The Real Deal New York

AllianceBernstein checking out
Tishman Speyer’s Spiral

Financial firm is looking for as much as 250K sf in the city as it moves HQ to Nashville
December 10, 2018 09:00AM

AllianceBernstein CEO Seth Bernstein and the Spiral at 66 Hudson Yards (Credit: AllianceBernstein and Tishman Speyer)

AllianceBernstein, which is relocating its headquarters to Nashville, is considering moving its New York offices to Tishman Speyer’s Hudson Yards development.

The financial giant is considering space at the Related Companies’ 50 Hudson Yards and Tishman’s The Spiral – the latter of which seems it may get the go-ahead, the New York Post reported.

“It’s about the future of its workplace and its image,” one person who is familiar with the company’s search told the Post. “These are very high-quality new construction buildings with extraordinary spaces, glass and infrastructure.”

AllianceBernstein could also remain in its current building, Fisher Brothers’ 1345 Sixth Avenue.

The financial firm leases nearly 855,000 square feet in the tower, but does not occupy all the space. The company announced in May that it will relocate its headquarters and 1,050 employees to Nashville, citing the city’s lower cost of living and quality of life.

“From a price perspective it’s very attractive relative to what we anticipated and what we expected to see here in New York,” company president and CEO Seth Bernstein said at a Goldman Sachs conference last week.

Here in New York City, the company has an assignment for 200,000 to 250,000 square feet, and had previously considered anchoring Brookfield Office Properties’ 2 Manhattan West and Brookfield Place. [NYP] – Rich Bockmann