Condé Nast Officially in Talks to Move to World Trade Center

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It turns out that Condé Nast’s rumored move to the World Trade Center is actually on track to happen. According to the Times, the magazine company “has signed a tentative deal” to abandon their posh offices in 4 Times Square and move down to 1 World Trade Center (formerly called the Freedom Tower) when it is completed in 2013. While the deal is far from being finalized, it’s great news for the tower, which for a time was struggling to land tenants and overcome nagging delays and safety concerns. Durst, Condé’s landlord at 4 Times Square, conveniently recently landed a deal to co-develop the ground zero spire with the Port Authority.

Here’s the text of the memo sent out to Condé employees today:


We have been evaluating real estate opportunities that would allow us to house all our brands in a single, state-of-the-art headquarters, as some of you may already know.
As part of that process, we are in active discussions regarding 1 World Trade Center, a development project underway with the Durst Organization (our 4 Times Square landlord) and the Port Authority of New York and New Jersey.

While a final decision is several months away — and a move itself unlikely before 2014 - we wanted to keep you apprised of the status of this project.

We also wanted to alert you, since it is now highly likely that we will move from 4 Times Square, whether to 1 World Trade Center or another location, that we will be reviewing our present and future space requirements for each of our businesses. More information about that process will be communicated shortly.

Let the thrilling battle for office space now begin! All money's on Wintour.

Related: John Koblin examines the reasoning behind the potential move