Despite the ball pit and proximity to the High Line, it seems not everything is happiness and light at 111 Eight Avenue, Google’s home in New York. The New York Post reports that the NYPD is currently seeking a man caught on tape last Thursday, drawing a swastika in the building’s elevator.
Google New York
Google’s property taxes on its massive $1.8 billion office in Chelsea are about to go up by 17 percent, reports the Wall Street Journal, because the neighborhood’s commercial value has increased as a whole. Ironically, Chelsea’s commercial scene is hoppin’ in large part due to–Google. “Google’s purchase has helped in transforming what had been something of a commercial backwater in Chelsea into a hot zone, boosting the value of the building,” the Journal writes. The value of the building has more than doubled since Google first leased space there in 2006. Google has the right to challenge the assessment. A company spokesman declined to comment to the paper, but we bet someone will be getting a call. “Mike, this is Larry. Wtf.”
David vs. Googliath
The last time Betabeat was at Googleplex East, we rode the elevator up with a Russian-speaking developer sporting a Google “5th floor” t-shirt. But if the search giant has its way, those floor-pride shirts might soon read “14th” and “15th.”
For now, however, Donnie Deutsch, the ad exec and former CNBC host that New York magazine called “the last of the Madison Avenue wild men,” is standing in the way. His advertising agency has a lease for 140,000 square feet on the 14th and 15th floors that doesn’t end until 2013, reports the New York Post.
Google has been trying to buy out tenants in plans to expand within its 2.9 million square foot building, “which looms over the neighborhood and provides great light and air to its tenants.”
In the parlance of the data-center crowd, 111 Eighth Avenue is New York’s premier “CoHo”, or “Carrier Hotel”.
The building’s enormous size and position directly over an important fiber optic line make it one of the “world’s choicest pieces of Internet real estate.”
Wall Street caught on to this early, moving electronic trading units in Read More