The online retail giant Amazon is planning to open a new 359,000 square-foot office at 5 Manhattan West in NYC. The building is owned by Brookfield and located at 450 W. 33rd St.
Amazon plans to create 2,000 new, high-paying jobs in finance, sales, marketing, and information technology at the office that will pay an average of $100,000 annually.
“Amazon’s further expansion in New York is proof positive that our strong economic climate, diverse workforce and talent, are helping to attract top-notch companies from around the world,” NY Governor Andrew Cuomo said. “We will continue to support the growth of this state’s business sector, which in turn supports economic growth and the creation of quality, good-paying jobs across the Empire State.”
New York State is offering the company up to $20 million in performance-based taxed credits through Empire State Development’s Excelsior Jobs Program. Amazon will invest $55 million to outfit the 359,000 square-foot office space at 5 Manhattan West using energy-efficient standards. The expansion will create 2,000 new jobs and Amazon will also retain over 1,800 jobs in New York State.
Manhattan West is a 7-acre mixed-use development site located in the heart of Manhattan’s Hudson Yards district just two blocks west of Penn Station. Under development by Brookfield Partners, the project will have a total of 7 million square feet of class-A office space, 844 luxury apartments, a boutique hotel, retail stores including Whole Foods and two acres of open space.
Earlier this month, Amazon said it would build its first distribution center in NY State on the West Coast of Staten Island. The company is also looking for a second headquarters in the U.S. outside of its Seattle base and NYC could be a potential location.
Amazon’s new office at 5 Manhattan West is part of several job-creating expansions in New York State. Since 2012, Amazon has invested $9 million into a Fashion Photography and Videography Studio in Brooklyn, creating over 50 direct jobs and supporting more than 300 jobs, with $2 million in performance-based tax credits from the Excelsior Jobs Program. In 2014, Amazon opened a 350,000 square foot administrative office at 7 West 34th Street, creating over 500 jobs with $5 million in tax credits through the Excelsior Jobs Program
“We’re excited to expand our presence in New York – we have always found great talent here,” said Paul Kotas, Amazon’s Senior Vice President of Worldwide Advertising. “Last January we announced our plans to create 100,000 full-time, full-benefit jobs in the U.S. by mid-2018 – and we are on track to reach that goal.”