Netflix signed a lease for 100,000 square feet at 888 Broadway between East 18th and East 19th Streets to house a 127-person corporate office, Variety first reported. The company also inked a deal for the entire 161,000-square-foot warehouse at 333 Johnson Avenue in Bushwick, Brooklyn, to build six sound stages, according to Governor Cuomo. “Netflix is innovative, creative and bold—just like New Yorkers—and the expansion of this cutting-edge company in New York once again demonstrates the Empire State is open for business,” Cuomo said in a statement.
As part of the deal, Cuomo offered Netflix up to $4 million in tax credits through the Excelsior Jobs program if the company creates the 127 new jobs by 2024 and retains them along with its current 32-person New York City workforce for another five years, according to the governor’s office. This is the same initiative the state offered Amazon to build a campus in Long Island City, Queens.
content courtesy of the Commercial Observer
