Drake says that the start of construction at the 2000Westchester Ave. site is imminent and that the firm intends toundertake a massive renovation of the facility. He notes that inaddition to the trading floor, the building will serve as thecorporate headquarters of its Individual Investment ManagementGroup, which is currently housed in temporary offices on Third Ave.in New York City.

"We plan to build a very large trading floor in Westchester,"Drake says. While he did not divulge a definitive size, Drake notedthat the trading floor would entail one floor plus a quadrant ofanother floor at the property. That would put the size of thetrading space at approximately 120,000 sf. Morgan Stanley currentlymaintains a trading floor at its corporate headquarters at 1585Broadway.

Drake says that the office component of Morgan Stanley'soperations in Harrison will be designed in a kiosk format. Inaddition, the firm plans to build a two-level parking garage (oneabove and one below ground), a fitness center and a cafeteria. Inaddition, the firm intends to offer its Harrison employees somedaycare-center services, however, those may be offeredoff-site.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.