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

Anerdyblackguy

Anerdyblackguy

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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.
 
newworldafro

newworldafro

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In the Silver Lining
Featured1-Lord-and-Taylor-Fifth-Avenue-NYC-Untapped-Cities.jpg1_.jpg
 
UberEatsDriver

UberEatsDriver

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Brooklyn keeps on taking it.
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
 
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