X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Employees at magazine publisher Conde Nast Publications received a notice late Friday afternoon that the company is currently seeking the opportunity to secure space at Hudson Yards. The company moved into it’s current 1.6-million-sf headquarters at 4 Times Square in the summer of 1999 and according to the notice, it has occupied all of its available space and has acquired additional square footage in many locations in the vicinity.

“With this in mind, we have agreed to consider constructing a new office tower in connection with a proposal by the Durst Organization and Vornado Realty Trust to develop the West Side Rail Yard, also known as the Hudson Yards” the company notes in the memo obtained by GlobeSt.com. The company currently occupies the 48-story Midtown tower, owned by the Durst Organization.The winning developer or developers would be able to build commercial skyscrapers as tall as 70 stories, more than 4,600 apartments and a cultural center, and retain 12 acres of open space. It’s no wonder Conde Nast believes that the Hudson Yards Project “represents the most ambitious and exciting Manhattan real estate development initiative in recent years.” The response to the Request for Proposal is expected to be submitted by Durst/Vornado and other interested parties in the coming weeks with the winning proposal selected in the first quarter of 2008.

“While it is likely that the development of the Hudson Yards will not be completed for almost a decade,” the company explains in the notice, “our participation would provide Conde Nast with the opportunity to secure prime space in this exciting development.” Calls to Conde Nast were not returned by deadline. A Vornado spokesperson tells GlobeSt.com that they have no comment as of yet. Calls to the Durst Organization were not returned due to the Columbus Day holiday, however a follow-up call will be made.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.