NEW YORK CITY—The moment that Downtown Manhattan has been waiting for is finally (nearly) here. One World Trade Center is set to open its doors Nov. 3 to publisher Condé Nast, its anchor tenant, according to the Wall Street Journal.
The move comes nine years after ground was broken on North America's tallest building, the Journal notes. However, Conde Nast, which has been located in Midtown's 4 Times Square for some time, shouldn't expect any grand opening celebration—at least not in time for the move-in.
The Port Authority of New York and New Jersey—which is developing the tower—is planning an official ceremony to mark the occasion later in November, after the Nov. 4 election, representatives of the agency say. The Port Authority is controlled by the governors of the two states.
“Governor Cuomo's and Governor Christie's offices have been contacted and we are trying to find a mutual date that works,” says a spokesman for the Port Authority. “But obviously the end of October is highly problematic for anyone who is at all aware of government and political reality.”
The decision comes after the two governors' offices and others involved spent weeks going back and forth about dates, ultimately failing to agree on one before Condé's move, multiple people familiar with the discussions, tell the Journal.
Condé's move on Nov. 3 doesn't include the entire company. It is planning to move in multiple waves from its midtown offices, ultimately finishing up in January.
Other expected tenants include Legends Hospitality and Australia-based office provider Servcorp.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.