The Real Deal New York

The Winklevoss twins are moving their company to PAS

Siblings famous for suing Mark Zuckerberg will take up 34K sf at new building
October 31, 2017 12:50PM

From left: 315 Park Avenue South, Tyler and Cameron Winklevoss (Credit: Columbia Property Trust and TechCrunch via Flickr)

Facebook’s most famous opponents will take their company to Park Avenue South.

Cameron and Tyler Winklevoss, well-known for suing Facebook CEO Mark Zuckerberg over the creation of the ubiquitous social network, are moving their digital currency exchange firm Gemini Trust Company from 30 West 24th Street to 315 Park Avenue South, according to the Commercial Observer. The company will take up 34,000 square feet across two floors of the 20-story building, and the lease is for longer than 11 years. Asking rents per square foot were in the low-$90s.

Columbia Property Trust paid $375 million for 315 Park Avenue South in 2015, and the company has since renovated the building to the tune of roughly $10 million.

Gemini, which the Winklevoss twins founded three years ago, functions as a platform for investors to store, sell and buy digital properties such as Ether and Bitcoin. The company will share space at the Park Avenue South building with BDG Media, which recently expanded its lease there to 51,150 square feet.  [CO]Eddie Small