Facebook facing off with Apple over space in Vornado’s Farley Building conversion

Vornado chairman Steve Roth appears to be leaning toward Facebook

New York /
Oct.October 16, 2019 10:32 AM
Facebook CEO Mark Zuckerberg and Apple CEO Tim Cook with a rendering of the Farley development (Credit: Getty Images, SOM iStock)

Facebook CEO Mark Zuckerberg and Apple CEO Tim Cook with a rendering of the Farley development (Credit: Getty Images, SOM iStock)

A pair of tech giants are battling it out over some prime office space in New York.

Facebook and Apple are both interested in leasing space at Vornado Realty Trust’s conversion of the massive James A. Farley Post Office, according to the New York Post.

Facebook has been in talks for 740,000 square feet of space in the project since at least September, but Apple has more recently decided it wants to lease all four floors of office space and a new floor being built on the roof.

The competition puts Vornado chairman Steven Roth in a tough spot. He is already Facebook’s landlord at 770 Broadway, where the company has a 758,000-square-foot lease, but Apple’s market capitalization of more than $1 trillion is more than double Facebook’s.

However, Roth appears to be leaning toward Facebook, and Apple has put feelers out for space in Tishman Speyer’s development project at the Morgan North Post Office as a backup, according to the Post. [NYP] — Eddie Small 


Related Articles

arrow_forward_ios
Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)
Free and clear: Vornado pays off debt at 220 CPS
Free and clear: Vornado pays off debt at 220 CPS
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
Developers pitch New York City casino
Developers pitch New York City casino
Developers pitch New York City casino
Inside the $1.6B Moynihan Train Hall redevelopment
Inside the $1.6B Moynihan Train Hall redevelopment
Inside the $1.6B Moynihan Train Hall redevelopment
From left: 1 Park Avenue, 55 Water Street, 250 Broadway (Photos via Wikipedia, Google Maps, Eastern Consolidated)
Manhattan office availability hits record high
Manhattan office availability hits record high
One Manhattan West, Grace Building and St. John's Terminal nabbed the largest loans in NYC in 2020. (Brookfield Property Partners, SHVO)
NYC’s biggest real estate finance deals of 2020
NYC’s biggest real estate finance deals of 2020
Vornado Realty Trust's deal with Facebook leads the list. (Getty, Wikimedia Commons)
NYC’s 10 most valuable office leases of 2020
NYC’s 10 most valuable office leases of 2020
arrow_forward_ios

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

Loading...