The Real Deal New York

Tishman Speyer, Related court Deutsche Bank

Developers reportedly hope to anchor West Side developments with financial giant
May 08, 2014 03:37PM

Tishman Speyer and the Related Companies are competing to land Deutsche Bank as a tenant in their respective Hudson Yards neighborhood developments.

The bank, which currently has several offices around the city, is reportedly looking to vacate a portion of its space at 60 Wall Street. Though the lease there goes to 2021, the company has the option to downsize in 2017 — perfect timing for either of the two new developments.

The bank previously shed 130,000 square feet at 60 Wall Street in 2012.

Tishman Speyer is said to have met with Deustche Bank to pitch the opportunity to anchor its planned 1,800-foot tower, and Related is attempting the same at its Hudson Yards complex nearby. The bank is one of several large financial firms being courted by developers in the area, including Citigroup, but so far none have committed. [Crain’s]Julie Strickland