Monday, October 23, 2017

New York City is duking it out for Amazon's headquarters by offering 62.5 million square feet of space

Amazon plans to make its decision in 2018.

Amazon plans to make its decision in 2018.

The financial-services division of Moody's Analytics recently examined Amazon's HQ2 stipulations against 65 cities with at least one million residents. The New York-New Jersey metro area ranked as #6.

The financial-services division of Moody's Analytics recently examined Amazon's HQ2 stipulations against 65 cities with at least one million residents. The New York-New Jersey metro area ranked as #6.

Source: Business Insider

The city's proposal has some critics. Eight local community organizations have signed an open letter to Bezos, demanding that the company invest in its chosen city's workers, transportation infrastructure, and housing.

The city's proposal has some critics. Eight local community organizations have signed an open letter to Bezos, demanding that the company invest in its chosen city's workers, transportation infrastructure, and housing.

Source: Our HQ2 Wish List

Amazon already has a large footprint in the city. In September, the company signed leases for seven floors of a Manhattan West Tower and a 855,000-square-foot distribution center in Staten Island.

Amazon already has a large footprint in the city. In September, the company signed leases for seven floors of a Manhattan West Tower and a 855,000-square-foot distribution center in Staten Island.

Source: Curbed and Gothamist

In the bid, NYC Mayor Bill de Blasio wrote a letter to Amazon CEO Jeff Bezos, expressing enthusiasm for the possibility of HQ2 coming to the city. But on bid day at a Brooklyn town hall meeting, de Blasio said Amazon is "very destructive" to local communities and businesses.

In the bid, NYC Mayor Bill de Blasio wrote a letter to Amazon CEO Jeff Bezos, expressing enthusiasm for the possibility of HQ2 coming to the city. But on bid day at a Brooklyn town hall meeting, de Blasio said Amazon is "very destructive" to local communities and businesses.

Source: Politico

Unlike several other cities, NYC is not offering any special tax incentives, beyond those already available to companies.

Unlike several other cities, NYC is not offering any special tax incentives, beyond those already available to companies.

Source: The New York Times

Though the bid doesn't include specific design plans for any of the proposed sites, it does tout NYC's many advantages, including a large and diverse population, and access to multiple airports and mass transit (despite recent subway problems).

Though the bid doesn't include specific design plans for any of the proposed sites, it does tout NYC's many advantages, including a large and diverse population, and access to multiple airports and mass transit (despite recent subway problems).

Finally, there is over 15 million square feet available for HQ2 in the Brooklyn Tech Triangle.

Finally, there is over 15 million square feet available for HQ2 in the Brooklyn Tech Triangle.

The Brooklyn Tech Triangle includes Dumbo, the Brooklyn Navy Yards, and Downtown Brooklyn.

... and 8.5 million square feet of potential space in the Financial District in Lower Manhattan.

... and 8.5 million square feet of potential space in the Financial District in Lower Manhattan.

There is over 13 million square feet of space available in Long Island City ...

There is over 13 million square feet of space available in Long Island City ...

In Midtown West, the city says there is over 26 million square feet of space — in a range of building types from office towers to "historic gems."

In Midtown West, the city says there is over 26 million square feet of space — in a range of building types from office towers to "historic gems."

One of America's largest real estate developments in history, Hudson Yards, is under construction in this neighborhood.

New York City is proposing four sites across three boroughs for Amazon's HQ2: Midtown West and the Financial District in Manhattan, the Brooklyn Tech Triangle, and Long Island City in Queens. Collectively, the proposed areas span 62.5 million square feet.

New York City is proposing four sites across three boroughs for Amazon's HQ2: Midtown West and the Financial District in Manhattan, the Brooklyn Tech Triangle, and Long Island City in Queens. Collectively, the proposed areas span 62.5 million square feet.

Source: The New York City Economic Development Corporation


Source: Business Insider India