Amazon might end up in Queens after all, considers Maspeth site for new distribution facility

July 30, 2019

Google Street View of the Maspeth site

As Amazon’s search for new warehouse space continues, the retail giant is looking to Queens again, as Crain’s reports. Several sources have said the company is considering leasing the site at 55-15 Grand Avenue in Maspeth, which can accommodate over 700,000 square feet of space. If the deal goes forward, Amazon would scrap the existing, former warehouse and build a custom distribution facility from the ground up.

Over the past few weeks, reports have circulated that Amazon is considering leasing one million square-feet at Industry City in Sunset Park, as well as potentially the entire historic Lord & Taylor building in Midtown, which is now owned by WeWork. New York is one of Amazon’s largest markets and the $1 trillion e-commerce behemoth is planning to create millions of square feet to expand their distribution network and deliver packages as quickly as possible—potentially within hours.

According to Crain’s, a spokeswoman for Amazon said, “we have nothing confirmed” yet in Queens. Insiders have also reminded the media that Amazon keeps their real estate dealings close to the vest, emphasizing that rumored deals are nothing more until the company confirms them.

55-15 Grand Avenue was bought by Los Angeles-based RXR Realty and LBA Realty last year for $72 million. The partnership has started demolishing existing buildings on the site to prepare it for new development.

[Via Crain’s]


Get Inspired by NYC.

Leave a reply

Your email address will not be published.

Your email address will not be published. Required fields are marked *