Amazon eyeing large distribution center in Queens, New York

-

A version of this article first appeared in Crain's New York Business

Amazon may still have big plans for Queens, New York. The company is considering a huge, ground-up distribution facility in Maspeth, several sources familiar with the firm's real-estate plans say. The deal, if it gets done, would be the latest in a series of moves by Amazon to significantly increase the scope of delivery and warehousing infrastructure in New York. 

The $1 trillion e-commerce giant is seeking to potentially lease a former industrial site at 55-15 Grand Ave. in Maspeth that can accommodate over 700,000 square feet of new warehouse space. If Amazon takes the site, a distribution facility customized for its use would be built on the property. 

Last week, it was revealed that Amazon is considering up to 1 million square feet of space at Industry City, a large complex along the waterfront in Sunset Park, Brooklyn. A source said that there, too, the company was eyeing a ground up, custom-built space for its use. 

In 2017, Amazon leased an 855,000 square foot warehouse in Staten Island that is being built to the company’s specifications.

New York City is one of Amazon’s largest markets and the company is planning to create millions of square feet in which to store goods and deliver them in as little as hours to local customers. 

A spokeswoman for Amazon said “we have nothing confirmed” in Queens. She also declined to say whether the company was moving forward with a potential deal at Industry City. 

Earlier this year, Amazon leased an over 100,000 square foot space in the Bronx for a distribution facility. 

Last year, a partnership between RXR Realty and LBA Realty, a Los Angeles-based industrial landlord, purchased 55-15 Grand Ave. for $72 million. The pair have recently begun clearing the site and demolishing existing factory buildings to make way for potential new development. 



from CommaFeed - Real Time Trends Network https://ift.tt/2Kc4vVu
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Takeaways from the outcry over Dior’s Johnny Depp perfume ad: Tuesday Wake-Up Call

-
Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. You can sign up to get an audio version of this briefing on your Alexa device. Dior pulls a perfume ad starring Johnny Depp Yet another luxury brand just had to backtrack after a culturally insensitive move. Dior on Friday pulled an ad for its “Sauvage” perfume, as Business of Fashion reports ; the spot starred Johnny Depp playing guitar in the desert while a Native American dancer, Canku One Star, performed in traditional dress. The company portrayed the spot as “an authentic journey deep into the Native American soul.” But the brand was quickly accused of cultural appropriation. Critics seemed most troubled by the juxtaposition of Native American imagery with the word "Sauvage"—which means “wild” in French, but which also evokes the history of labeling indigenous groups as “savages.”  LVMH-owned Parfums Christian Dior had apparently tried to proceed cautiously. It coo
Read more

When the coronavirus infodemic strikes

-
Image
Social media sites are stepping up their efforts in the war against misinformation… specifically, the coronavirus/COVID-19 infodemic . There’s a seemingly endless stream of potentially dangerous misinformation flying around online related to the COVID-19 pandemic, and that could have fatal results. It’s boomtown in fake-news land riding high on the wave of people being left with their tech devices 24/7. I myself regularly see everything posted online from “hand gel is an immunizer” (nope) and “children can’t be affected” (not true) to “UK rules mean domestic abuse survivors have to stay with their abusive spouse” (absolutely not true at all and hugely dangerous to claim).  We even have engineers being spat on thanks to 5G conspiracy theories potentially resulting in transmission of coronavirus . Turns out a global pandemic is a lightning rod for pushing people to conspiracy theories galore, to the extent that some folks have to go hunting for guides to wean their family members a
Read more

Patch, Or Your Solid State Drives Roll Over And Die

-
Image
Expiration dates for computer drives? That’s what a line of HP solid-state drives are facing as the variable for their uptime counter is running out. When it does, the drive “expires” and, well, no more data storage for you! There are a series of stages in the evolution of a software developer as they master their art, and one of those stages comes in understanding that while they may have a handle on the abstracted world presented by their development environment they perhaps haven’t considered the moments in which the real computer that lives behind it intrudes. Think of the first time you saw an SQL injection attack on a website, for example, or the moment you realised that a variable type is linked to the physical constraints of the number of memory locations it has reserved for it. So people who write software surround themselves with an armoury of things they watch out for as they code, and thus endeavour to produce software less likely to break. Firmly in that arena is the size
Read more