55 Hudson Yards Slated to open in 2018, 55 Hudson Yards will stand 51 stories and span 1.3 million square feet.

NEW YORK CITY—Milbank, Tweed, Hadley & McCloy is relocating its New York headquarters to 55 Hudson Yards. The international law firm plans to lease more than 250,000 square feet across nine floors in the new park-front office tower on Manhattan’s West Side. Currently, Milbank, Tweed’s offices are in Lower Manhattan.

The commitment represents the second commercial tenant at 55 Hudson Yards, which is being developed by Related Cos, Mitsui Fudosan America and Oxford Properties Group.

The firm has executed a letter of intent for the space and expects to finalize the terms of the lease by the end of the summer. Dale Schlather of Cushman & Wakefield represented Milbank in the transaction. Robert Alexander and Howard Fiddle of CBRE and Stephen Winter of Related represented the ownership group.

“We look forward to creating an office space at Hudson Yards for the firm’s exciting future: a space which will foster our collaborative, energetic and inclusive culture,” says Scott Edelman, chairman of Milbank. “We are thrilled to become part of what promises to be an exciting new community in New York City.”

Adds Jeff Blau, CEO of Related Cos., “Milbank adds yet another visionary and forward-thinking global leader to Hudson Yards. The firm’s new headquarters at 55 Hudson Yards offers the unique opportunity to create its own park-front office space with unprecedented access to a dynamic live, work, play environment.”

The anticipated LEED Gold, 51-story, 1.3 million-square-foot building is expected to open in 2018. The building sits at the intersection of Hudson Yards, the High Line and Hudson Park & Boulevard. It opens directly onto a park and sits adjacent to a No. 7 Subway station, which connects to every other major subway line as well as Grand Central Station. Penn Station is also less than a ten-minute walk away.

Fifty-Five Hudson Yards, also home to Boies, Schiller & Flexner, will open in 2018. It offers its commercial office tenants floor-to-ceiling windows with skyline and river views.

With more than 8.5 million square feet of residential, commercial and retail space now fully financed and under construction, Hudson Yards is on schedule to open its first office tower, 10 Hudson Yards—

home to Coach, L’Oréal USA, the Boston Consulting Group, German software engineering firm SAP, VaynerMedia, Intersection and Sidewalk Labs—in the next few weeks.

The complex’s one million square foot retail center and six-acre public plaza will open in the fall of 2018, followed in 2019 by 30 Hudson Yards, the commercial office tower that will house KKR, Wells Fargo Securities, TimeWarner, HBO and CNN.