Posts tagged with ‘real estate’

The hard-to-believe decision by magazine empire Condé Nast (publisher of Vogue, Vanity Fair, The New Yorker, Wired, and Glamour, among others) to move the city’s hot center of creative talent from its current Times Square headquarters to the never-ending security nightmare known as “Freedom Tower” at Ground Zero, may be one of the single most questionable corporate decisions in New York City history.

Ron Rosenbaum, Slate, Save the Condé Nast Maidens! Don’t lock them up in the WTC Tower of Terror.

Background: Condé Nast recently signed a lease for one million square feet of office space at 1 World Trade Center. The deal is worth an estimated $2 billion over 25 years, according to the New York Times which writes, “Besides matters of costs, terms and incentives, the negotiations involved reams of traffic studies and security discussions, to ensure that its black cars (more than 100), its racks of designer dresses and its well-shod executives would be able to pass swiftly each day through the police-imposed security zone that is to surround the complex.”