Constellation Agency leases 21st floor of One WTC

Advertising company Constellation Agency has signed a lease for 48,000 square feet at One World Trade Center — the entire 21st floor. The agency is subleasing the space from Advance, which is offering some 400,000 square feet of space for sublease at One World Trade. In total, the company, which is the parent of Conde Nast, has 1.1 million square feet. Constellation Agency is moving from 110 William Street. Recently Reddit signed a sublease for

The post Constellation Agency leases 21st floor of One WTC appeared first on The Real Deal New York.

Westfield sues Victoria’s Secret over WTC mall location

For years, Unibail-Rodamco-Westfield has been engaged in a legal dispute with Victoria’s Secret over its Westfield World Trade Center location. Now, the mall landlord is firing back. Westfield is suing the retailer, claiming that it has stopped paying rent and wrongfully abandoned its store in the downtown shopping mall, according to a complaint filed in a New York court Friday. On Jan. 4, Victoria’s Secret informed Westfield that it had terminated its lease as of

The post Westfield sues Victoria’s Secret over WTC mall location appeared first on The Real Deal New York.

Port Authority taps CBRE to manage WTC

CBRE is the new manager of the World Trade Center’s 16-acre campus in Lower Manhattan. The Port Authority of New York and New Jersey said Thursday that it awarded CBRE a seven-year contract to manage the property, which includes the $3.9 billion Oculus transportation hub. The $850,000-a-year contract is effective July 1. The Oculus is both a high-end shopping center and transit hub that connects the subway and PATH rail system. The Port Authority put

The post Port Authority taps CBRE to manage WTC appeared first on The Real Deal New York.

Port Authority taps Silverstein, Brookfield to build 5WTC

One of the final undeveloped World Trade Center parcels will give rise to a residential skyscraper with more than 1,300 apartments. The Port Authority of New York and New Jersey chose a vision for the site submitted by Silverstein Properties, Brookfield Properties, Omni New York and Dabar Development Partners, which calls for a 1.56 million-square-foot, mixed-use tower, Commercial Observer reported. The project, designed by Kohn Pedersen Fox, is expected to feature 1,325 rental units, with

The post Port Authority taps Silverstein, Brookfield to build 5WTC appeared first on The Real Deal New York.

Condé Nast isn’t paying rent at 1WTC amid lease dispute

 Condé Nast is taking its lease disagreement at One World Trade Center to the next level. The magazine publisher, which leases 1.2 million square feet at the Financial District skyscraper, has not paid the $2.4 million it owes in rent for January, according to the Wall Street Journal. The media company has reportedly been looking for a way out of its lease since the summer, and hopes to move to a smaller office in Midtown

The post Condé Nast isn’t paying rent at 1WTC amid lease dispute appeared first on The Real Deal New York.

Condé Nast considers move to Gold Coast to save money

Condé Nast is looking into office options in New Jersey to cut costs. The publisher of magazines — including Vogue, Vanity Fair and the New Yorker — wants about 400,000 square feet of office space split between Manhattan and the New Jersey waterfront, Bloomberg News reported, citing anonymous sources familiar with the matter. That’s less than half of the publisher’s existing 1 million-square-foot lease at One World Trade Center. It’s already trimmed its footprint at

The post Condé Nast considers move to Gold Coast to save money appeared first on The Real Deal New York.

Uber looks to sublet 25% of its 3 World Trade Center office

Uber is looking to trim down its lower Manhattan office space by more than a quarter. The ride-hailing company is offering about 80,000 square feet of its 308,000-square-foot office at 3 World Trade Center, Business Insider reported, citing anonymous sources. Uber signed the lease for the space at Silverstein Properties’ skyscraper in October 2019 and is in the process of moving in, the sources told the outlet. Uber has been shedding employees as well. In

The post Uber looks to sublet 25% of its 3 World Trade Center office appeared first on The Real Deal New York.

One World Trade Center Spire: Workers Begin To Hoist Spire Atop City’s Tallest Building

Workers lifted the first section of the 408-foot spire to the top of One World Trade Center Wednesday morning. When completed, the spire will bring One WTC to a staggering 1,776 feet tall, making it the tallest building in the Western Hemisphere. Since November 16, nine of the sections have been traveling 1,500 nautical miles …

New artist renderings of new World Trade Center unveiled

The Port Authority released a series of renderings of the completed glass and steel building at West and Vesey streets. These are the first new images released to the public in five years, and revealed a few design tweaks from previous pictures. This computer generated updated artist rendering, incorporating recent design modifications, released by The …