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IKEA Moves to Upper East Side

Towards the end of 2018, IKEA issued a statement saying that they were planning on opening a new storefront on the edge of Lenox Hill, on the corner of 3rd Ave and East 59th street. The move will help the Swedish company’s presence in the New York Metro Area, as they already have stores in Brooklyn, Long Island, Paramus, and Elizabeth across the Hudson River.

The most noteworthy trait of IKEA’s opening is that the store is actually a “Planning Studio”. This means that you won’t actually be able to buy any furniture from the store and take it home with you, but rather see how it looks and then have your order delivered to your house. According to IKEA representatives, the design of the store is to meet the demands of consumers in today’s market, especially in a setting like Manhattan.

With more renovations on the way throughout 2019, definitely keep an eye on what IKEA will do next in New York City. For more information on their move, click here.

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Amazon Moves Out of Queens

“Alexa – Cancel My Order”

In a shock to many on Thursday afternoon, the consumer titan Amazon announced that they would not go forward with moving half of their HQ2 to Long Island City in Queens. The decision reverses their previous announcement back in November of 2018. Amazon is still looking to proceed to build the other half of their HQ2 in northern Virginia.

The choice to not move to the New York borough was heavily influenced by local protestors and politicians, as they felt that the international company had dodged proper legal procedures. Though roughly 70% of New Yorkers supported the move, along with Governor Andrew Cuomo and New York City Mayor Bill de Blasio, the resistance by residents in Queens was too much for Amazon.

Amazon has stated that they wish to continue to do business in New York City, hoping to build their presence across its boroughs.

“We are disappointed to have reached this conclusion — we love New York, its incomparable dynamism, people, and culture — and particularly the community of Long Island City, where we have gotten to know so many optimistic, forward-leaning community leaders, small business owners, and residents. There are currently over 5,000 Amazon employees in Brooklyn, Manhattan, and Staten Island, and we plan to continue growing these teams.”