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Newsday from New York, New York • 54

Publication:
Newsdayi
Location:
New York, New York
Issue Date:
Page:
54
Extracted Article Text (OCR)

'jesavV'1 ft y- I 1 -FH Vi V- a i Mil IHWf I jll BUSlNCSS'St TECHNOLOGY A54 TIMES SQUARE-BOUND -1 lie Ann Taylor signs lease for 300000 square feet plans spring 2005 move to former Andersen spot STAFF AND WIRE REPORTS Ann Taylor Stores Com the clothing retailer is moving its headquarters to Times Square Tower the office building constructed for the now-defunct accounting firm Andersen Boston Properties Inc the owner of the 47-story building and AnnTaylor said yesterday that with the signing of the lease for 300000 square feet AnnTaylor becomes the Times Square Tower's biggest tenant The retailer plans to move there in spring 200SL AnnTaylor is also considering leasing part of the 45000 square feet of retail space at this base of the building according to John Powers the CB Richard Ellis agent who represented Boston Properties in the transaction The Times Square Tower with L2 million square feet is in the heart of Manhattan on West 42nd Street between Broadway and Seventh Avenue An Ann Taylor store in the neighborhood would be a fur ther endorsement of Times efforts to clean up its image In recent years the area has been transformed from a synonym or sin into a tourist-friendly destination for shopping and entertainment International chains such as Sephara Toys It Us and Virgin Meeastore are already located in the area Meanwhile office workers are more plentiful than ever in the neighborhood with buildings housing Beiders news service and the Conde Nast publishing wnpiia sifting on comers of" the Broadway Seventh Avenue and 42nd Street intersections The move will also put AnnTaylor closer to the show: rooms of the Garment District just south of 42nd Street where small and large design-' ers keeptheir studios and offices New York-based AnnTaylor' known for tailored clothes with dean lines and spare trim that appeal to career women is moving frnm smaller hcatiqnsr- ters it now occupies at 142' West 57th Street in Manhattan Andersen the former auditor' of now bankrupt Enron Carp originally was to have occu- pied half of tbe tower Andersen signed on as a tenant in 2000 and backed out hi 2002 1' Formerly known as Arthur 'Andersen the company once was among the country's most JOBS FOR WELFARE RECIPIENTS Hi-tech firm to train hire employees dis after its conviction in June 2002 on criminal charges of obstruction of justice for its role in impeding a federal investiga-- film into wrongdoing at Enron the Houston energy trading -company In die Times Square Tower i AnnTaylor will occupy space on the fourth through 15th floors The tower is also home to several law firms and insur- ance firms When AnnTaylor moves in the early spring the Times Square Tower will be-74 percent occupied Staff writer Lauren Weber contributed to this report treasured signature New York Stock: Exchange floor trader Stephen Kavanewsky right gets a $10 bill autographed by TreasurySecretary John Snow as Snow tours the exchange yesterday At center is John Thain chief executive of the NYSE one newspaper will provide the depth and breadth of! Newsday for he! said Newsday reaches 50 to 60 percent of Long Island households while the Daily News reaches about 10 percent of Nassau homes and 5 percent of Suffolk homes' according to the Audit Bureau of Circulations: Newsday spokesman Stu Vincent said a source for news entertainment and advertising Newsday has been die first choice for residents of Nassau and Suffolk counties for more than 64 years Our local eowneetkm tnTnng Mamfara is impnllwl NEWSPAPER CIRCULATION Daily News plans LI edition BY MARK HARRINGTON STAFF WRITER As the giants of corporate America said back-office jobs packing for cheap overseas-labor markets a Holbrook high-tech company yesterday drew a line in the sand with a facility that will train and employ help-desk workers from regional public-assistance rolls Future Tech Enterprise the basement-bom startup of B6b Venera plans to hire as many as 80 candidates from welfare and other programs to staff a high-tech center across the street from its Holbrook head-b quarters If successful it could train and hire hundreds he said Future Tech is enlisting the help of Stony Brook University which will conduct training on site and at its facility at the Great River Business and Technology Center said Patricia Malone director of the corporate training programs Venero Future presi-ui dent and chief executive said he expects his newly dubbed In Source America program to be self-funding already forming help-desk services for Hofstra University after hours at the Holbrook site which was bnmrlmd in partnership with (E IBM Carpi Future Tech is also Afaumglng flic wireless networks of40 national hotels at the dubbed die IBM ThinkVan-c tage Snhitirms Center Trainees will bechooled in entry-level computer help-desk functions and receive pay of $550 an hour while continuing to receive their public assistance benefits officials said At the center's opening ceremony yesterday Sen Hillary Rodham Clinton (D-NY) rejected the position of large corporations that offshore outsourcing is an Pointing to Venero she said businesses needs role models to demonstrate the viability of keeping jobs at home think this is going to catch die said Somebody has to do it Suffolk County Executive Steve Levy called the program the smart thing to da People on assistance! want jobs They want to be Gary Huth New York State Labor Department analyst said while he expect the tide of offshore outsourcing to be turned back overnight programs like this will help open up options for he said gives them added reasons to explore the options and see if it does make sense to stay The facility is the first stand-alone IBM ThinkVa center in the country It will I used to power Future Tech's help-desk and network management operations and demonstrate IBM technology to local clients and partners said Greg Adams an IBM room and advertising sales staff to support the new edition which has been on the drawing board for months and gained momentum after June 17 disclosure of inflated circulation figures going backto200L are planning a separate NassauSuffolk edition of die Daily News that will debut Eileen new section will be reported by additional editorial staff dedicated to coverage of die Veteran analyst Miles Groves based in Washi DC said Newsdayk Hold on NassauSuffolk be easy to crack BY JAMES MADORE STAFF WRITER As Newsday attempts to make peace with advertisers over its circulation scan-at least one New York City newspaper is preparing to roll out a Long Island edition The New York Daily News plans to remake copies of its Queens edition for readers in Nassau and Suffolk counties Articles about Long Island are expected to fill a few pages a day that currently are reserved for borough news -in copies sold east of the city line sources told Newsday They also' said the Daily News is beefing up its news.

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Pages Available:
2,775,155
Years Available:
1977-2024