Quote:
Originally Posted by L-Pink
And Conde Nast will be moving into 1 World Trade Center this fall occupying 24 entire floors. They are making some serious money.
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Now I'm hearing "sometime" in 2015. Original move in date was 4th quarter 2013.
Here's something that's been flying under the radar. The Port Authority of NY/NJ wanted an A-level tenant to anchor 1 WTC. So they made a sweetheart deal with Conde Naste to vacate 4 Times Square (their current digs) which includes the Port PAYING the balance of their lease to 4 Times Square! Yes, this is the same Port Authority that raises tolls on the tunnels and bridge seemingly every year!
Conde Naste doesn't care when their moving - they've been rent-free for almost a year now!