Report: Online giant to move into Macy’s turf — literally
Macy’s will soon be sharing a building with one of its chief rivals in the apparel category.
Amazon has leased the top six floors of office space above Macy’s Seattle store. The company expects to move into the building around late summer 2018, according to the Cincinnati Business Courier.
The department store retailer sold the top four floors of its downtown Seattle building to Starwood Capital Group in 2015, for $65 million. It sold two additional floors this year.
Amazon’s space in the Macy’s building, which is located on Seattle’s Pine Street, is 312,000 sq. ft., large enough to hold about 1,500 employees. Amazon’s operations will be positioned above the Macy’s store that operates on the ground level and basement, the report said.
The choice is a poignant one for the online giant considering the building’s long legacy in retail history. Bon Marché Department Store made the space its home in 1929. At one time, it was also the only whole-block development in the city. The building was named a historic city landmark in 1988.
Amazon’s new lease comes on the heels of the company’s recent announcement that it will also lease the entire office-space portion of the planned Rainier Square downtown skyscraper. This lease will encompass a massive 722,000-sq. ft. space, according to The Seattle Times.
Commercial real estate brokerage firm Broderick Group told the Seattle Times that including these projects, Amazon has leased 1.65 million sq. ft. in Seattle across five buildings so far this year.
Amazon also remains on the hunt for a second headquarters in North America — a building it is calling “HQ2.” Amazon expects to invest over $5 billion in HQ2’s construction, and the office will include as many as 50,000 high-paying jobs.
Amazon will accept proposals through Oct. 19, and announce its decision next year, according to the company's request for proposal (RFP).
Amazon has leased the top six floors of office space above Macy’s Seattle store. The company expects to move into the building around late summer 2018, according to the Cincinnati Business Courier.
The department store retailer sold the top four floors of its downtown Seattle building to Starwood Capital Group in 2015, for $65 million. It sold two additional floors this year.
Amazon’s space in the Macy’s building, which is located on Seattle’s Pine Street, is 312,000 sq. ft., large enough to hold about 1,500 employees. Amazon’s operations will be positioned above the Macy’s store that operates on the ground level and basement, the report said.
The choice is a poignant one for the online giant considering the building’s long legacy in retail history. Bon Marché Department Store made the space its home in 1929. At one time, it was also the only whole-block development in the city. The building was named a historic city landmark in 1988.
Amazon’s new lease comes on the heels of the company’s recent announcement that it will also lease the entire office-space portion of the planned Rainier Square downtown skyscraper. This lease will encompass a massive 722,000-sq. ft. space, according to The Seattle Times.
Commercial real estate brokerage firm Broderick Group told the Seattle Times that including these projects, Amazon has leased 1.65 million sq. ft. in Seattle across five buildings so far this year.
Amazon also remains on the hunt for a second headquarters in North America — a building it is calling “HQ2.” Amazon expects to invest over $5 billion in HQ2’s construction, and the office will include as many as 50,000 high-paying jobs.
Amazon will accept proposals through Oct. 19, and announce its decision next year, according to the company's request for proposal (RFP).