Posted Mar 12, 2021, 2:13 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,960
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Looks like Blackstone could still be on track for a new headquarters in 2028...
https://www.bloomberg.com/news/articles/...o-expand-nyc-headquarters-on-park-avenue
Blackstone Inks Deal to Expand Headquarters on Park Avenue
By Natalie Wong
March 11, 2021
Quote:
Blackstone Group Inc. has signed a lease to expand its headquarters in Manhattan, taking more space on Park Avenue as the firm recommits to staying in New York.
Blackstone will take an additional 80,000 square feet (7,432 square meters) at 345 Park Avenue, bringing its total at the property to about 720,000 square feet, according to a statement Thursday. The building, owned by the Rudin family, has been the New York-based firm’s headquarters for more than 30 years.
“The Rudins have been an outstanding partner for Blackstone since we first moved to 345 Park in 1987,” Jon Gray, Blackstone’s president, said in a statement. “We are also believers in New York City’s recovery and are pleased to be a part of it.”
With the recent expansion, Blackstone will now have 12 full floors and 5 partial floors at the building in midtown Manhattan. It also added a year to its lease, which now runs through 2028, according to the statement.
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They've added a year to the current lease, so something is in the works.
https://commercialobserver.com/2021/03/blackstone-group-takes-another-80k-sf-at-345-park-avenue/
Blackstone Group Takes Another 80K SF at 345 Park Avenue
BY NICHOLAS RIZZI
MARCH 11, 2021
Quote:
“This expansion marks a significant commitment by one of the financial industry’s leading firms and signals an important part of New York’s recovery,” Bill Rudin, CEO of Rudin Management Company, said in a statement. “We are thrilled that Blackstone has chosen to expand and extend our more than 30-year partnership, and we look forward to accommodating their office space needs for many years to come.”
“The Rudins’ have been an outstanding partner to Blackstone since we first moved to 345 Park in 1987,” Jon Gray, Blackstone’s president and chief operating officer, said in a statement. “We are thankful for their continued support of our rapid growth. We are also believers in New York City’s recovery and are pleased to be a part of it.”
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The Rudin/Vornado developed 350 Park has the perfect timing for a move.
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