Jericho Plaza.
NEW YORK CITY- The board of the Nassau County Industrial Development Agency has given preliminary approval to online floral and gift distributor 1-800-Flowers.com for a package of development incentives to renovate 96,867 square feet of new office space at 2 Jericho Plaza in Long Island.
The IDA Board approved the package at a video conference meeting this month in response to an application from 1-800-Flowers.com indicating a possible move out of New York if it couldn't secure the tax incentives to renovate and lease the new space at 2 Jericho Plaza. The floral e-commerce retailer is seeking sales-tax exemptions of more than $500,000 and a 15-year payment in lieu of taxes agreement that would keep property taxes at their current level for 10 years followed by five years of 1.81 percent escalations.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
