Amazon Buying Lord & Taylor Building For $1.15 Billion

Amazon is shelling out $1.15 billion in cash to acquire the former Lord & Taylor flagship in Midtown Manhattan, The Post has learned. The Fifth Avenue landmark, which spans 11 stories and 660,000 square feet, will serve as Amazon’s New York City headquarters, housing several thousand employees in the coming years, a source close to the situation said. That’s a switch from the plan two years ago, when the former department-store space had been leased by WeWork to become the office-sharing startup’s own headquarters. WeWork’s plans fell apart last fall, when the company became engulfed in a slew of scandals that derailed its bid to go public. Read more at New York Post.