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Old Posted Oct 17, 2017, 1:12 PM
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NYguy NYguy is offline
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Join Date: Jul 2001
Location: Borough of Jersey
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I still want Deutsche Bank here, but this is just one of a few sites being mentioned as a possible NY proposal for Amazon...



http://www.crainsnewyork.com/article...w-york-deliver

Here's where Amazon could put HQ2 in NYC
The e-tailer has pledged $5 billion and 50,000 jobs to the city that wins its second headquarters. There is no shortage of interested bidders in the city



By Daniel Geiger
October 15, 2017


Quote:
Real estate execs and business leaders say they are confident New York will be on Amazon's short list after bids for its second headquarters are submitted this week.

After all, the metropolitan area is Amazon's No. 1 sales market, and it's a priority for the company to grow its footprint here. The e-tailer last month leased 360,000 square feet at 5 Manhattan West on top of the 470,000 square feet it already occupies at 7 W. 34th St. In August the company committed to an 855,000-square-foot warehouse on Staten Island to serve as a "last mile" delivery facility.

While skeptics have argued that New York is too expensive to compete with less pricey areas of the country, several pockets of the city offer as-of-right subsidies that could significantly lower costs. Space at the World Trade Center, for instance, comes with a roughly $10-per-square-foot discount when factoring in tax-savings programs and other perks. The Relocation and Employment Assistance Program lowers business income taxes for companies that move jobs to northern Manhattan or the other four boroughs and the Industrial & Commercial Abatement Program lowers property taxes for certain uses depending on their location.

....."They're basically asking to occupy the equivalent of a fleet of huge Midtown skyscrapers," said Ken McCarthy, an economist at Cushman & Wakefield. "There has never been a requirement this large."

Business and political leaders from 23 neighborhoods threw their hat into the Amazon ring. The city's Economic Development Corp., which is coordinating New York's response to the RFP, was expected to winnow down the list to a handful of neighborhoods best equipped to meet Amazon's requirements. Through interviews with executives and city officials with knowledge of the process, Crain's has identified the leading contenders.

WORLD TRADE CENTER

The advantage here is that Amazon could have most of the place to itself. By occupying the roughly 2.5 million square feet of combined available space in 1 and 3 WTC, plus the additional 4.5 million square feet planned for the yet-to-be-built 2 and 5 WTC buildings, the company would be well on its way to reaching its long-range goal of 8 million square feet.

The remaining space could be sourced from dozens of nearby Class A buildings, whether just across the street at Brookfield Place or in the less expensive eastern section of the Financial District.

No other site in the country sits at a more robust nexus of mass transit, with connections to PATH trains, 14 subway lines—most accessible from the retail hub at the site's Oculus mall—and the Staten Island Ferry.

World Trade tenants are also entitled to a host of as-of-right benefits, including exemptions on the sales tax for construction materials, real estate and commercial rent taxes and electricity discounts that together would shave about $10 per square foot off rent over the life of the lease, according to Jeremy Moss, a leasing executive at Silverstein Properties.
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