Goldman Sachs is reconfiguring its real estate footprint and, according to the New York Post, that could have a major impact on its 42-story Jersey City property that remains the tallest in the state. The firm plans to move some of its real estate, technology and administrative staff to its new headquarters at 200 West Street in Battery Park City from the 1.5 million-square-foot office it developed in 2004 at 30 Hudson Street in Jersey City.
Goldman has less reason to use the tower now that the 10-year, $164 million abatement program it received for the development is expiring the Post said. The firm has room for more people in Battery Park City, where employees of the banking giant famously prefer to work.
But it remains unclear whether the Jersey City property will be completely emptied, as conflicting sources shared different reports with the Post. Regardless, the paper said something the property is worth tracking as something must be in the works. [Post, 2nd item]