The Real Deal New York

AllianceBernstein nearing massive relocation deal at The Spiral

The investment firm would move its New York offices from Fisher Brothers’1345 Sixth Avenue
March 11, 2019 03:10PM

From left: renderings of From left: The Spiral at 66 Hudson Boulevard, Tishman Speyer CEO Rob Speyer, and AllianceBernstein CEO Seth Bernstein (Credit: Getty Images)

Investment giant AllianceBernstein is nearing a deal to to take 200,000 square feet at Tishman Speyer’s Hudson Yards development.

The investment firm – which is relocating its headquarters and 1,050 employees to Nashville – had been looking at Tishman’s The Spiral, along with Related Companies’ 50 Hudson Yards, to house its smaller staff.

However, it now appears Alliance has decided to move forward with The Spiral, according to Crain’s.

The firm currently leases 855,000 square feet at Fisher Brothers’ 1345 Sixth Avenue, where it previously held its headquarters.

Renderings of Tishman Speyer’s under-construction building, designed by Bjarke Ingels, show circular terraces that wind up the building, adding emphasis to green spaces.

If the deal pans out, AllianceBernstein will join pharmaceutical company Pfizer, which inked a 20-year-lease for 800,000 square feet at the building. [Crain’s] – David Jeans