NEW YORK CITY-Employees at magazine publisher Conde NastPublications received a notice late Friday afternoon that thecompany is currently seeking the opportunity to secure space atHudsonYards. The company moved into it's current 1.6-million-sfheadquarters at 4 Times Square in the summer of 1999 and accordingto the notice, it has occupied all of its available space and hasacquired additional square footage in many locations in thevicinity.

“With this in mind, we have agreed to consider constructing anew office tower in connection with a proposal by the DurstOrganization and Vornado Realty Trust to develop the West Side RailYard, also known as the Hudson Yards” the company notes in the memoobtained by GlobeSt.com. The company currently occupies the48-story Midtown tower, owned by the Durst Organization.The winningdeveloper or developers would be able to build commercialskyscrapers as tall as 70 stories, more than 4,600 apartments and acultural center, and retain 12 acres of open space. It's no wonderConde Nast believes that the Hudson Yards Project “represents themost ambitious and exciting Manhattan real estate developmentinitiative in recent years.” The response to the Request forProposal is expected to be submitted by Durst/Vornado and otherinterested parties in the coming weeks with the winning proposalselected in the first quarter of 2008.

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