Originally, Macy's had planned to move just its Bloomingdale's division's offices to The JACX
. Now, it plans to use more than half of the space for the Macy's merchandising organization, which is currently based at 11 Penn Plaza: three blocks from the Herald Square flagship store.
The two lease agreements, totaling 328,000 s/f combined, brings The JACX, which consists of two 26-story towers connected by a four-story podium, to 100 percent occupancy months prior to the project's anticipated completion this summer.
Macy's, Inc., which initially committed to approximately 567,000 s/f at The JACX, has expanded its footprint in the towers by another 300,000 s/f for a total of 867,000 s/f as, part of a 20-year lease agreement.
Macy's will also occupy the entirety of The JACX's third and fourth base floors, which measure 90,000 s/f each.
The remaining 215,000 s/f of office space on the 5th through 15th floors of Three Jackson will be occupied by WeWork, which committed to The JACX in late 2015.
Comprised of two 26-story towers and 1.2 million-square-feet of office and retail space as well as a one-acre landscaped terrace, the JACX is more than 70 percent pre-leased to fashion and tech companies including We Work, which plans to open a 250,000 s/f location.
Jackson Park and the JACX will be Long Island City's largest mixed-use development and, once completed, will feature over 55,000 s/f of retail space including a gourmet market, food hall, coffee shop, restaurants and boutique fitness offerings.