Google Confirms Massive Atlanta Expansion In New Midtown Tower
Google confirmed Tuesday its massive Atlanta expansion is focused in Midtown.
The technology giant announced it will occupy 19 stories, or 500,000 square feet, of 1105 West Peachtree after initially suggesting it would take up five floors of the 31-story Midtown tower.
The Atlanta Business Chronicle previously reported on Google’s plans to occupy at least 470,000 square feet of the building. Google’s cost to build-out its office space could exceed $50 million, and the value of its long-term lease likely surpasses $300 million, according to market sources.
Google (Nasdaq: GOOG) released details of its Atlanta expansion after announcing a nationwide plan to invest more than $7 billion in its offices and data centers and create at least 10,000 new full-time roles in New York, Chicago, Washington, D.C., and Atlanta by 2025.
About 1,000 of those roles will be added in those four cities by the end of the year, according to a Google spokesperson. A more specific job estimate for Atlanta was not available.
Google’s decision cements the city as an East Coast tech hub. Fellow tech behemoths Microsoft and Airbnb are also planning hubs, and the city’s startup ecosystem may be on the cusp of “exponential growth.”