Image by Timothy Schenck; courtesy of Related-Oxford
In June, reports surfaced that Facebook was considering a lease for one million square feet of office space at 50 Hudson Yards, but the latest news from sources close to the deal indicate that the social media company will scoop up an even bigger footprint. As Crain’s most recently reported, Facebook is negotiating a lease for 1.5 million square feet across several Hudson Yards properties, with some sources saying that number could expand up to 1.8 million square feet.
The bulk of Facebook’s lease will occupy 50 Hudson Yards, the 1,000-foot-tall office tower co-developed by Related and Oxford Properties Group that became the city’s most expensive office building at $4 billion. Since that building isn’t slated for completion until 2022, Facebook is looking to neighboring towers at 30 Hudson Yards and 55 Hudson Yards—both complete—to set up their operations while 50 Hudson Yards is under construction.
- Facebook is close to securing new office space at 50 Hudson Yards
- Google to invest $1B in Hudson Square campus, doubling its workforce
- Norman Foster’s 50 Hudson Yards will be city’s most expensive office building at $4B
Neighborhoods : hudson yards