NEW YORK CITY-Publisher Conde Nast’s move to One World Trade Center is said to be a done deal, making it the prized anchor tenant for the 1,776-foot tower, which boasts 3 million square feet of office space. Conde Nast will relocate to 1 WTC and occupy 1 million square feet of that space, moving from 4 Times Square.

A spokesman for the Port Authority confirms to GlobeSt.com that the deal is finalized, and merely pending a vote by the Port Authority of New York & New Jersey at the group’s May 25^th board meeting. The publishing company also confirmed that the deal was forthcoming.

“We are close to concluding lease negotiations, and are hopeful that a move to One World Trade Center will be a catalyst for transformation downtown, similar to our positive impact on Times Square,” John Bellando, Conde Nast CFO and COO says in a statement. “Conde Nast would be proud to take part in the ongoing renaissance of lower Manhattan.”

Tara Stacom, vice chairman at Cushman & Wakefield, has headed the leasing team at 1 WTC since 2007. Stacom spoke to GlobeSt.com in December about progress at the site, and the momentum that she saw build after Chris Ward joined the Port Authority as executive director in 2008.

“We built a new reality at the World Trade Center and this transaction will be the exclamation point on that turnaround,” Ward said yesterday of the deal with Conde Nast.

One World Trade Center currently stands some 66 floors tall. Construction is expected to be completed in early 2014, when Conde Nast will move from the Durst Organization building that it currently occupies in Times Square. Durst also owns a $100-million equity stake in 1 WTC, after being chosen as a development partner for the site last summer.

Government officials praised the move, and its implications for, not just the WTC site, but for lower Manhattan in general. “This is a smart media company voting with its feet to relocate at the World Trade Center,” New York Mayor Michael Bloomberg told the New York Times. “Even just a few short years ago, few would have believed it possible.” Gov. Andrew Cuomo also voiced his approval of the deal and what it means for lower Manhattan.

Wednesday afternoon, William C. Rudin, chairman of the Association for a Better New York, called the move "a catalyst in the continued resurgence of the downtown community," in a statement. "This is great news for those of us who have championed Lower Manhattan for decades," the statement continued.