Real Estate
Moving in to Town
BY ANGELA MATUA
AMATUA@QNS.COM
About 1,000 Bloomingdale’s em-ployees
will move to into a new two-building
complex being constructed
in Long Island City, according to the
New York Post.
Macy’s will lease 550,000 square
feet of space at The Jacx, which will
be located at 28-01 Jackson Ave. The
developer Tishman Speyer seeks to
set “the new standard for creative of-fice
development” with two 26-story
buildings. In total, the buildings will
consist of 1.2 million acres of office
and retail space with a 1-acre terrace
on the fifth floor.
Bloomingdale’s Chief Executive
Tony Spring, merchandise buyers, IT
workers and clerical staff will move to
Long Island City from other Manhattan
offices in 2020, the New York Post
reported.
“Macy’s Inc. is excited to announce
that, in 2020, the Bloomingdales New
York City corporate and support teams
Renderings courtesy of Tishman Speyer
will move to a vibrant new campus in
Long Island City in The JACX,” spokes-person
Radina Russell said. “The move
will foster a more collaborative work
environment, give the company addi-tional
location flexibility, and increase
the diversity of benefits we offer to our
employees as we continue to recruit
talent.”
The 50,000 square feet of retail
space at The Jacx will include a gour-met
market, food hall, restaurants, a
coffee shop and a bouquet fitness
center. The outdoor terrace, called
“The Quad,” can be used for “events
like theater, music and dance nights,”
according to the development’s web-site.
An on-site valet garage will have
space for 550 cars and 175 bike spaces.
The JACX is more than 70 percent
pre-leased to fashion and tech com-panies
including WeWork, a co-working
space moving into a 250,000-square-foot
location.
It is expected to be completed by the
first quarter of 2019.
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