Citigroup’s office at 111 Wall Street – located in the heart of Lower Manhattan, which was paralyzed by Hurricane Sandy – will remain unusable for weeks, Bloomberg News reported. The building reportedly sustained severe flooding.
Citigroup also has office space at 388 and 390 Greenwich Street, which are both closed.
The Wall Street building, which PropertyShark shows measures 990,205 square feet, houses 1,800 bank employees. Some 7,000 employees work at the Greenwich Street buildings. The building at 388 Greenwich does not have power and sustained minor flooding.
Located next door at 390 Greenwich Street is Citigroup’s trading and underwriting floors. That building is closed, but now running on a generator. [Bloomberg] — Zachary Kussin