Amazon Leases New Manhattan Office Space, Less Than a Year After HQ2 Pullout
06 Diciembre 2019 - 4:57PM
Noticias Dow Jones
By Keiko Morris
Amazon.com Inc. has agreed to take new office space in Midtown
Manhattan, showing a renewed commitment to New York City less than
a year after it abruptly dropped plans to locate its second
headquarters in Queens.
The giant online retailer said it has signed a new lease for
335,000 square feet on the city's west side in the new Hudson Yards
neighborhood, where it will have more than 1,500 employees. Amazon
is taking the space without any of the special tax credits and
other inducements the company had been offered to build a new
headquarters in the Queens neighborhood of Long Island City, the
company said.
The new lease represents Amazon's largest expansion in New York
since it stunned the city by abandoning those earlier plans. Amazon
pulled back after facing a backlash from some politicians and
activists over the roughly $3 billion in financial incentives the
city and state had extended to woo the company and the 25,000 new
jobs it had pledged to create.
Many in the New York business community worried that Amazon's
withdrawal would signal to other tech giants and large companies
that New York had become inhospitable to business.
Now, Amazon's continued expansion marks the latest sign that
tech companies are scrambling for prime Manhattan real estate in
order to attract the city's large and well-educated talent
pool.
Facebook Inc. said last month that it had signed a lease for a
1.5 million square-foot campus at Hudson Yards, and the social
media company is in talks to take about 700,000 square feet at a
project under redevelopment across the street from Penn Station,
according to people familiar with the matter.
Alphabet Inc.'s Google, which has plans to add 7,000 employees
over the next decade in the city, signed a lease earlier this year
for 1.3 million square feet at a converted former freight terminal
in the Hudson Square neighborhood as well as space in two other
buildings nearby.
Amazon already has more than 3,500 employees in its New York
City tech hub and will continue to grow, the company said. It
employs more than 8,000 people between its tech hub and fulfillment
centers in the area.
The new location, which owner SL Green Realty Corp. is
redeveloping, will house staff in the company's consumer and
advertising groups. The building will have a 5,000 square-foot roof
deck, huge industrial style windows and a number of terraces.
"We plan to continue to hire and grow organically across our 18
Tech Hubs, including New York City," an Amazon spokeswoman
said.
Write to Keiko Morris at Keiko.Morris@wsj.com
(END) Dow Jones Newswires
December 06, 2019 17:42 ET (22:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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