Mellon ponders 1 WTC move

Bank of New York Mellon is poised to snatch up 450,000 square feet at 1
World Trade Center, according to the New York Post. While the bank has
to wait for the Port Authority of New York & New Jersey to finish
negotiations with newly announced investment partner the Durst Organization
before it can begin formally pursuing the space, insiders say a
transition plan is already in the works. If Mellon does move into the
1,776-foot tall tower, it would sell its current headquarters at 1 Wall
Street and move some of its workforce to another building it owns at
101 Barclay Street. While Peter Riguardi, president of Jones Lang
LaSalle and Mellon’s real estate broker, declined to comment on the
deal, he noted that Durst’s selection “shows how much people think of
this site.” [Post]