Quote:
Originally Posted by antinimby
Hudson Yards do make some sense to Citi because the 7 train connects them with their building in LIC.
Decisions, decisions...
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The problem with the Hudson Yards is that they're looking for 2 msf or so. Manhattan West isn't on the table, and there are only a couple of other sites that could accommodate towers of that size. One is currently a McDonald's, and the other will be built in Related's second phase of development over the railyards. I don't know that either of those sites could be ready by 2017. If they want to consolidate in multiple buildings there, that's different. (There is Sherwood's site, but that's even further down the line).
Quote:
http://www.crainsnewyork.com/article...TATE/131009952
Facing an upcoming lease expiration at its Park Avenue global headquarters, Citigroup Inc. is close to making a major decision on what it will do with the millions of square feet of office space it occupies across the metropolitan region and where it will locate the seat of its global banking operations.
The bank will choose between the World Trade Center site, an existing twin-building complex it occupies on Greenwich Street in TriBeCa, and the Hudson Yards on the far West Side. A deal would likely include a relocation from 399 Park Ave., where it has had its global headquarters for more than 30 years. That lease, for hundreds of thousands of square feet, is set to expire in 2017.
"We have been looking at ways over the last several years to make more efficient use of our office space in New York, including consolidating locations," a Citi spokeswoman said. "With several leases expiring in the near future, we also have been looking at new space that is coming on the market."
At the World Trade Center site, Citi would anchor—and potentially fully occupy—a more than two-million square-foot office tower known as 2 World Trade Center
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I remain cautiously optimistic.
But if Citi doesn't move here, someone else will eventually.
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