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  #261  
Old Posted Dec 11, 2018, 3:00 PM
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https://therealdeal.com/2018/12/11/i...tch-to-amazon/

Inside New York’s pitch to Amazon
In a joint city and state proposal, sites were offered from Hudson Valley down to 3 World Trade Center and The Farley Building






December 11, 2018


Quote:
As part of the bidding process the state’s Empire State Development and the city’s Economic Development Corporation offered up to $3 billion in tax breaks and a dozen sites in the state, including several in the city, according to the Wall Street Journal. Among the city sites offered were the Farley Building in Midtown West, 3 World Trade, and space along the Brooklyn waterfront. The company also had its selection from sites on Long Island and the lower Hudson Valley.

The state’s ESD also offered to obtain property for the e-commerce giant in a bid to sweeten the deal.
Quote:
“Subject to public approvals, ESD is empowered to acquire, encumber and dispose of any real property interest, including through eminent domain,” the proposal reportedly stated. “ESD can also override local zoning, offer tax subsidies while holding title to a property, and provide lower-cost financing or grants to economic development projects.”

The proposal was released ahead of a series of City Council hearings on the HQ2 bidding process. The efforts in 2017 has been criticized by local politicians and activists for being conducted in secret.

“We wanted to be fully transparent about actions we have taken on this project to date,” the EDC said in a statement to the Journal.
Quote:
In Long Island City, the rents were much cheaper than other New York city sites, reportedly ranging from $24 to $49 a square foot.
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  #262  
Old Posted Dec 11, 2018, 9:03 PM
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https://www.6sqft.com/how-new-york-w...-neighborhood/

How New York won Amazon: See the official proposals for each NYC neighborhood

DECEMBER 11, 2018
BY DEVIN GANNON


























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  #263  
Old Posted Dec 12, 2018, 1:05 AM
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  #264  
Old Posted Dec 12, 2018, 10:37 PM
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https://therealdeal.com/2018/12/12/p...mazon-hearing/

Passions run high at combative City Council Amazon hearing
Pols had several criticisms about plan to bring tech giant to NYC


December 12, 2018


Quote:
The City Council had harsh criticisms for Amazon and the Economic Development Corporation during a contentious hearing on Wednesday about the tech giant’s move to Long Island City.

One of the strongest points of contention was a benefit that the plastics company Plaxall will receive for one of its sites near the proposed campus, according to Crain’s. Plaxall owns two sites that would be part of the Amazon campus, and a third property that it owns between 46th Avenue and 46th Road is also part of the headquarters plan for unclear reasons.

Plaxall would like to build either a roughly 500,000-square-foot residential building or an 800,000-square-foot office tower on the site, and it would not have to go through the ULURP process as part of the current development plan, as The Real Deal previously reported. Jimmy Van Bramer, the council member who represents Long Island City, told EDC president James Patchett he should be “ashamed” for that part of the deal.

“We’re not ashamed of this,” Patchett replied, according to Crain’s. “We’re proud to be here.”
Quote:
New York decided to use a state-controlled process to bring Amazon to Long Island City, which has sparked much frustration on the City Council. It has been used for past projects including Atlantic Yards in Brooklyn and Times Square’s redevelopment starting in the 1990s.

Amazon representatives defended the plan at the hearing as the best way for the company to build its project quickly and start hiring workers.
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“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.
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  #265  
Old Posted Dec 13, 2018, 1:20 AM
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How do y'all think anyone with a right mind thinks cities like New York function as they do?

Politics!

It an ontological imperative in a 21st Century world; and the bad needs to be taken along with the good.

This kid Ocasio-Cortez...and she is one: uneducated, unenlightened, entitled, arrogant, and just a tad on the flaky side...is in for a rather bumpy ride in her virgin crusade as a lawmaker.
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  #266  
Old Posted Dec 13, 2018, 1:30 AM
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A look at the city's portion of the state bid (there were bids for Long Island, and Westchester as well).







This bit got some complaints from curbed...

https://ny.curbed.com/2018/12/11/181...ogo-amazon-hq2




























Some sites pitched on the west side...










Long Island City (where Amazon ultimately ended up)















The city offered two areas of develoment, though Amazon chose to consolidate on a smaller area...














Some Brooklyn possibilities...






Of course, the WTC...















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“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.
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  #267  
Old Posted Dec 13, 2018, 2:36 AM
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If only this Amazon deal occurred earlier, around the time that Fox declined 2 WTC, maybe it could of been there.

Scrolling through the proposal packet, tons of options. The choice was clear from the beginning.

And even if it wasn't LIC, tons of other areas could of hosted it, but in the end, LIC was the best choice. At least from a cost perspective and somewhat better cost of living wise for the EE's (Manhattan vs Queens for example).

The nice thing about LIC is that any further expansion, down the line, would be much easier from a development perspective (buying a parcel, developing it). Down the line of course, 10...20 years in the future. Versus doing the same in Midtown for example.

Last edited by NYguy; Dec 13, 2018 at 3:02 AM.
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  #268  
Old Posted Dec 13, 2018, 3:05 AM
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Originally Posted by chris08876 View Post
If only this Amazon deal occurred earlier, around the time that Fox declined 2 WTC, maybe it could of been there.

I think it would have gone the same way. Amazon seems to want it's own space, which at the WTC or the Hudson Yards it wouldn't have. And LIC was always the cheaper option. Even before we had any idea the city would be one of the finalists, LIC was said to be the frontrunner in New York.



https://www.instagram.com/p/BqIy7cwHlpm/





https://www.instagram.com/p/BrS-fqInY7u/

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  #269  
Old Posted Dec 13, 2018, 3:32 AM
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This is so badass:


_

Now just imagine this x10 with Sunnyside Yard. The potential is overwhelming.
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  #270  
Old Posted Dec 13, 2018, 2:52 PM
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We could still end up with some type of interconnected campus, at least a portion of it. I'm ready to see how it plays out. It's planned to eventually reach 6 msf of office space, with the option of up to 8 msf. That's towers 1, 2, and 3 of the WTC, for a single tenant.

Also, the people Amazon are bringing in the next couple of years are only replacing the people who are already there, who in turn are moving to Manhattan and joining the commute Downtown. So anyone complaining about more people on the train aren't talking about Amazon employees.
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“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.
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  #271  
Old Posted Dec 13, 2018, 7:10 PM
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LIC HQ2 website...well needed source of info.

https://www.hq2.nyc


Amazon Headquarters in Long Island City, Queens


Quote:
After a yearlong competition, Amazon selected New York City over 236 other cities as the site of a new headquarters. Beginning in 2019, Long Island City will be the company’s northeast home. Amazon will initially create 25,000 good-paying jobs over 10 years, with a plan to grow to 40,000 over 15 years.
Quote:
In 2019, Amazon will occupy office space at One Court Square, beginning its New York City expansion with approximately 700 new jobs in 2019 and growing to nearly 3,000 in 2020.

In 2020, following public approvals, Amazon will begin to construct its waterfront campus around Anable Basin on public sites and private parcels that have long been owned by Plaxall, a local family industrial business.
Quote:
Amazon, the City and the State will each initially commit $5M ($15M total) in 2020 to launch new programs to train underrepresented segments of the workforce.

A local nonprofit will open a 10,000 square-foot onsite employment and training center on the Amazon campus, to actively train and recruit in the LIC community.

The City will expand its successful JobsPlus program to Queensbridge Houses, which assists with job searching and placement and provides financial incentives for employment. This $10M expansion will train and place 1,500 Queensbridge residents in jobs over the next ten years.

The City will launch a new Queens-focused program to train NYCHA residents for careers in IT, cybersecurity, and web development. This $3-5 million commitment will serve 200-300 residents.
Quote:
This is the largest single effort to attract new jobs in New York State history. It is projected to deliver over $186 billion in economic impact to New York over the next 25 years, including over $14B in tax returns to the State and over $13.5B to the City.
This project represents a 9 to 1 return on the State and City’s incentives, which is the highest return on investment we’ve ever had for an economic development project.

The increased tax revenue generated by Amazon’s new headquarters will be used to upgrade infrastructure, improve transportation, invest in our schools, and deliver services to New Yorkers.

The State will commit up to $1.7B in Excelsior Tax Credits and capital grants, based on Amazon’s delivery of job and investment commitments. Amazon will only receive incentives if/when they achieve their job and investment goals.

The City is providing no discretionary subsidies.

Under the City’s preexisting as-of-right programs, Amazon is eligible for a partial property tax abatement through ICAP and an annual credit of $3,000 for 12 years per eligible employee under REAP, a program available to all companies to encourage job growth outside of Manhattan.

REAP benefits for Amazon’s initial 25,000-job expansion are projected at $897 million through 2038, and ICAP will abate approximately $386 million in property taxes.
Quote:
The State will work in collaboration with the City to undertake an Environmental Impact Statement (EIS) and General Project Plan (GPP) for the project. This process has historically been used by the State and City to advance significant joint development projects. The EIS and GPP processes typically take 12-18 months and involve a series of public hearings and meetings:

A scoping hearing to ensure public participation in defining the scope of the Draft Environmental Impact Statement (DEIS).

Three ESD Board meetings at which the public can comment on the record.

An additional hearing on the GPP and DEIS, with opportunity for public comment.

A City Planning Commission meeting where the Commission will consider the project and vote on a formal recommendation to the ESD Board.
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“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.
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  #272  
Old Posted Dec 13, 2018, 7:26 PM
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Some EDC testimony befor the city council...
















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“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.

Last edited by NYguy; Dec 13, 2018 at 8:20 PM.
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  #273  
Old Posted Yesterday, 4:29 AM
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Some of Amazon's testimony before the council today...

























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“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.
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  #274  
Old Posted Yesterday, 11:16 AM
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I hope that Amazon builds something dramatic. Their Seattle HQ buildings are mundane.
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  #275  
Old Posted Today, 12:10 AM
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Originally Posted by JMKeynes View Post
Their Seattle HQ buildings are mundane.
What, their spheres?

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  #276  
Old Posted Today, 1:38 AM
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SHoP Architects had been working on some residential buildings a while ago for the area. I wonder if they will be brought in to work on the Amazon development, or at least the master plan.
But I can see them bringing in someone like Ingel's BIG to design the campus.



https://www.6sqft.com/revealed-shop-...t-development/

Quote:
REVEALED: SHoP Architects’ Long Island City Waterfront Development

NOVEMBER 23, 2015
BY ONDEL HYLTON


Here’s our first peek at Simon Baron Development, Quadrum Global and CRE Development’s three-tower Long Island City development slated to rise alongside the former Paragon Paint factory building at 45-40 Vernon Boulevard. Permits for the first tower were filed with the DOB back in June and detail a 28-story, 296-unit rental tower designed by SHoP Architects. The tower is part of a larger master plan that will revamp the eastern extents of the Anable Basin inlet with a waterfront esplanade and bring an additional 14-story residential tower at 45-24 Vernon Boulevard and an eight story building along 45th Road.

As per the renderings provided by SHoP, the design of the two lower towers is consistent with many of the firm’s recent New York City projects and feature copper-clad, orderly bases yielding to playful facades of angled projecting windows.













http://www.simonbaron.com/


















Here are some basic renders of the Anable Basin development that was going through ULURP before Amazon...


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NEW YORK. World's capital.

“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.

Last edited by NYguy; Today at 1:52 AM.
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  #277  
Old Posted Today, 1:57 AM
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https://rew-online.com/sotheby%CA%BC...tion-business/

Sothebyʼs eyes Amazon relocation business

by REW
December 14, 2018


Quote:
Regional branches of Sotheby’s International Realty are teaming up to launch a new website dedicated to serving those relocating for Amazon.

The companies include Daniel Gale Sotheby’s International Realty that covers Queens and parts of Long Island, Sotheby’s International Realty operated by NRT that covers Manhattan, and TTR Sotheby’s International Realty that serves Washington D.C. and parts of Virginia. They will be collaborating to create www.MyHQHomes.com.
Quote:
The website will target current and future employees of Amazon that might be considering a move to either of the recently announced HQ2 locations of Crystal City, Virginia and Long Island City, New York as well as Seattle area residents that may choose to sell or lease their local home.

A full web launch is planned for January 2019.

“Our goal is to provide an informational resource and personalized services through our exclusive network for Global Real Estate Advisors whom are resident experts in these target neighborhoods,” said Dean Jones, president and CEO of Realogics Sotheby’s International Realty.

Jones said many of his brokers have already worked with existing Amazon employees and new recruits that relocated to the Seattle area over the past several years.

Based on this experience, he predicts that most of the relocating employees surrounding HQ2 will initially prefer to rent before committing to a purchase and likewise, some local clients may decide to lease an existing home locally before committing to a more permanent move on the East Coast.
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“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.
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