Posted Feb 19, 2014, 2:51 AM
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Homo sapiens sapiens
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Join Date: May 2012
Location: 3rd planet from the Sun
Posts: 1,666
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Capital New York:
Condé Nast W.T.C. digs ‘well underway,’ move begins November
By Joe Pompeo 2:18 p.m. | Feb. 18, 2014
One World Trade Center. (AP Photo/Ted S. Warren)
Quote:
Condé Nast is beginning the rollout of its upcoming move to 1 World Trade Center, the soaring skyscraper where it has agreed to live for at least the next 25 years.
In one of the first significant internal communications about the move since Condé Nast signed a lease in May 2011, employees of the magazine publisher were informed today that the relocation from their long-time offices at 4 Times Square will begin in November, Capital has learned.
"I am pleased to share that the interior construction of our new space at 1WTC is well underway," chief executive Chuck Townsend wrote in a memo obtained by Capital. "This relocation represents a historic moment for our company and symbolizes the enormous transformation we have undergone in the past few years. ... As the anchor tenant in one of the world’s most anticipated architectural sites, we have an unprecedented opportunity to take part in shaping the future of New York City."
Condé Nast's move to 1 World Trade Center, a joint development between the Port Authority and The Durst Organization, has a transformative potential for Lower Manhattan, which has slowly but steadily been rebuilding its economy since the Sept. 11 terrorist attacks. Condé Nast's glamorous employees are expected to bring a new cachet to the area around the new World Trade Center, raising the bar for local food, retail and hospitality businesses.
The company, publisher of such venerable titles as Vogue, The New Yorker and Vanity Fair, is also seen as the centerpiece of what appears to be a burgeoning media boom in Lower Manhattan.
As Capital reported last week, 15 media companies committed to relocating to the area from 2011 through the first six months of last year, bringing the total number of media tenants to around 80, according to the Alliance for Downtown New York. News and publishing outlets in the vicinity include American Media Inc., the Daily News, Newsweek, The Village Voice and Fast Company. Time Inc. is said to be weighing a move to Lower Manhattan as well.
Condé Nast will be the first major corporate tenant to set up shop inside 1 World Trade Center, a protracted construction project the represents the rebirth of Lower Manhattan and the resilience of a post-9/11 New York.
At 1,776 feet and 104 floors—24 of which will be occupied by Condé Nast—the building is America's tallest, though roughly 1.4 million square feet remains unleased. Condé Nast's 25-year deal was packed with tax incentives and worth a reported $2 billion.
Townsend's memo touted "the most innovative elements of energy and environmental design" as well as "advanced office technology." He added that "many of our technology and production colleagues," including employees of Condé Nast Entertainment, will move from 1166 Avenue of the Americas to three redesigned floors at 222 Broadway, adjacent to 1 World Trade Center.
The company's 1.2 million square feet of office space on floors 20 through 44 of 1 World Trade include "amenity floors" on 34 and 35 "connected by an extraordinary, interior spiral staircase," according to Townsend's memo. "These floors will house our visitors reception, conference center, library, auditorium, art gallery, private dining, cafeteria and after-hours café.."
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You can read Townsend's full memo HERE
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