The Real Deal New York

BlackRock targets Hudson Yards for new HQ

Asset management giant is looking for as much as 1M sf of office space

September 28, 2016 06:00PM

A rendering of the Spiral and 50 Hudson Yards (Inset: Larry Fink)

A rendering of the Spiral and 50 Hudson Yards (Inset: Larry Fink)

BlackRock has set its sights on Hudson Yards for a new headquarters as big as 1 million square feet.

The company currently rents around 700,000 square feet in two buildings – Fisher Brothers TRData LogoTINY and Soho China’s 55 East 52nd Street and Rudin Management’s 40 East 52nd Street. The lease at 55 East 52nd is due to expire in 2023. In February, The Real Deal reported BlackRock had tapped a JLL team led by Peter Riguardi to find a new, larger office space.

By July, the company had shortlisted three possible new locations: The Durst Organization’s One World Trade Center, the Related Companies and Oxford Properties Group’s Hudson Yards, and Brookfield Property Partners’ Manhattan West. The company is also still holding onto the option of staying at its current location.

But, according to Crain’s, BlackRock is now considering two proposed towers in the Hudson Yards neighborhood. One is 50 Hudson Yards, developed by Related and Oxford, which is located on West 33rd Street and 10th Avenue. The other is Tishman Speyer’s building, the Spiral, which is planned for one block north of 50 Hudson Yards and will span 2.85 million square feet.[Crain’s]Miriam Hall