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A historical dive into Google's soon-to-be New York property, Chelsea Market (GOOGL)

Published by Business Insider on Sun, 18 Feb 2018


Google is acquiring New York City's Chelsea Market, a retail-and-office space in the Lower West Side of Manhattan, according to the Real Deal.The deal is expected to close in April for a reported $2.4 billion. That would make Chelsea Market the second most expensive single-building sale in New York history, surpassed only by the GM Building, which sold for $2.8 billion in 2008.But to fans of Chelsea Market's architecture and ambience, the building is more than just pricey real estate.Here's a closer look at the property's history.SEE ALSO:Google will reportedly buy the New York shopping emporium Chelsea Market for $2 billionChelsea Market is located on Manhattan's Lower West SideIts address is 75 Ninth Avenue. It's wedged between Google's New York headquarters at 111 8th Avenue and the search giant's new 320,000 square-foot building at Pier 57.The building formerly housed a National Biscuit Company factory.The company, also known as Nabisco, invented the Oreo at the factor in 1912 and produced the famous cookie there.Now the Chelsea neighborhood location houses a food hall, shopping mall, and corporate offices.A brass plaque commemorates the building's former tenant.Nabisco, the product of an 1898 merger of three baked-goods industry rivals, produced half of the country's cookies soon after it moved into this property. It grew quickly after it became a unified company. It added one structure after another to the site to create what will reportedly soon be Google's new New York City digs.The plaque is mounted on the building's 9th Avenue entrance between 15th and 16th street. A display case near the plaque showcases Nabisco memorabilia.See the rest of the story at Business Insider
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