And The Conde Nasties Weep

The deal to bring Condé Nast to the building once known as the Freedom Tower would signal a remarkable turnaround for a project that had been considered a marketing nightmare. The 1,776-foot-tall skyscraper will be the tallest building in New York when it is completed in 2013. If the deal goes through, employees of Condé Nast — publisher of Vanity Fair, The New Yorker, Vogue and 15 other magazines — would move in 2014 from their current home in Times Square. The company, which currently occupies 800,000 square feet at 4 Times Square, notified its employees in a memo Tuesday morning that it was in “active negotiations” to move to 1 World Trade Center but a final decision was several months away. After years of delay, the steel latticework for the $3.2 billion building is rising hundreds of feet into the skyline. The Port Authority of New York and New Jersey, which owns the building, recently renamed it 1 World Trade Center. The authority is hoping that Condé Nast will bring the same kind of cachet to a rebuilt trade center that the publisher brought to a dowdy Times Square in the late 1990s.Conde Nast would occupy more than one-third of the massive tower. Quick, somebody get three thousand feet of velvet rope to Ground Zero, stat!
Labels: Ground Zero, Manhattan, New Yorker Magazine, NYC, publishing, Vanity Fair, WTC