Search
 

BlackRock Heads West in Hudson Yards HQ Deal

NEW YORK CITY—The asset management giant, based on Park Avenue since its founding, will make its new home at 50 Hudson Yards.

Hudson Yards aerial view Norman Foster says the Hudson Yards complex “integrates places to live and work within a dense, walkable urban neighborhood.”

NEW YORK CITY—Asset management giant BlackRock is poised to move its global headquarters to the Hudson Yards complex. Related Cos. and Oxford Properties Group said Thursday that BlackRock has entered into a letter of intent to lease 850,000 square feet across 15 floors at 50 Hudson Yards, the 58-story office tower for which Related and Oxford also unveiled plans on Thursday.

“BlackRock is one of the world’s most trusted investment firms and known for its forward-thinking leadership team,” says Jeff T. Blau, CEO of Related. “Their decision to relocate after nearly three decades on and around Park Avenue is another strong vote of confidence in our collective vision for Manhattan’s West Side. They will join an unprecedented collection of global influencers in media, fashion, beauty, tech, law and finance at Hudson Yards.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.