Another online retailer wants subsidies to move operations to the Bronx

New York /
May.May 31, 2012 11:00 AM

Following the trend of Fresh Direct, an online children’s clothing purveyor is asking the city to provide $3.4 million in subsidies for it to move to and expand its business in the Bronx, the New York Daily News reported.

CookiesKids.com said their planned move would create 34 jobs and provide $9 million in city tax revenue over 25 years. By CookiesKids’ own admission, however, all of those jobs pay minimum wage.

The retailer intends to purchase and renovate a 98,000-square-foot Building On East 132nd Street in the Mott Haven neighborhood of the Bronx.

Meanwhile, controversy is still brewing over what many saw as an overly sweet deal for online grocer Fresh Direct’s move to the Bronx, wherein the company will spend $112 million to build a new, 500,000-square-foot warehouse and distribution center at the Harlem River Rail Yards. Fresh Direct received $130 million in tax subsidies to make the deal work, but the grocery giant has come under criticism for failing to nail down specifics on how many jobs the move will actually create in the borough, as well as for the fact that it does not even deliver to the area where its facility will be built. [NYDN]


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 
Prana pays Related $36M in Bronx multifamily play
Prana pays Related $36M in Bronx multifamily play
448 East 143rd Street in the Bronx (Credit: Google Maps)
Private developer’s NYCHA project in Mott Haven lands $79M in financing
Private developer’s NYCHA project in Mott Haven lands $79M in financing
1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)
Maddd Equities, Joy Construction score $64M for massive Bronx project
Maddd Equities, Joy Construction score $64M for massive Bronx project
From left: 1 Wythe Ave and 834 Metropolitan Avenue
New resi projects nab biggest outer-borough loans
New resi projects nab biggest outer-borough loans
From left: Marjorie Velázquez, Vanessa Gibson, and Dan Garodnick with Bruckner Boulevard
Bronx BP defies Nimbys on controversial Throggs Neck project
Bronx BP defies Nimbys on controversial Throggs Neck project
Nelson Management’s Robert Nelson with the Promenade Nelson Apartments and Lafayette Boynton Apartments (Nelson Management)
Nelson Management eyes $200M for Bronx apartments
Nelson Management eyes $200M for Bronx apartments
2001 Story Avenue in the Bronx (Google Maps, iStock)
Fruchthandlers sell Bronx multifamily properties for $169M
Fruchthandlers sell Bronx multifamily properties for $169M
At Home's Lee Bird with 2100 Bartow Avenue (Google Maps, iStock) Bronx, New York
Home decor retailer leases 135K sf for first Bronx store
Home decor retailer leases 135K sf for first Bronx store
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...