Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Published reports say that publishing firm Conde Nast Publications Inc., which publishes The New Yorker, Vanity Fair and Vogue, is in lease discussions with the Port Authority of New York and New Jersey to lease space at 1 World Trade Center.

If a lease is consummated, which could total as much as one million square feet, according to a report in the New York Times, the presence of Conde Nast would give a shot in the arm to the project that thus far has secured just one private commercial tenant—The Beijing Vantone Real Estate Co. A considerable amount of space at the nearly three-million-square-foot tower is expected to be leased by agencies of the federal government and New York State.

The 2.6-million-square-foot building, formerly called The Freedom Tower, is currently under construction and is expected to be completed by 2013. The final development cost for the tower that when finished will be the tallest building in the United States at 1,776 feet, is projected at approximately $3 billion.

Conde Nast currently maintains its headquarters at 4 Times Square, a 1.8-million-square-foot, 48-story tower built in 1999 and owned by The Durst Organization. The building is also known as the Conde Nast building.

In 2007, Conde Nast proposed to move its operations to a development to be built at the West Side Rail Yards in a joint venture with Vornado Realty Trust and the Durst Organization. Officials with the Port Authority and Conde Nast refused comment on reports of ongoing lease negotiations at 1 World Trade Center between the company and the agency.

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

*May exclude premium content
Already have an account?



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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.