Even without Amazon, Long Island City is attracting major businesses (via Axios)
Centene Corporation, and other high-profile companies are in negotiations.
The increased interest in Long Island City seems directly linked to Amazon popularizing the neighborhood. When Amazon announced its retreat from Queens amid a backlash from local activists, Long Island City seemed to have lost 25,000 new jobs and billions of dollars in investment.the neighborhood is experiencing a boom: Other companies have grabbed much of the 1.5-million-square-foot, all-glass building that was to be the beachhead of Amazon's Queens expansion, and interest has surged in nearby commercial real estate.says Jonathan Wasserstrum, CEO of SquareFoot, a commercial real estate company.
Now, after Amazon's brief recognition made the area an"it" place, it is suddenly a sought-after location with its own, singular cachet.Centene Corporation just signed a lease for 500,000 square feet in the Citi building that Amazon intended to occupy.is in negotiations to pick up another chunk of the building, Nicole LaRusso of CBRE tells Axios.
phenomenon suggests something more — that the big companies can anoint outlier neighborhoods, too, even if Big Tech itself does not stay.get to take advantage of some of the same tax incentives that became a rallying cry during the push against Amazon:for Long Island City, gives companies up to $3,000 per employee per year for moving to the area.package will come close to Amazon's $3 billion, neither will any single firm create 25,000 new jobs in one go, as Amazon promised.
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