|Google is down with New York City. |
So down, in fact, that the web search titan just dropped $1.9 billion to acquire one of the largest and most historic buildings in all of the Big Apple. At nearly 3 million square feet, 111 Eighth Avenue, the former Port Authority building, sits like a beached, red-brick cruise ship overlooking New Yorkís Chelsea neighborhood. The building is so big, in fact, that it has elevators large enough to accommodate 18-wheel semi-trucks.
And yes, thatís a helicopter landing pad on the roof.
Itís tough to describe how massive 111 Eighth Avenue is ó you really have to stand in front of it. But suffice it to say that it takes about 20 minutes to walk once around the building, which encompasses one of those very long city blocks found on the West Side. The size is all the more striking because in a densely-packed city like New York, which is full of very tall buildings, itís rare to find one that is so horizontally gigantic.
Itís by far the largest U.S. real estate transaction of the year. [wired.com...]