Conde Nast May Move to New World Trade Center Site
Tuesday, August 03, 2010
Conde Nast Publications may move to the World Trade Center.
That's according to an e-mail to employees that was obtained by WNYC, which said Conde Nast is "in active negotiations" to move to 1 World Trade Center, the building formerly known as the Freedom Tower.
The Associated Press is reporting that the magazine empire has reached a "tentative agreement" to lease space with the building's owner, the Port Authority.
The publishing company, whose titles include The New Yorker and Vogue, would be the largest private tenant to take space at Ground Zero. The move wouldn't necessarily disappoint Conde Nast's current landlord at its 4 Times Square Headqaurters. The Durst Organization is also negotiating to take a stake in 1 World Trade Center and help manage the 1,776-foot tower.
The e-mail, from Conde Nast CFO John Bellando, says the move wouldn't happen until the year 2014, shortly after construction of 1 World Trade Center is expected to be complete.