Conde Nast Sees Hudson Yards as Opportunity

NEW YORK CITY-Employees at magazine publisher Conde Nast Publications received a notice late Friday afternoon that the company is currently seeking the opportunity to secure space at Hudson Yards . The company moved into it’s current 1.6-million-sf headquarters at 4 Times Square in the summer of 1999 and according to the notice, it has occupied all of its available space and has acquired additional square footage in many locations in the vicinity.

“With this in mind, we have agreed to consider constructing a new office tower in connection with a proposal by the Durst Organization and Vornado Realty Trust to develop the West Side Rail Yard, also known as the Hudson Yards” the company notes in the memo obtained by GlobeSt.com. The company currently occupies the 48-story Midtown tower, owned by the Durst Organization.The winning developer or developers would be able to build commercial skyscrapers as tall as 70 stories, more than 4,600 apartments and a cultural center, and retain 12 acres of open space. It’s no wonder Conde Nast believes that the Hudson Yards Project “represents the most ambitious and exciting Manhattan real estate development initiative in recent years.” The response to the Request for Proposal is expected to be submitted by Durst/Vornado and other interested parties in the coming weeks with the winning proposal selected in the first quarter of 2008.