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Facebook Parent Meta, Amazon Pull Back on NYC Office Expansions

  • Meta halts expansion at 770 Broadway near Astor Place
  • Amazon is cutting back its plans for Hudson Yards office space
Bloomberg business news
Meta, Amazon Pull Back on NYC Office Expansions

Tech giants Meta Platforms Inc. and Inc. are cutting back on planned office expansions in New York.

Facebook’s parent company Meta has decided against taking an additional 300,000 square feet (27,870 square meters) of space at 770 Broadway, a building near Astor Place where it’s already located, according to people familiar with the matter. The company is also pausing plans to further build out its new offices in Hudson Yards as it evaluates what to do with the space, said the people, who asked not to be named discussing private information.