Downtown Express
June 1, 2011
BY ALINE REYNOLDS | It’s official: publishing giant Condé Nast will be moving to the World Trade Center.
The company’s chairman, Si Newhouse Jr., signed a 25-year, $2 billion lease with its future landlord, the Port Authority of New York and New Jersey, for one million square feet of office space at 1 W.T.C. last week.
Condé Nast’s more than 3,000 employees will occupy one-third of the skyscraper’s office space starting in 2015, according to Port Authority’s executive director, Chris Ward, who held a press conference on the tower’s 34th floor on Wed., May 25, to announce the news.