Posted Dec 10, 2018, 4:11 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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https://nypost.com/2018/12/09/allian...anhattan-move/
AllianceBernstein eyeing The Spiral for Manhattan move
By Lois Weiss
December 9, 2018
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Financial giant AllianceBernstein is now closing in on a decision as to where it will regroup in New York City now that it has committed to moving its headquarters to Nashville.
Sources tell The Post that the firm has targeted and is negotiating with the Related venture at 50 Hudson Yards and with Tishman Speyer for The Spiral — which looks like it may be getting the thumbs up.
The company previously considered 2 Manhattan West, the RealDeal reported in May, where it could have anchored the next office tower. It also looked Downtown at Brookfield Place, sources said.
It is also keeping an eye on its current headquarters at 1345 Sixth Ave., where, according to CoStar, it leases 854,705 square feet that expires in 2024 but does not occupy all that space. Owner Fisher Bros. is also planning a revamping of this older building.
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It’s about the future of its workplace and its image,” said one person who is familiar with the search but not authorized to speak on the record.
“These are very high-quality new construction buildings with extraordinary spaces, glass and infrastructure.”
AllianceBernstein’s City requirement is for 200,000 to 250,000 square feet.
All the buildings are rolling out the red carpet for large tenants but still must cover their costs.
To date, Bjarke Ingels-designed 2.8 million-square-foot tower at 66 Hudson Blvd., known as The Spiral for its dramatic, swirling terraces, sits on the north side of West 34th Street. So far, Pfizer has signed for 800,000 square feet on the seventh through 21st floors of the 65-story tower, which will rise to 1,031 feet.
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The Spiral is due to be delivered for shaping by tenants in 2021 with occupancy the following year.
The Foster + Partners-designed 58-story 50 Hudson Yards is expected to be finished in 2022. This Related, Oxford Properties and Mitsui Fudosan-owned 2.9 million-square-foot tower sits directly across W. 34th Street with an entrance on W. 33rd.
One sticky issue is that a competitor, BlackRock, has already committed to 846,990 square feet on the lower block of floors, but one source dismissed that as a ‘non-issue.’ The 21st floor is a building Sky Lobby and amenity center that includes massage stations.
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