Quote:
Originally Posted by Hudson11
I strongly suspect Blackstone will go to 3 Hudson Boulevard. It is designed with large floorplates for financial firms and much like 2 WTC, it has already risen above its foundations. Also, Boston Properties, an owner of 601 Lex, part of their current HQ, will be in their ear for sure.
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All the more reason why 350 makes more sense:
- 3 Hudson will be ready by 2024
- 3 Hudson is located on the west side
- 2 WTC is located Downtown
- 350 Park will be located across the street
Quote:
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The project is particularly attractive to Blackstone, sources said, because the site sits catty-corner to the firm’s current headquarters at Rudin Management’s 345 Park Avenue. Between that location and another office at Boston Properties’ 601 Lexington Avenue, Blackstone occupies about 800,000 square feet on leases that expire in 2027.
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Leases won't run out until 2027, and Rudin, one of the 350 developers, is a current landlord (they own the building that Blackrock is moving from). 350 Park is scheduled to be completed 2027/28. Vornado is also in position to make 15 Penn happen if 350 is a little too off.