Posted Nov 6, 2018, 6:53 AM
|
 |
New Yorker for life
|
|
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,919
|
|
Now that I think about it, maybe Amazon could initially get some space here...
https://www.bisnow.com/new-york/news...t-square-91042
Citigroup Shrinkage Leaves 1M SF Hole At One Court Square
July 24, 2018
Miriam Hall
Quote:
The company is reducing its space in the building down to 400K SF, the New York Post reports, with its lease on the upper 31 floors set to expire in 2020. It is the first time the building, which spans 1.4M SF, will be available for rent. The asking rents will be between $55 and $65 per SF. “We’re excited to introduce this asset to the market,” Savanna Director of Leasing Brian Reiver told the Post. “Many folks have never been inside. We also think we can create a ‘main and main’ [retail mecca] at the centerpoint of Long Island City.”
Some investors and developers see the increasing population in Queens and the growing number of rentals and condominiums as a boon for the area. Additionally, New York State’s Relocation and Employment Assistance Program that offers businesses a tax credit to move jobs to the outer boroughs is said to be a big draw.
|
__________________
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.
|