The company states that construction will start immediately after securing the building permit for the project that secured $2.7 million in performance-based tax credits from New York State through the Excelsior Jobs Program.
The financially troubled Chinese conglomerate HNA Group is reportedly trying to sell its interests in the building valued at $452 million.
Los Angeles has the fastest growing tech labor force in the country, up 12.3% in the last two years, while Orange County’s tech labor force grew by 10.6% in two years.
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