in NYC
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