Facebook Is in Talks to Lease Space at Hudson Yards Skyscraper
Facebook is in talks to rent space in one of the new skyscrapers under construction at the Hudson Yards development, sources say.
(Bloomberg) -- Facebook Inc. is in discussions to rent office space in one of the flashy new skyscrapers under construction at the Hudson Yards development on Manhattan’s far west side, according to a person familiar with the matter.
The social media giant is closing in on a deal to lease at least 1 million square feet at 50 Hudson Yards, a 2.9-million-square-foot tower being built by Related Cos. and Oxford Properties Group, the person said. The building will be New York City’s fourth-largest commercial office tower when it’s finished in 2022, according to Related’s website.
“We constantly re-evaluate our facilities needs, and we don’t have anything new to share about our plans in New York at this time,” Facebook spokesman Anthony Harrison said in an email.
A spokeswoman for Related declined to comment and an Oxford spokesman didn’t immediately respond.
If Facebook does end up closing the leasing deal in the 985-foot-tall building, it would join BlackRock Inc., which has agreed to occupy 850,000 square feet across 15 floors at 50 Hudson Yards. The $25 billion development has also attracted other financial companies, including KKR & Co. and Wells Fargo & Co.
The negotiations were first reported by Crain’s New York Business.
To contact the reporter on this story: Lily Katz in New York at lkatz31@bloomberg.net
To contact the editors responsible for this story: Debarati Roy at droy5@bloomberg.net, Christine Maurus
©2019 Bloomberg L.P.