Manhattan has become a popular destination for tech companies in recent years, and as of Thursday, that trend continues with an announcement from Facebook that it will be moving into Hudson Yards in 2020.
The tech giant signed a lease for 1.5 million square feet of office space, Hudson Yards announced. The space will span across 30 floors of three buildings at the recently-opened development on the West Side, which is bound from 30th to 33rd Streets, between 10th and 11th Avenues.
The deal adds to Facebook’s presence in the city as the company already has corporate offices Downtown near Astor Place at 770 Broadway.
“New York’s vibrant communities, strong business economy and diverse talent base first attracted us to the city in 2007,” said John Tenanes, the vice president of Global Facilities and Real Estate for Facebook, when the announcement was made. “When considering the next phase of our growth in the city, it was important that our newest office space was situated in the heart of a vibrant community that offered access to arts, culture, media and commerce. Hudson Yards offered this and more, and we’re excited to expand our offices there starting in 2020.”
The lease at Hudson Yards includes 1.2 million square feet in 50 Hudson Yards, 265,000 square feet in 30 Hudson Yards, and about 57,000 square feet in 55 Hudson Yards.
“This is an extraordinary commitment to New York City and Hudson Yards,” said Jeff T. Blau, CEO of Related Companies, a developer of the complex. “Hudson Yards continues to be a magnet for talent, attracting the greatest companies across every sector of the economy. We are thrilled to welcome Facebook and its employees to their new park-front offices where they will enjoy the convenience of a truly dynamic live-work-play environment.”
Hudson Yards, which officially opened in March, said it has now leased or sold 8 million square feet, meaning that 91 percent of the development now has leasing commitments.
With the move into Hudson Yards next year, Facebook will become neighbors with fellow tech giant Google, which has offices in West Chelsea. More tech expansion is expected in the area with construction of the new Tech Hub on 14th Street, which is expected to open in 2020 and include space for digital-skills training, along with hosting tech companies and startups.