Alphabet is close to acquiring the iconic Chelsea Market in Midtown Manhattan for over $2 billion. The market totals 1.2 million square feet and sits across the street from the company’s New York headquarters, a 2.9 million-square-foot building that it bought for $1.8 billion in 2010. Quartz reports: Google is already the Market’s largest tenant, having steadily expanded its footprint to about 400,000 square feet. The tech giant hasn’t revealed plans for the property, but according to The Real Deal, the company is expected to maintain the status quo. Alphabet’s aggressive expansion in New York follows a growing trend of tech giants taking over cities. With their outsized share of the economy, tech companies are exerting increasing influence over urban infrastructure and development.
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