Posted Nov 10, 2018, 5:41 PM
|
 |
New Yorker for life
|
|
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,916
|
|
https://www.google.com/amp/s/www.wsj...hq2-1541794255
Landlord, Facing Loss of a Big Tenant, Pins Hopes on Amazon HQ2
Savanna hopes Amazon.com will put some HQ2 operations in its building, formally known as One Court Square, in Long Island City
By Keiko Morris and Craig Karmin
Nov. 9, 2018
Quote:
The owners of a soaring office tower in the Long Island City neighborhood of Queens are in a tough spot. Their best hope out may be Amazon.
Savanna, a New York real-estate investor, faces a looming, million-square-foot hole in One Court Square, the 53-story property that many New Yorkers know best as the tower with the Citi sign staring out across the East River.
The investment firm is in advanced discussions with Amazon.com to lease much or all that vacant space, if the online retail giant decides to put some of its HQ2 operations in New York, according to people familiar with the matter.
|
Quote:
If Long Island City is one of the picks, Amazon would need office space in addition to Savanna’s 1.4 million-square-foot building. The retailer is in talks with other firms for buildings and development sites, people familiar with the discussions said.
|
Quote:
For Savanna, a deal with Amazon would help make its bet on One Court Square work. Citigroup , the main tenant there since 1989, has indicated it plans to move out most of its employees in 2020, vacating a million square feet. The bank has the option to occupy the remaining 400,000 square feet after 2020 but hasn’t indicated if it will do so, according to a person familiar with the discussions.
|
__________________
NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
|