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New York Times | Tech Firms in Manhattan Trade Trendy Lofts for Midtown Bargains

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More than 100 Internet-based marketing firms, retailers and social networking companies are based in the area between the Flatiron Building and Central Park, out of about 1,400 similar businesses across the city, according to data compiled by NYC Digital, an initiative started last year by Mayor Michael R. Bloomberg to promote the city’s technology industry....

ShoreTel, a communications company that counts Shake Shack among its clients, also recently signed a lease for a full-floor space. It will replace the company’s 15,000-square-foot office at 245 West 17th Street in Chelsea, a 12-story loft building that will be converted to apartments, said Heather Bennett, a ShoreTel vice president.

When completed in December, ShoreTel’s new home, where 100 employees will work, will feature an airy central space with desks, according to a rendering. It will have just a handful of traditional offices around the perimeter.

“We work in an open space today, and we want even more of that in our new office, because collaboration and learning are central to our projects,” Ms. Bennett said.

Read more at The New York Times.