Friday, February 4th, 2011

Condé Nast World Trade Center: For Real!?

In today's most shocking media news: "Publishing giant Conde Nast is likely to finalize its 1 million-square-foot lease at One World Trade Center by March, developer Douglas Durst told Crain's today." One meeeeeelllion square feet! God, they must be getting an amazing rate, given how much, oh, everyone who works at Condé Nast despises the idea. They would become only the second tenant to sign up for the World Trade Center (though they claim, with this and other current interest, they'd have 85% leased), which will be completed sometime when our grandchildren will care. (Presumably there will still be magazines in that future.)

8 Comments / Post A Comment

I don't care what job it is, or what company it's for, you couldn't pay me enough to work in that crypt. That is just some bad, Poltergeist-level karma right there.

HiredGoons (#603)

Poltergeist 3, to be precise – the one set in that tacky 1980's high-rise.

petejayhawk (#1,249)

There are a lot of NYC media people here, so I pose this entirely-serious question. In a world where print journalism and accompanying ad dollars is, let's be charitable, changing drastically, why do old-timey media companies STILL take the "let them eat cake" approach to spending? Maybe downscale the offices (and yes, I know this probably counts as downscaling), save some cash? Or am I just silly and naive?

SidAndFinancy (#4,328)

I was walking by the 43rd Street entrance to the Condé Nast building in the early evening recently, and I couldn't believe the number of apparently mid-to-junior-level people getting into or waiting for their black cars. That's a lot of money right there.

Also, tourists taking pictures of one another in front of the Condé Nast sign?!

HiredGoons (#603)

I always love walking by there and seeing the anorexic chain smokers with Anjelica-Houston-in-'The Witches'-death eyes.

Flaneur (#998)

@petejayhawk, your parenthetical answers your question. Journalism is changing, but for now (and the foreseeable future, really) media people work best collaboratively in offices, and those offices have to be able to accommodate the staff. The media company I work for built expensive new offices a few years ago, but employees' personal space is now at just about the absolute minimum.

sigerson (#179)

But will the cafeteria be the same?????

ericdeamer (#945)

Oh I'm sure all those people will just be happy to be right by the PATH train!

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