Facebook close to finalizing Hudson Yards office deal: report

The deal would establish Hudson Yards as a tech hub

New York /
Jun.June 25, 2019 06:01 PM
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook is reportedly in talks to lease a 1 million-square-foot office space at 50 Hudson Yards.

The office developers of the commercial tower, the Related Companies and Oxford Properties Group, are considering pushing aside a deal with law firm Debevoise & Plimpton for 450,000 square feet, according to Crain’s.

The transaction would establish the emerging neighborhood as a center for the city’s technology sector. Amazon in 2017 signed a 15-year lease at Brookfield Property Partner’s 5 Manhattan West. The company is now in talks to take over space at 2 Manhattan West, another Brookfield development, according to Crain’s.

Google, meanwhile, has its offices in the Chelsea Market area, and has plans to build a new campus in Hudson Square.

Facebook has multiple office spaces across New York, at locations including 770 Broadway and 335 Madison Avenue. The company has not commented on reports about the Hudson Yards transaction.

[Crain’s] — Sylvia Varnham O’Regan


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
SL Green’s locks in big bank lease at Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
Noel Quinn, chief executive, HSBC Group; renderings of 66 Hudson Blvd (HSBC, Tishman Speyer)
HSBC eyeing move to Tishman Speyer’s Spiral
HSBC eyeing move to Tishman Speyer’s Spiral
Mark Zuckerberg (Getty Images, iStock)
Meta postpones office return
Meta postpones office return
CommonWealth Partners closes on $1B Hudson Commons buy
CommonWealth Partners closes on $1B Hudson Commons buy
CommonWealth Partners closes on $1B Hudson Commons buy
Levered and loaded: KKR looks to flex its real estate muscle
Levered and loaded: KKR looks to flex its real estate muscle
Levered and loaded: KKR looks to flex its real estate muscle
Facebook parent grabs another 1M sf in Bay Area
Facebook parent grabs another 1M sf in Bay Area
Facebook parent grabs another 1M sf in Bay Area
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...