Amazon

Learning from Seattle: How Amazon could shape NYC real estate

February 11, 2019

Learning from Seattle: How Amazon could shape NYC real estate

By Cait Etherington

Since Amazon announced it had selected Long Island City for its new headquarters last fall, a lot of people have wondered what will happen to the neighborhood and its surrounding communities. While LIC has already undergone a series of radical changes of the past two decades—first there was an influx of artists seeking larger live-work spaces and later a wave of condo developments—the arrival of Amazon promises to have an even deeper impact on LIC. And the potential negative effect of the tech giant moving into town has not gone unnoticed by public officials and locals, who have led a strong opposition campaign. It was reported on Friday that Amazon was reconsidering its plan to move to the neighborhood after facing an intense backlash from those who fear increased rents and even more congestion. But with no plan to officially abandon Queens, it's important to understand what could happen if Amazon does put down roots in LIC by first looking at how the company has already changed Seattle, where it first set up shop back in 1994.
More on the effect

Amazon is rethinking its move to Long Island City

February 8, 2019

Amazon is rethinking its move to Long Island City

By Devin Gannon

After facing months of intense backlash from residents and local officials, Amazon is rethinking its plan to open a massive complex in the Queens neighborhood of Long Island City, the Washington Post reported on Friday. Sources told the newspaper, which is owned by Amazon CEO Jeff Bezos, that executives at the tech company have had discussions to reassess the plan to open its "HQ2" in New York City. "The question is whether it's worth it if the politicians in New York don't want the project, especially with how people in Virginia and Nashville have been so welcoming," a source told the Post.
Find out more

Policy

Amazon will fight efforts to unionize by NYC workforce

A rendering of One Court Square in LIC, where Amazon will temporarily move this year; via NYCEDC

January 31, 2019

Amazon will fight efforts to unionize by NYC workforce

By Devin Gannon

During a heated City Council hearing on Wednesday, Amazon said it will oppose efforts by its New York City workforce to unionize. Speaker Corey Johnson asked Brian Huseman, the public policy vice president for Amazon, if the company would allow workers to unionize while remaining neutral during the process. Huseman responded, "No, sir," establishing a tense tone for the rest of the hearing, the Daily News reported.
More here

Policy

Amazon will fund computer science classes at 130 schools throughout NYC

Students learning how to code at Monsignor Scanlan High in the Bronx. Image courtesy of Amazon.

January 30, 2019

Amazon will fund computer science classes at 130 schools throughout NYC

By Alexandra Alexa

As part of ongoing campaigns and efforts to ease fears about the tech giant’s controversial arrival to New York City, Amazon announced yesterday that it will start offering computer science courses at 130 high schools throughout the boroughs. With funding from Amazon’s Future Engineer program, the company will start providing introductory and Advanced Placement Computer Science courses through the New York-based curriculum provider, Edhesive, as early as this fall. The plan covers 37 schools in Queens (the most of any borough), 27 high schools in Manhattan and the Bronx, 35 in Brooklyn, and 6 in Staten Island.
About the program

City Living

Amazon fuels HQ2 buzz with shiny new job postings

January 16, 2019

Amazon fuels HQ2 buzz with shiny new job postings

By Michelle Cohen

A pair of job postings listed by online retail giant Amazon kicked the excitement level up a notch in anticipation of the company's new "HQ2" headed for Long Island City, Queens. According to Bloomberg, the ads, seeking a software development manager and software engineer, referred to the company's impending New York expansion by saying the new HQ would be the site of a 50-person team starting in 2019 as part of its Intelligent Cloud Control group. Following a flurry of press inquiries, Amazon quickly added that though they would begin hiring for HQ2 later in 2019, the listings were for positions in an already-existing office.
More Amazon excitement this way

City Living

FDNY says Amazon’s HQ2 may overwhelm an already stretched LIC fire department

Google Street View of Long Island City’s engine 261

January 15, 2019

FDNY says Amazon’s HQ2 may overwhelm an already stretched LIC fire department

By Michelle Cohen

Google Street View of Long Island City's engine 261 In 2003, when then-Mayor Michael Bloomberg shuttered six city firehouses including Engine Company 261 at 37-20 29th Street in Long Island City, the growing neighborhood was nowhere near its current density. Since then, a veritable mini-city of high-rise residential towers has sprung up in the once-industrial Queens neighborhood; the FDNY has been considering the need for more firepower to keep the mini-metropolis safe. The recent announcement of Amazon's impending arrival with 25,000 jobs in tow has given more urgency to concerns about the increased demand for emergency services, according to the Wall Street Journal.
Find out more

Policy

Amazon could be the Chrysler Building’s new tenant

Via Creative Commons

January 14, 2019

Amazon could be the Chrysler Building’s new tenant

By Devin Gannon

Amazon is close to reaching a deal to lease 10,000 square feet at the Chrysler Building, the New York Post reported on Sunday. News of the impending lease comes less than a week after it was reported that the Art Deco landmark is up for sale. Amazon announced in November plans to open a massive office complex in Long Island City to serve as their "HQ2." The company will start moving to the neighborhood this year, temporarily leasing space at One Court Square, a 50-story building with incredible views of the Manhattan skyline.
More here

Real Estate Trends

New renderings released of Long Island City’s Skyline Tower, Queens’ soon-to-be-tallest

Rendering via Binyan Studios

January 2, 2019

New renderings released of Long Island City’s Skyline Tower, Queens’ soon-to-be-tallest

By Devin Gannon

The Skyline Tower, a 67-story condo building under construction in Long Island City, ended the year on a very high note. In addition to being named 6sqft's 2018 Building of the Year, the Hill West Architects-designed, 778-foot-tall tower became the first in Queens to pass $1 billion in total sell out. Plus, the property, which developer United Construction & Development Group first filed plans for in 2016, sits across the street from One Court Square, where Amazon is leasing one million square feet of office space before the company moves to its new HQ2 complex along the waterfront. On Wednesday, new renderings of Skyline Tower were released, showing off the interiors, views, and new subway entrance at the future tallest tower in Queens.
See the renderings

Via NYCEDC and Wiki Commons

December 13, 2018

‘I ♥ NY’ designer Milton Glaser not thrilled with Amazon rip-off

By Devin Gannon

This week the city's Economic Development Corporation released documents of its detailed pitch to lure Amazon to move to the city, which included offering up prime real estate in four different New York City neighborhoods and nearly $3 billion in incentives. Another thing city and state officials pitched to the tech company, which chose Long Island City last month for its HQ2 complex, is the state's famous "I love NY" logo. In their pitch, city and state officials swapped the iconic logo's heart out for Amazon's arrow-smile, which assumingly reads "I Amazon NY."
Glaser's thoughts ahead

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

A rendering of One Court Square, where Amazon will temporarily move in 2019; via NYCEDC

December 11, 2018

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

By Devin Gannon

City and state officials lured Amazon to open its new office complex in New York with an extensive pitch, complete with four suggested neighborhoods and the promise of prime real estate, according to documents released by the city's economic development corporation on Monday. In exchange for 25,000 new jobs, Gov. Andrew Cuomo and Mayor Bill de Blasio are offering Amazon nearly $3 billion in incentives and grants. And while last month Amazon selected the Queens neighborhood of Long Island City as its new home, officials had proposed bringing Amazon's campus to the Farley Building, 3 World Trade Center, Brooklyn Height's Watchtower building, Bjarke Ingels' The Spiral, and even Governors Island.
See the full pitch

Policy

Popular Articles

Poll shows a majority of New Yorkers approve of Amazon’s move to Queens

Rendering of Plaxall’s proposed (but not approved) mixed-use LIC project courtesy of WXY architecture + urban design

December 6, 2018

Poll shows a majority of New Yorkers approve of Amazon’s move to Queens

By Devin Gannon

A majority of New Yorkers approve of Amazon moving to Long Island City despite opposition from Queens activists and politicians, according to a Quinnipiac University poll released Wednesday. Fifty-seven percent of all respondents said they support the company's plan to build a waterfront office complex in Queens, with 26 percent disproving. And approval among Queens residents is even higher, with 60 percent supporting the deal. But the poll did find a more divided opinion about the potential $3 billion in public incentives and grants offered to Amazon by the city and state, with 46 percent approving of the subsidies and 44 percent disapproving.
More here

Policy

Queens senator wants to crack down on real estate ‘insider trading’ following Amazon deal

Via CityRealty

December 4, 2018

Queens senator wants to crack down on real estate ‘insider trading’ following Amazon deal

By Devin Gannon

State Sen. Michael Gianaris announced on Tuesday plans to draft legislation aimed at cracking down on insider dealing in real estate. The proposed law comes after a report in the Wall Street Journal found Amazon employees were buying condos in Long Island City before the company had publicly announced plans to build their second headquarters in the neighborhood. The legislation would prohibit anyone from using confidential government information to buy or sell real estate, according to Gianaris.
Find out more

Policy

NYC Council to grill city leaders on Amazon deal

November 30, 2018

NYC Council to grill city leaders on Amazon deal

By Devin Gannon

Citing concerns about the closed-door deal that drove Amazon to choose Long Island City as home for its second headquarters, the New York City Council announced it will host three hearings to question both city leaders and company exeuctives. Council Speaker Corey Johnson said the first hearing will take place on Dec. 12 to look at how the deal happened, as the Wall Street Journal reported on Thursday. "One of the major perversions of this is that was all done behind closed doors, with nondisclosure agreements, and without the public or elected officials who weren't including feeling like they had any say," Johnson told the WSJ.
Get the details

Policy

Most expensive condo listing in Queens gets price cut despite Amazon announcement

November 29, 2018

Most expensive condo listing in Queens gets price cut despite Amazon announcement

By Devin Gannon

While real estate prices are expected to rise in Long Island City and the surrounding area due to Amazon's impending move to the neighborhood, one listing has lowered its price. The most expensive apartment in the borough of Queens, located at 46-30 Center Boulevard, is on the market again, the New York Post reported. The penthouse, which sits just north of the Pepsi-Cola sign, is asking $3.65 million, less than the $4.25 million it was listed for in 2017. Soon after Amazon announced their move to Long Island City, interest in the neighborhood surged. As 6sqft previously reported, searches for residential apartments in the neighborhood are up 281 percent compared to the daily averages prior to the Amazon news.
Take a tour

Long Island City advocates want to obtain a city-owned building before Amazon takes over

Department of Education facilities via Google Earth

November 26, 2018

Long Island City advocates want to obtain a city-owned building before Amazon takes over

By Devin Gannon

Long Island City advocates are requesting ownership of a city-owned building that sits on land soon to be developed by Amazon for its second headquarters, as the Wall Street Journal first reported. The sprawling, block-long structure at 44-36 Vernon Boulevard currently houses offices related to the city's Department of Education along with over 1,000 staff members. For the past three years, local residents have asked for the building to be turned into a community facility. With all eyes on Long Island City due to Amazon's impending move there, advocates believe this is their last chance for the community to take over the property.
More this way

Policy

Plan for 1,500 units of affordable housing in LIC at risk as Amazon gets ready to move there

Rendering of Plaxall’s proposed, but not yet approved, mixed-use LIC project courtesy of WXY architecture + urban design

November 16, 2018

Plan for 1,500 units of affordable housing in LIC at risk as Amazon gets ready to move there

By Devin Gannon

A plan to create 1,500 units of affordable housing in the Anable Basin area of Long Island City will most likely be scrapped, as Amazon prepares to open its headquarters on that same land, Politico reported. Amazon announced this week plans to bring its second headquarters to the Queens neighborhood on land currently owned by plastics company Plaxall, as well as some parcels owned by New York City. Previous plans from Plaxall and the city, who hired developer TF Cornerstone to build a mixed-use campus at the site, called for 1,250 and 250 units of affordable housing, respectively. But an Amazon spokesperson told Politico there will be no housing at its new complex.
Amazon in, affordable housing out

Will Jeff Bezos live in one of his Upper West Side apartments when Amazon comes to town?

Photo of Bezos via NMAH’s Flickr and photo of the Century via Wikimedia

November 15, 2018

Will Jeff Bezos live in one of his Upper West Side apartments when Amazon comes to town?

By Devin Gannon

With Amazon officially coming to New York City, where will its founder and chief executive live? Jeff Bezos will have an easier time finding a property in the city than most, as he already owns four apartments in Manhattan. All of the NYC properties owned by the multi-billionaire are located on the Upper West Side at 25 Central Park West, in a condo building known as the Century (h/t I Love The UWS). Bezos, who owns several homes (as well as the biggest in Washington, D.C.) and remains one of the top landowners in the country, has requested helipad access for Amazon's new Long Island City headquarters, making any neighborhood he chooses to live just a quick ride away.
More here

Celebrities

Residential interest in Long Island City surges 300% after Amazon’s HQ2 announcement

Via Wiki Commons

November 15, 2018

Residential interest in Long Island City surges 300% after Amazon’s HQ2 announcement

By Alexandra Alexa

Amazon’s decision to divide its second headquarters between Long Island City and Arlington, Virginia was confirmed on Tuesday, bringing with it questions about how the neighborhoods will withstand the influx of 25,000 new workers each. According to a new study from RENTCafé, LIC already has an occupancy rate of 98.2% and about 15,400 units currently either under construction or in a planning phase, so Amazon’s announcement is sure to add fuel to an already bustling market. In fact, according to listings site CityRealty, searches for residential apartments in the neighborhood are up 281% compared to the daily averages prior to the announcement.
Get the scoop

Real Estate Trends

Despite city-wide ban, Amazon wants to put a rooftop helipad on its NYC HQ

Image: Maxpixel CC public domain.

November 13, 2018

Despite city-wide ban, Amazon wants to put a rooftop helipad on its NYC HQ

By Michelle Cohen

On the heels of news that Amazon has chosen Long Island City, Queens for one of its two new headquarters, making the promise of 25,000 new jobs a hopefully-someday reality, comes the fine print request that the company would like a helipad for its new East River waterfront HQ, please. Slate reports that the request appears deep in a 32-page memorandum of understanding with the city and state.
Rooftop helipads have been banned since 9/11

See the waterfront site in Long Island City where Amazon will bring its new mixed-use campus

Rendering of Plaxall’s proposed (but not yet approved) mixed-use LIC project courtesy of WXY architecture + urban design

November 13, 2018

See the waterfront site in Long Island City where Amazon will bring its new mixed-use campus

By Devin Gannon

Amazon officially announced on Tuesday its plan to bring its second headquarters to Long Island City, following a 14-month long contest among hundreds of cities across the country. The company will also open a second new headquarters in Arlington, Virginia, with each location expected to house 25,000 new employees; Nashville will become home to Amazon's "Operations Center of Excellence," equipped for 5,000 full-time jobs. In Queens, Amazon intends to construct the mixed-use complex across both public and private sites that sit along the East River, in an area known as Anable Basin. Although the HQ2 project still must undergo a public and environmental review, as well as a possible rezoning, the tech company said it will receive over $1.7 billion in incentives from New York State for its project, which is expected to cost over $3.6 billion, and has the potential for another $1.3 billion "as-of-right" benefits from New York City.
More this way

A move to Long Island City could allow Amazon to reap nearly $1B in city tax breaks

November 12, 2018

A move to Long Island City could allow Amazon to reap nearly $1B in city tax breaks

By Chava Gourarie

The state of New York is keeping the incentives it used to woo Amazon under wraps, but even without those benefits, an existing tax program could work in Amazon's favor -- to the tune of almost $1 billion. After a highly publicized search, the tech giant is nearing a deal to locate half of its new headquarters in Long Island City. And as The Real Deal explains, that move means Amazon will qualify for the city’s Relocation and Employment Assistance Program (REAP), which offers employers a $3,000 credit per employee per year for 12 years if they move their business into the outer boroughs and certain parts of Upper Manhattan. With Amazon’s projected workforce of 25,000, that would mean a total credit of $900 million.
Get the scoop

Policy

Amazon looking at proposed Anable Basin mixed-use site for new home in Long Island City

Rendering courtesy of WXY architecture + urban design

November 7, 2018

Amazon looking at proposed Anable Basin mixed-use site for new home in Long Island City

By Devin Gannon

With Amazon nearing a deal to make Long Island City home to its second headquarters, a big question remains: Where in the Queens neighborhood will the tech-giant house its 25,000 employees? One possible location sits within a waterfront area known as Anable Basin, named for a 150-year-old inlet, sources familiar with the plan told Politico New York. As 6sqft reported last November, the family-owned plastics company Plaxall, who owns the site, proposed a massive rezoning of the area that would allow for 335,000 square feet for industrial spaces, nearly 5,000 housing units, and a new public school.
More here

Amazon’s HQ2 could be headed to Long Island City

November 6, 2018

Amazon’s HQ2 could be headed to Long Island City

By Devin Gannon

Amazon is close to naming Long Island City home to its second headquarters, following a competitive, yearlong search by the tech giant. The company is reportedly splitting "HQ2" between two locations, with the other being Crystal City, Virginia, a suburb outside of Washington, D.C, according to the New York Times. The news comes less than a week after New York City announced plans to invest $180 million in the infrastructure of the evolving Queens neighborhood.
Get the details

Policy

Amazon to open a cashier-less convenience store at Brookfield Place

Amazon Go in Seattle via Wikipedia

October 23, 2018

Amazon to open a cashier-less convenience store at Brookfield Place

By Devin Gannon

Amazon will open its first cashier-less store in New York City in Battery Park City, Recode reported on Monday. Amazon Go is like a futuristic convenience store, offering ready-to-eat meals and groceries without having to wait in line. According to the company, "Just Walk Out Technology" is used, which automatically keeps tracks of products taken or returned via a virtual cart. With no lines or checkout, once you find an item you want, you can just leave.
More here

Policy

Newark and NYC appear to be favored for Amazon’s HQ2 site

Photo via Robert Scoble on Flickr

October 22, 2018

Newark and NYC appear to be favored for Amazon’s HQ2 site

By Devin Gannon

The hunt for Amazon's second headquarters is still on, more than a year after the company first announced its plan for HQ2. The tech-giant has narrowed its list of potential cities from over 200 to 20, with Newark and New York City both making the cut. Amazon executives recently revisited both of the cities, as well as others like Chicago and Miami, making it seem like the company favors an urban area, as reported by the Wall Street Journal.
Find out more

1
2
3