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Technology is affecting everything from how apartment owners attract new residents and provide customer service to existing residents, but more often than not, it's amenities that convert to leases.
The company has occupied its current space totaling 7,015 square feet at 655 Third Ave. for the last five years, during which time its New York-based headcount has nearly doubled.
E-commerce companies demand more flexibility in order to accommodate users' sortation equipment as well as the need for higher clear heights which allows for the installation of mezzanine space.
The redevelopment of the NYPD parking garage is the first major milestone to arise from the Jamaica NOW Action Plan, a $153-million neighborhood revitalization initiative announced in 2015 by the de Blasio Administration, Queens Borough President Katz and the NYCEDC.
Brookfield Infrastructure, an affiliate of Brookfield Asset Management, has committed to fund half of the required initial equity investment, currently estimated to be approximately $613 million.
The San Francisco-based firm states that the property is located near bulk transmission lines, a major fiber path, as well as less than four miles from Digital Realty's existing data center campuses in Ashburn, VA.