The Durst Organization may have to look for a new tenant for the 82nd floor of 1 World Trade Center.
Mic was paying $69 per square foot for its space, according to Commercial Observer, or around $2.5 million in total per year.
The digital news publication raised more than $60 million from venture investors and was reportedly valued at $100 million in April 2017, but couldn’t figure out how to make a profit.
The company moved to 1 World Trade at a time when the neighborhood became a center of the media industry. Conde Nast is also a tenant at the building, and Observer Media and Vox Media occupy space nearby. —Konrad Putzier