NEW YORK | 200 Greenwich - 2 WTC | 1,226 FT | 55 FLOORS

[NYguy]

Originally Posted by Prezrezc

Larry might very well have no choice here coz the well of potential big-time corporate anchor tenants is running dangerously dry.

It will never run dry. There is a history to the city, it didn't just start building office towers today, and everything doesn't have to be built today. Think of the volume of office space in the City, and how much it has to turn over. Not everyone has the same timeline. There will be large leases signed every year.

However, because DB hasn't signed, which I hoped they would, doesn't mean it won't get a tenant.




https://nypost.com/2018/05/04/deutsche-bank-will-move-from-wall-street-to-columbus-circle/

The asking rent at the Time Warner Center was $135 per square foot.

“Related transformed Columbus Circle into a thriving mixed-use neighborhood and world-class destination. We are very pleased to work with our long-term partner as they re-imagine their north American headquarters,” said Jeff T. Blau, chief executive of Related Cos.

The first term of Deutsche’s lease at 60 Wall St. ends in June 2022. The bank had several renewal options and the building had new owners that laid out the red carpet for a lease renewal.

But the bank “wanted a fresh start,” one source said.

It loves the thriving Upper West Side neighborhood around the Time Warner Center — with its European feel as well as the stunning Central Park, river and city views, sources said.

The One Columbus economics will also work, sources said. Deutsche Bank will relocate roughly 500,000 square feet of occupancy to a new building in Jacksonville, Fla., where it already has a large presence.

“This is a decision they made because of their business and financial health,” said a disappointed Jessica Lappin, president of the Alliance for Downtown, who said she believed the bank’s employees wanted to remain in the area. “They are retrenching and reorganizing, and (that’s) why I can see being the anchor tenant at 2 World Trade was a bridge too far for them.”

The 2 World Trade Center tower would have been developed by Larry Silverstein, but it has taken several years to flesh out details, build and turn over for a move in.

“While today’s news is disappointing, we are very happy with Downtown’s growing momentum and optimistic about the World Trade Center’s continued success,” said a Silverstein spokesman. The area will welcome 4,000 GroupM and 2,000 Spotify employees to 3 WTC and 4 WTC, respectively, over the rest of the year.

https://www.bloomberg.com/news/articles/...move-offices-from-wall-street-to-midtown

The firm, which has been leasing offices at 60 Wall Street, will begin the move in the third quarter of 2021.

One mock-up of the bank’s new trading floor shows an expansive view of Central Park.

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/icFxP0OSIm9Q/v0/-1x-1.jpg

The departure from Wall Street is a milestone for the historic financial district in lower Manhattan, following a long exodus of major firms to other parts of the city. Banks remaining closest now include Goldman Sachs Group Inc., headquartered near the site of the original World Trade Center at 200 West Street, while Citigroup Inc. is a stone’s throw away in Tribeca. More of the industry is further uptown.

“The relocation is an investment in our clients, in our employees and in our future long-term presence in the U.S.,” Patrick wrote in the memo. “The new location will result in closer proximity to key clients, consolidate New York activities and provide employees with access to modern, state-of-the-art facilities, technology and amenities while retaining access to critical transportation links.”