Coach Inks Agreement for New NYC Headquarters
Coach will be one of the famous corporate names occupying office space at New York City's high-profile Hudson Yards redevelopment project. The company has signed an agreement to take roughly 738,000 square feet of space for a new global corporate headquarters in the project's South Tower.
Hudson Yards, located on the Lower West Side of Manhattan along the Hudson River, is currently under construction. The company expects to occupy its space there in 2015.
Coach will spend generously on those headquarters -- it anticipates that its aggregate costs for developing the new facility will amount to $750 million over the next three years.
Other companies that have signed on for space in Hudson Yards include SAP and L'Oreal.
The article Coach Inks Agreement for New NYC Headquarters originally appeared on Fool.com.Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Coach. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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