Citi to Welcome Amazon in Long Island City Tower by Making Space Available
November 13 2018 - 11:21AM
Business Wire
Will vacate certain floors at One Court Square
and move 1,100 colleagues to other locations
Citi today announced that it will move approximately 1,100
colleagues out of its space at One Court Square in Long Island City
over the first half of next year to make room for Amazon to
establish its new headquarters in New York. Citi currently occupies
about one million square feet in One Court Square and is
accelerating plans to consolidate colleagues at its Tribeca
headquarters and other locations. About 3,000 Citi colleagues
currently work in the building.
Citi CEO Michael Corbat said, “Almost 30 years ago, the tallest
building ever constructed in Queens opened as Citi moved into what
has become an iconic tower in Long Island City. Since that time,
thousands of our colleagues have become part of the fabric of the
neighborhood and watched it transform into the bustling, vibrant
community it is today. While our company and its needs have changed
over time, our appreciation and affection for this neighborhood
have only grown stronger. As we have been consolidating our people
in our global headquarters in Tribeca, we have still maintained a
significant presence in Long Island City.
“But given what it would mean to New York and Long Island City
to have Amazon establish a significant presence here, we want to do
our part to make this possible. We have committed to vacate certain
floors at One Court Square early and move about 1,100 of the
colleagues who presently work there to alternate locations,
including in Long Island City and our Tribeca headquarters. As a
company that has been based here since our founding 206 years ago,
we couldn’t be happier to welcome Amazon to the great City of New
York,” Mr. Corbat concluded.
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found
at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com |
Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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