NEW YORK CITY—Law firm Skadden Arps Slate Meagher &Flom LLP on Monday confirmed published reports that itplans to move its headquarters to an officer tower withinBrookfield Property Partners' Manhattan West, themixed-use complex now under development on the Far WestSide. Spokespeople for BPY and the DurstOrganization, which owns the 4 Times Square tower whereSkadden is based currently, both declined comment Mondayafternoon.


It's not clear how much space the law firm will occupy atManhattan West, where it's the first tenant tosign on. At 4 Times Square, which Durst built in the 1990s, itoccupies about 826,000 square feet in a lease that runs until 2020.The tower's other tenant, Condé Nast Publications Inc., is slatedto begin moving to its new offices at One World Trade Center, inwhich Durst is an equity partner.


Skadden confirms that it has signed a letter ofintent to take space at the BPY complex, but an LOI doesnot equal a leasing deal. A source familiar with negotiations that a finalized Skadden lease would mean the launch ofconstruction on the planned 67-story, two-million-square-foottower.


In common with the neighboring Hudson Yardsmega-project now moving forward under the aegis of RelatedCos. and Oxford Properties Group,Manhattan West requires that platforms be built over rail yards inactive daily use by the Long Island Rail Road. The $2-billionHudson Yards is further along in amassing a tenant roster, havingsecured major lease commitments from Time Warner,Coach Inc. and, most recently, NeimanMarcus, which will build its first Manhattan storethere.—With additional reporting by RaynaKatz

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and 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.