888 Broadway, where Netflix is expanding its corporate offices./ Image by Google MapsNEW YORK CITY—Netflix is expanding in New York City with $100 million in investments. The internet entertainment company is almost tripling its office space in Manhattan and creating a production hub with six sound stages in Brooklyn.
Netflix is increasing its footprint to 100,000 square feet at Normandy Real Estate Partner's office condo at 888 Broadway in the Flatiron District. Crain's reported that last fall Netflix had signed a lease for 38,000 square feet in the building. Normandy acquired the top four floors of the six-story structure from ABC Carpet for $133 million in December 2017 according to Real Capital Analytics.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
