Amazon Shops for Real Estate in New York City

Amazon is taking over an entire building on 34th Street across from the Empire State Building, according to construction and real estate executives, raising questions about just what the giant retailer is up to.

The property, at 7 West 34th Street, is 12 stories. The executives said Amazon would use the building for offices and a distribution center.

This week, Amazon abruptly pulled out of a deal for a large block of space at 1133 Avenue of the Americas.

The retailer has no brick-and-mortar presence in Manhattan or, for that matter, anywhere else. So the deal ignited intense speculation that perhaps Amazon was going to do something that has been endlessly rumored: open an old-fashioned store.

http://www.nytimes.com/2014/10/10/business/amazon-shops-for-real-estate-in-new-york-city.html?_r=0

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