Woods Bagot's Melbourne, Australia studio. Credit: Woods Bagot

NEW YORK CITY—Global architectural firm Woods Bagot had decided to relocate its operations from Midtown to the 30 Broad St. office building in the Financial District.

Commercial brokerage firm Savills Studley reports it has arranged a long-term lease deal for Woods Bagot totaling approximately 11,000 square feet at the 49-story, 476,000-square-foot office building.

Woods Bagot will occupy space on the seventh floor of the building and has the option to expand. The firm expects to relocate from its current offices at 142 W. 57th St. to its new offices in Lower Manhattan in July of this year.

The new lease allows Woods Bagot to create an authentic studio environment or as the architectural firm describes it as a “makers and creators space,” that provides its team the ability to continue to grow, Savills Studley states. Woods Bagot's new office space design—called the “central street and bodega”—will feature an active social core with workshops, model shop and design team work areas connecting off the central street. A virtual reality lounge will provide space for the firm's clients to experience their projects in virtual reality as the design evolves.

Savills Studley's senior managing director Scott Weiss represented Woods Bagot, along with executive managing director Erik Schmall and assistant director Seth Wasserman. The landlord—Tribeca Associates—was represented by Andrew Peretz at Newmark Grubb Knight Frank.

In January 2016, Tribeca Associates acquired the leasehold interest in 30 Broad St. in a deal valued at $130 million.

“After searching the entire market, Woods Bagot determined that Downtown Manhattan was the right fit for the company's culture and brand,” Weiss says. “We believe that they will benefit from the building's excellent location near Wall Street, the new Fulton Center transportation hub, major retailers and restaurants.”

James Hickerson, associate principal and New York studio chair for Woods Bagot, adds, “Finding an inspired workplace environment in the heart of Downtown Manhattan marks a significant step in Woods Bagot's definition as an innovative and collaborative company, which reflects its New York studio while rooted in our global platform. We are thrilled to be relocating downtown, and we look forward to taking that energy into our studio.”

Woods Bagot has a team of more than 850 that work in 17 studios in Australia, Asia, the Middle East, Europe and North America. The firm's other US office is in San Francisco.

NEW YORK CITY—Global architectural firm Woods Bagot had decided to relocate its operations from Midtown to the 30 Broad St. office building in the Financial District.

In January 2016, Tribeca Associates acquired the leasehold interest in 30 Broad St. in a deal valued at $130 million.

Woods Bagot has a team of more than 850 that work in 17 studios in Australia, Asia, the Middle East, Europe and North America. The firm's other US office is in San Francisco.

Instant Insights /

Architectural Firm Takes 'Significant Step' in Move to Financial District

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