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The Chelsea Market building. Photo: George Rose/Getty Images

Google is on the verge of spending billions on another major building in Lower Manhattan, Mark Maurer reports at The Real Deal.

Why it matters: Tech's growing real estate presence in New York is a reflection of its massive clout and power. Amazon signed a lease last fall, for example, on more than 350,000 square feet of additional office space elsewhere in Manhattan.

The details: The Real Deal reports that Google is nearing the purchase of the Chelsea Market building from real estate company Jamestown. The price will reportedly exceed $2 billion.

  • The company has a lot of office space in the building — which is famous as a retail hub. "Google was expected to try and muscle out other tenants at the building, where it has been rapidly swallowing up space, expanding with each lease expiration at the property," Maurer reports.
  • The building sits across 9th Ave. from Google's primary office building in New York. Both of the buildings are very large, with each spanning an entire crosstown block.

Go deeper

Updated 11 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong to put tens of thousands on lockdown as cases surge.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.

Trump impeachment trial to start week of Feb. 8, Schumer says

Senate Majority Leader Chuck Schumer. Photo: The Washington Post via Getty

The Senate will begin former President Trump's impeachment trial the week of Feb. 8, Majority Leader Chuck Schumer announced Friday on the Senate floor.

The state of play: Schumer announced the schedule after reaching an agreement with Republicans. The House will transmit the article of impeachment against the former president late Monday.

13 hours ago - Health

CDC extends interval between COVID vaccine doses for exceptional cases

Photo: Joseph Prezioso/AFP via Getty

Patients can space out the two doses of the coronavirus vaccine by up to six weeks if it’s "not feasible" to follow the shorter recommended window, according to updated guidance from the Centers for Disease and Control and Prevention.

Driving the news: With the prospect of vaccine shortages and a low likelihood that supply will expand before April, the latest changes could provide a path to vaccinate more Americans — a top priority for President Biden.

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