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BlackRock chooses Hudson Yards for new home

Financial giant BlackRock has settled on 50 Hudson Yards for its new Manhattan headquarters, sources told The Post.

Although both a BlackRock rep and a source at Hudson Yards developer insisted that “nothing is signed,” a different source familiar with the negotiations said, “An announcement might come as early as next week.”

BlackRock is currently based at Park Avenue Plaza (55 E. 52nd St) and 40 E. 52nd St., where it has a combined 700,000 square feet.

It has been eying a new home with close to 1 million square feet.

The company would be the anchor tenant of the planned, 2.3 million square-foot 50 Hudson Yards tower on Tenth Avenue between West 33rd and 34th streets — just north of Related’s fast-rising 30 Hudson Yards, where Time Warner and KKR have signed deals to move their headquarters.

The move by BlackRock wouldn’t occur until about 2023, when its current leases are up. But the impending loss from East Midtown of a tenant as important as BlackRock would be yet another blow to the once-premier Midtown office district, which the city is trying to rezone to prevent further defections.

BlackRock, headed by its founder, Laurence D. Fink, is the world’s largest asset manager and oversees over $5 trillion in assets.

After eliminating the World Trade Center as a possible new home, BlackRock has been reported to have had talks with Related Cos. and partner Oxford for 50 Hudson Yards and also with Tishman Speyer for its proposed supertall tower nearby, called The Spiral.

But it’s now settled on 50 Hudson Yards, our sources said.

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http://nypost.com/2016/12/01/blackro...-hudson-yards/