Amazon to buy Lord & Taylor headquarters and make it it’s official headquarters.

[Anerdyblackguy]

Amazon buying former Lord & Taylor for NYC HQ - report
Mar. 12, 2020 6:12 PM ET (AMZN)By: Jason Aycock, SA News Editor5 Comments

• Amazon.com (NASDAQ:AMZN) is paying $1.15B cash to buy the former Lord & Taylor flagship store in Manhattan, the New York Post reports.
• That 660,000-square-foot building was set to be headquarters for WeWork (WE) before that company's scandal-plagued fall.
• Now, Amazon will pick up $750M in construction loans that had been taken out for remodeling, with some $350M in equity left for building owners. WeWork waives economic interest in the building in exchange for getting out of its lease.
• It will become Amazon's NYC headquarters, housing about 4,000 employees who will move in in about 18 months, according to the report.

 

[Kane1]

Bezo strikes again ​

 

[newworldafro]

 

[Lil Bape the PostGod]

Wow..basically right in the middle of everything

bezos ain’t playin

 

[Alvin]

Loved that department store

 

[loyola llothta]

Evil guys keep winning

 

[Strapped]

I told y'all amazon needs NYC more than NYC needs them , thank you AOC

 

[Yinny]

Good they sell ugly clothes for old ladies

 

[Apollo Creed]

Still way smaller scale than hq2

 

[BigMoneyGrip]

He right on Trump Block too for the Debo rights

 

[UberEatsDriver]

They ditched Queens to put it in Manhattan. I guess this makes sense since people like AOC can’t say shyt since most people in Manhattan are high income earners and the other fact being that this is not a residential area like Long Island City was

 

[⠀X ⠀]

That retail Apocalypse

 

[Collateral]

Rich gettin richer, & the po’ keep getting po’er

 

[UberEatsDriver]

Loved that department store

got some nice suits there

 

[Uitomy]

Rich gettin richer, & the po’ keep getting po’er

Jokes on them tho
This a consumer economy
If nobody consuming, they gonna be feeling the burn too
Well the companies, if say about half the rich gonna stay rich and the other half are gonna get surprised fukked