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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 York’s Chelsea neighborhood. The building is so big, in fact, that it has elevators large enough to accommodate 18-wheel semi-trucks.
And yes, that’s a helicopter landing pad on the roof.
It’s tough to describe how massive 111 Eighth Avenue is — 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, it’s rare to find one that is so horizontally gigantic.
It’s by far the largest U.S. real estate transaction of the year. [wired.com...]
The New York Post wrote that the Art Deco building has “numerous back-up generators, lots of electrical power, antennas, fiber optics and high-tech facilities available to tenants.” ...
The massive, 2.9-million-square-foot building already houses Google’s offices, as well as several major data centers.
Level 3 Communications, Inc. today issued a statement in response to the Verizon-Google Legislative Framework Proposal. The following statement can be attributed to John M. Ryan, assistant chief legal officer and head of Regulatory Affairs for Level 3 Communications:
“We are encouraged that two companies with diverse business interests in the broadband Internet have been able to come to agreement on an issue as controversial as network neutrality. Like both companies, Level 3 believes that the government has a role to play in assuring an open, dynamic, improving and ubiquitous broadband Internet for U.S. citizens. We share their view that government must preserve innovation, advance policies that encourage accelerated investment in broadband infrastructure, and protect competition within all portions of the Internet market.
Google helps guide US legislation?
The only thing I find important in this story, is that NYC is home of Madison Avenue. Google wants *all* their business. This is a beachhead in enemy territory...
Also home of Wall Street, and milliseconds count in today's computerized trading. A datacenter there could be worth far more than one might think at first glance...