Jericho Plaza.
NEW YORK CITY- The board of the Nassau County IndustrialDevelopment Agency has given preliminary approval to online floraland gift distributor 1-800-Flowers.com for a package of developmentincentives to renovate 96,867 square feet of new office space at 2Jericho Plaza in Long Island.
The IDA Board approved the package at a video conference meetingthis month in response to an application from 1-800-Flowers.comindicating a possible move out of New York if it couldn't securethe tax incentives to renovate and lease the new space at 2 JerichoPlaza. The floral e-commerce retailer is seeking sales-taxexemptions of more than $500,000 and a 15-year payment in lieu oftaxes agreement that would keep property taxes at their currentlevel for 10 years followed by five years of 1.81 percentescalations.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
