Search
 

Aetna HQ Move to NYC Is Up in the Air

After merging with Aetna, CVS is evaluating all Aetna locations.

By Betsy Kim | Updated on January 12, 2018
Brazil is FABULOUA. you much be SO PROUD!! Best wishes, Bety Kim Aetna HQ rendering, building at 61 Ninth Ave.

NEW YORK CITY—In June 2017, New York state and city officials, and Aetna had announced the insurance company’s plans to move its headquarters from Hartford, CT. to New York City as reported in GlobeSt.com.

The insurance company planned to move in late 2018 into the 165,000 square-foot, Vornado Realty Trust property at 61 Ninth Ave. in Chelsea.

Empire State Development offered Aetna $24 million in performance–based tax credits over 10 years. The New York City Economic Development Corp. planned to give Aetna $9.6 million in incentives. The city incentives included $4.25 million in sale tax benefits; New York City Industrial Development Agency property tax benefits valued at $3.8 million over 10 years and enhanced sale tax benefits and a business incentive rate discount valued at $1.5 million over 10 years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.