LoMa forms council to hang on to TAMI tenants

TRD New York /
Sep.September 12, 2013 08:16 AM

Local business leaders in Lower Manhattan including WeWork founder Adam Neumann will form a council to persuade the much-cherished technology and media sector to stay in the area.

Mayor Michael Bloomberg, in a speech today plans to announce an initiative that includes a technology leadership council consisting of landlords, local startup executives and venture capitalists. The council will advocate for better facilities and neighborhood amenities for technology and media clients, with the aim of keeping them around, according to the Wall Street Journal.

“This new initiative will advance the tech community in Lower Manhattan by creating venues for those in the industry to congregate, collaborate, and share resources and ideas,” Bloomberg will say today, according to an advance copy of his speech seen by the newspaper.

The burgeoning presence of the TAMI (technology, advertising, media and information) sector in Midtown South has transformed the vibe of the area and brought in plenty of open spaces and trendy restaurants. Now, their Lower Manhattan counterparts are looking to recreate these changes.

Since 2005, 53 technology firms have moved to Lower Manhattan, compared to 81 financial firms, and occupy five percent of the area’s office space, according to 2012 data from the Downtown Alliance data seen by the Journal. [WSJ]  – Hiten Samtani


Related Articles

arrow_forward_ios
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

WeWork’s side businesses are fizzling

WeWork’s side businesses are fizzling
Sarah Pontius (Credit: Union College)

Another head rolls at WeWork

Another head rolls at WeWork
Substantial tax incentives put in place to help Lower Manhattan recover from the 9/11 terrorist attacks are still active 19 years later. (Getty Images)

19 years after 9/11, does Lower Manhattan still need subsidies?

19 years after 9/11, does Lower Manhattan still need subsidies?
WeWork CFO Benjamin Dunham and Kimberly Ross (LinkedIn)

WeWork shakes up chief finance post

WeWork shakes up chief finance post
Adam Neumann and Rebekah Paltrow Neumann with 69 Girdle Ridge Road in Katonah (Neumanns by by Ben Gabbe/Getty Images for Time; Realtor)

Adam Neumann parts with Westchester home

Adam Neumann parts with Westchester home
Office is out, school is in: Co-working operators try to lure students into workspace

Office is out, school is in: Co-working operators try to lure students into workspace

Office is out, school is in: Co-working operators try to lure students into workspace
Amazon CEO Jeff Bezos (Credit: Getty Images)

Amazon plans office expansion in six US cities

Amazon plans office expansion in six US cities
arrow_forward_ios

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

Loading...