Aug. 7, 2019 By Shane O’Brien
The New York Times is set to move some its operations to Long Island City, with the Gray Lady signing a 15-year lease for three floors at Court Square Place.
The company will be taking 57,000 square feet in the 17-story building at 24-01 44th Rd, taking the entire ninth, 10th and 11th floors.
The floors were previously occupied by the United Nations IT department, which has recently moved back to the Secretariat in Manhattan after a 10-year stint in Long Island City
The Times has confirmed that 350 staff members will operate out of Court Square Place. The company has not stated whether they will be editorial or back office jobs.
An exact move in date is not yet known due to construction work, but it is expected to be by the end of 2019.
The New York Times will pay $50 per square foot for its new lease and Greg Smith, President of JRT Realty who manages the leasing and marketing of the building, said that it was a positive sign for Long Island City in the wake of the Amazon deal falling through.
Smith said that it was encouraging that high-profile companies were still willing to relocate from Manhattan to Long Island City.
“The strength of the Long Island City office market remains stellar, and The New York Times’ arrival is a prime example the area’s broadening appeal to diverse companies,” Smith said.
The building is owned the United Nations Federal Credit Union, which occupies seven floors of the building, with Collins Building Services occupying two floors and Japanese logistics company Nippon Express leasing one floor.
In other news, failing newspaper seeks cheaper rent.
I guess you have to parrot the alternative facts Daddy Trump tells you
lol y’all still mad about the Amazon thing like you didn’t read about how they railroaded the people of Alexandria. Amazon is still moving to NYC, and this time they’re paying something closer to full price.
i guess aoc approves of this one
If there are jobs to be had, shouldn’t that be in the report? Otherwise, you are just posting an announcement that NY Times is moving office space to Queens.
Uh, the NYTs moving some operations to LIC is actually pretty big news for the LIC Post and LIC for numerous reasons.
Interesting to see such huge negativity here. Do people really think Amazon was just going to bring 25,000 jobs here? And even if they did what makes any of you think they would actually go to Queens residents rather than just relocating people from Manhattan or other cities?
If anyone in Queensbridge Houses or anywhere else in LIC so desperately wants a job, then please stop the endless crying about Amazon not moving to the neighborhood. Just do what the rest of us do: Get off your butt and take the subway into Manhattan to your job like everyone else. For the rest of you — including EB and his friends — please can it.
Not just jobs, Amazon would be a huge boost.
It was planning financial support for educational programs, it would bring a youthful vibe, and middle class residents – you know, those
people who support good restaurants, keep the area safe, and pay taxes for low-income housing.
Will the unholy trinity be against this like they were with Amazon? Funny how not one of them talks about any actual job they were instrumental in creating. Where are the jobs they helped create?
Long Island City probably has the most impressive skyline and roster of companies than any city of 45,000 in the world.
JVB…. Only 24,650 jobs you owe western Queens.
Fire JVB…. Jimmy must go!
Great. 350 jobs. Now if we can just get another 24,650 jobs in LIC we’ll match the total number that State Sen. Gianaris and Councilman Jimmy Van Job Killer ran off earlier this year by opposing the Amazon HQ2 deal!
You can blame the politicians and City Planners and the LIC Partnership, who pander to the luxury real estate developers. There’s more luxury residential development in LIC than there are offices. You want jobs that aren’t just construction jobs? Maybe create some office space. Amazon has nothing to do with any of that, LIC development has been poorly planned since before that whole debacle.
This will be good for the borough. I’m glad this is happening.
But it is startling that after bashing Amazon for choosing LIC, and running negative articles about LIC, and Queens, and only portraying Queens as a slug borough, that the paper is now moving its own operations here.
Were they trying to deflect other businesses from considering Queens to keep rents down until their their own move?
This paper really needs to restore the Public Editor position.
It’s starting to take the shape of a giant cockroach.
Interesting theory, jb. No local electeds will dare touch the NYT, but Jeff Bezos owns Amazon and The Washington Post.
Is this literally news?
Yes, this is literally news. Check the National Inquirer for celebrity gossip.
No new jobs. Just shifting office from expensive Manhattan building to relatively cheaper building in LIC. NYT is undergoing cost-cutting.
This is definitely good for the local businesses though.
The NYT is one of the biggest beneficiaries of the NY tax break system in the city. So lets see will Ocasio-Cortez et al bother to investigate to see what they got in $$ breaks for moving to LIC…she probably wont due to her over abundance of economic ignorance and the Times favoritism to her social agenda
> The NYT is one of the biggest beneficiaries of the NY tax break system
Interesting opinion. Is there a single reason to believe that?
26 million reasons actually
Johnson Controls used $80 billion in tax revenue in 2008 to bail out the auto industry.
The city gave NYT tax incentives to build their building, 20 years ago.
Wow, how misleading. A far-right rag wouldn’t have any reason to bad mouth a competitor, would they?
Is there documentation to this?
Great, news, as a socialist NYT is the only news source I trust. Why do they make fun of the real estate developer I voted for for president though?
Here comes another 350 hipsters !
journalists aren’t hipsters.
More like word-accountants, with a splash of sanctimony.