Posted Jun 5, 2019, 10:19 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 57,120
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Just to note Facebook has been looking for space.
https://www.bisnow.com/new-york/news/off...g-all-of-sl-greens-one-madison-ave-96173
Not To Be Outdone, Facebook Is Looking At Its Own Major NYC Expansion
December 19, 2018
Miriam Hall
Quote:
Two of the world's five bellwether tech companies have announced major expansions in New York in the last two months, and a third is looking at a Big Apple move of its own. Facebook is in talks to lease SL Green’s One Madison Ave. tower, an indication the tech giant is expanding more in Manhattan. It is not clear how much space it is considering at the planned redevelopment at Madison and Park avenues between 23rd and 24th streets in the tech-savvy Midtown South neighborhood, the New York Post reports.
Right now, Facebook leases 758K SF at 770 Broadway and another 266K SF at 225 Park Ave. South.
Facebook was reportedly close to inking a lease that would give it 870K SF across the entire office portion of 63 Madison Ave. in NoMad. However, the Post reports that deal may not be going ahead.
Once complete, One Madison Ave. will be almost 1.5M SF. Construction will start in in 2020 or 2021 when current leases expire.
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