The Real Deal New York

An afterlife for 85 Broad?

August 18, 2010 11:00AM
By Peter Kiefer

Former Goldman headquarters sits empty, waiting for a newcomer


85 Broad Street

From the August issue: Over its 27-year lifespan, 85 Broad Street in Lower Manhattan has been described in an assortment of ways: “forgettable” (the New Yorker), “desperately anonymous” (the New York Observer), and “institutional” (the New York Times). Nowadays, however, any descriptions of the 30-story former home of Goldman Sachs can be distilled down to a single adjective: empty.

As of last month, 85 Broad — with its nearly 1.1 million square feet of available space — has assumed the luckless title of Manhattan’s largest vacant block of available space on the market. Since April, when Goldman Sachs completed its move to a new 43-story building at 200 West Street, the building has literally become a shell of its former self.

While powerful Goldman executives such as Hank Paulson and Robert Rubin, who both went on to serve as Treasury Secretary, and former New Jersey Governor Jon Corzine once roamed the halls, nowadays 85 Broad is home to only a handful of security guards, maintenance workers and the occasional broker showing the space. [more]

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