/PRNewswire/ -- Design Within Reach, Inc. (DWR) (Pink Sheets: DWRI) announced today that it is moving its headquarters to
. DWR, which specializes in modern furniture and accessories, will relocate its headquarters from
to Harbor Point in
. As part of the plan, an existing building will be retrofitted for offices and a Design Within Reach Studio. The
project will bring 65 full-time jobs to the area.
Design Within Reach was founded in
in 1999 by
and has retail stores across the country, a large catalog business and an extensive e-commerce website. The company sells authentic, enduring, heirloom-quality products, from iconic mid-century works to innovative items from today's designers. DWR's assortment of clean and simple furniture and accessories represents designers, materials and processes that span categories and countries. Many of the items are contract quality, and are used in restaurants, hotels and schools around the world.
"I'm ecstatic with the news that Design Within Reach will be calling
home. The company chose
, bringing with it 65 new jobs and additional investment that will build on the other positive developments going on in
and Harbor Point," said Governor Rell.
"Within the last year, the state has announced financing for Harbor Point, an important project for its transit-oriented development opportunities, and financial assistance to relocate the Starwood Hotels & Resorts and Nestle Waters to
manufacturer LiQuifix expand it headquarters, retain the headquarters of General Reinsurance Corp. Together these projects are creating thousands of jobs and generating millions of dollars in income for the city and state."
"We believe in the concept of rebirth and we love what Building and Land Technology (BLT) is doing with this fantastic waterfront area," said
, President and CEO of Design Within Reach.
due to its proximity to
New York City
, vibrant available workforce, and the opportunity to be part of the exhilarating renewal taking place in
's South End," said the company's Chief Operating Officer
. "We look forward to having our corporate offices located directly above the newest Design Within Reach Studio, both of which will be in the former
and Towne lock factory at Harbor Point."
Carl R. Kuehner, III
, President and CEO of Building and Land Technology said, "Design Within Reach is a welcome addition to Harbor Point and a great example of how BLT, the City, the State and the South End Community worked successfully together to inspire a nationally recognized tenant to relocate its headquarters from
to the South End of
added, "DWR continues to speak to the economic diversification of
and the City's ability to attract leading consumer products companies both in headquarters as well as their retail operations."
were the catalysts for the move.
Newmark Knight Frank
represented DWR. According to Goodkind, "Harbor Point is one of the most exciting urban renewal projects in the country, and is therefore able to attract new jobs with a terrifically diverse mix of tenants such as DWR, Starwood Hotels & Resorts and the soon to open Fairway market."
The Department of Economic and Community Development is providing up to
in tax credits through the Urban and Industrial Sites Reinvestment Tax Credit program. The program provides tax credits on investments made in urban or industrial sites.
About Design Within Reach, Inc.
Design Within Reach, Inc., founded in 1999, is the source for the best in modern design. The company markets and sells its furniture and accessories to both residential and contract customers through its retail Studios in
the United States
and its phone sales team at 1.800.944.2233.
A second-generation real estate development company,
-based Building and Land Technology (
) has completed ventures worth more than
including over 4 million square feet of commercial development and 4,500+ residential units. BLT trophy properties host the headquarters for Starwood Hotels & Resorts Worldwide, Gen Re, GE Commercial Finance, Diageo, GE Real Estate, Xerox, GE Energy Financial Services, IMS Health, Hewitt and
Veterinary Specialists. Their numerous office parks, apartment complexes, single family subdivisions, common interest communities and adaptive reuse projects total in excess of 8,000,000 square feet of development throughout
SOURCE Design Within Reach, Inc.