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

TRD New York /
Dec.December 10, 2018 09:00 AM

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


Related Articles

arrow_forward_ios

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Clockwise from the top left: Jackson Park at 28-40 Jackson Avenue, 240 Willoughby Street in Fort Greene, 664 Pacific Street in Brooklyn, and 247 Metropolitan Avenue in Williamsburg (Credit: StreetEasy, Google Maps, Pacific Park Brooklyn, The Pod Hotel)

These were the top 10 outer-borough loans last month

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Jackson Park at 28-40 Jackson Avenue and Tishman Speyer's Rob Speyer (Credit: StreetEasy and Tishman Speyer)

Tishman Speyer locks in $1B in financing for Jackson Park

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

15 Hudson Yards (Credit: Related-Oxford, iStock)

First he sold a plot of land to Hudson Yards’ developers. Now he owns 7 luxury condos there

Embattled Prodigy Network CEO Rodrigo Niño to step down

arrow_forward_ios