Conde Nast Moving Into Freedom Tower

Magazine publisher Condé Nast has agreed to relocate its global headquarters to 1 World Trade Centre. Condé Nast announced May 17 that it had agreed to move its corporate headquarters to New York’s Freedom Tower, the skyscraper being built on the site of “Ground Zero,” where the World Trade Center’s twin towers were destroyed on the Sept. 11, 2001, attacks.

The building, now officially called 1 World Trade Center, is scheduled to be dedicated on the Sept. 11, 2011, tenth anniversary of the attacks, but The New York Times reports (May 18) that relocation will not begin until 2014, when the company will begin occupying floors 20 through 41 including over 3000 workers.

Standing on the 34th floor of the unfinished spire, with a view overlooking the Statue of Liberty, officials from the company and the Port Authority of New York and New Jersey signed a US$1.9 billion ($2.4 billion), 25-year lease that will have the publisher take over about a third of the skyscraper formerly known as the Freedom Tower.

It is the second corporate tenant to sign a deal for space and its presence is sure to inspire more buzz than the first entity to sign on – a Chinese real estate investment firm.

“From travel to fashion to cultural critiques, the Conde Nast imprint lends authority to any subject. The same can be said with real estate,” the Port Authority’s executive director, Christopher Ward, said on Thursday when the agency approved the deal.

Condé Nast is a large media company that owns many popular magazines and companies. Publications include Wired, Vanity Fair, Glamour, Vogue, The New Yorker, and social news site Reddit.

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One Response to Condé Nast Is Moving Into Freedom Tower

  1. [...] Nast, publisher of Wired.com and Wired magazine, announced May 17, 2011, that it is moving its global headquarters to the Freedom Tower, aka 1 World Trade Center, starting in [...]

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