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The 35-storey tower could potentially host 5,000 Google employees.
Google has signed a lease for a 35-storey tower in Austin, which is expected to be ready to be occupied in the second quarter of 2022.
The construction of the tower, which could potentially accommodate 5,000 workers, has already begun, the Austin-American Statesman newspaper reported on Thursday.
Google, however, did not comment on the transaction.
The new tower located in West Cesar Chavez and Nueces streets will have 790,000 square feet of space, according to the report, which quotes local real estate sources.
The news of the investment comes as Google's parent company, Alphabet, announced a profit on Monday.
In December, the research giant announced a $ 1 billion investment for a new campus in New York, CNBC reported.
In November, Google announced that it would spend $ 100 million building a "mega campus" in San Jose, on a 5-acre lot, near the headquarters located in Mountain View California .
Earlier in 2018, Google had also acquired the Chelsea market in Manhattan for $ 2.4 billion – which has been touted as the largest real estate purchase of 2018 in the United States.
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