Amazon Books hopes to open its first East Coast store and cafe, and what better launching ground than Hudson Yards?
The online retail giant is negotiating take space at Related Companies and Oxford Properties Group’s megadevelopment, according to the New York Post. The stores are set to open in late 2018 or 2019, though it’s not yet clear which building the retailer would call home.
Seattle-based Amazon opened a brick-and-mortar store last year in its hometown. The store also doubles as a showroom for Kindle and Fire tablets. Earlier this year, the CEO of General Growth Properties, Sandeep Mathrani, accidentally disclosed that Amazon plans to open hundreds of stores.
In New York City, Amazon inked a $30 million deal with the city’s Department of Education to sell e-books to the school system. The contract also has a $34.5 million option to extend the deal for another two years.
Steven Cohen’s personal fund recently leased 175,000 square feet at 55 Hudson Yards, as The Real Deal reported. A recent study claims Hudson Yards will contribute $35.6 billion to New York’s GDP during construction, and $18.9 million when construction is done — a somewhat skeptical claim, according to a recent TRD analysis. [NYP] — E.B. Solomont
Correction: No deal has been inked for a store in Hudson Yards.