The New York Times is moving 350 jobs to 24-01 Court Square Place, a curvy, glassy, very-Court Square-looking building owned by the United Nations Federal Credit Union, across the street from the CUNY School of Law.
“A lot of tenants were vying for the space,” Greg Smith of JRT Realty Group to the New York Post. “We are seeing an uptick in activity after the Amazon debacle because Long Island City [had more] exposure.”
The Times will take the 9th, 10th and 11th floors this fall, reaping the benefits of the Relocation and Employment Assistance Program (REAP). The program gives tax credits to companies that relocate jobs from outside of NYC or below 96th Street to certain parts of Northern Manhattan or any other borough.