Spotify deal makes 4 World Trade Center the complex's first fully leased towerNew, 3 comments
The music streaming service will move its HQ to Fumihiko Maki’s skyscraperBy Amy Plitt@plitter Feb 15, 2017, 4:45pm EST
Share this story
Share All sharing options for: Spotify deal makes 4 World Trade Center the complex's first fully leased towerMax Touhey for Curbed
More than three years after it first debuted to the public, 4 World Trade Center has hit a milestone: Today, Governor Cuomo announced that music-streaming service Spotify will move its U.S. headquarters into the not-quite-a-supertall tower, meaning that it’s the first (and only) building within the World Trade Center complex to be fully leased.
Spotify’s new office will take over a positively enormous 378,000 square feet within the skyscraper, and is expected to open in 2018. As part of the deal, the company will get $11 million in rent credits over 15 years; similar deals have been brokered with other WTC tenants, including Condé Nast, as part of the Empire State Development Corporation’s World Trade Center Rent Reduction Program. The streaming service is currently headquartered at 620 Sixth Avenue, but rumors of a move downtown have been flying for the past few months.
“Lower Manhattan is more vibrant, diverse, and connected than ever before, and Spotify’s expansion is the latest example of this community’s incredible potential for growth,” Governor Cuomo said in a statement. (He also released his own Spotify playlist today—it’s basically peak baby boomer.)
Other tenants in the 56-story skyscraper, designed by Fumihiko Maki, include the Port Authority, SportsNet New York, and Zurich Insurance Group. It’s also home to the Lower Manhattan outpost of Eataly, and connects directly to the Santiago Calatrava-designed WTC Transportation Hub.
- All World Trade Center coverage [Curbed]
Next Up In World Trade Center
- The real story behind Philippe Petit’s World Trade Center high-wire stunt
- A photo tour of the World Trade Center
- The status of the World Trade Center complex, 18 years later
- Two major NYC developers may join forces on 5 World Trade Center
- 5 World Trade Center site could sprout 900-foot residential tower
- Final undeveloped World Trade Center site could be sold
Sign up for the Curbed NY Newsletter
Developers are billing the project as being located in "Midtown South."By Valeria Ricciulli 1 comment / new
The much-anticipated plan falls short os transits advocates hopes.By Caroline Spivack
Developers have announced plans to build a residential tower and new Brooklyn Music School facility in Fort Greene.By Valeria Ricciulli
New York’s hundreds of thousands of buildings are key to understanding its history.By Amy Plitt
Gensler has been tapped to transform the lobby of the landmarked Postmodern buildingBy Amy Plitt
See what $2,200 rents in NYC neighborhoods like East Village, Sunset Park, and Astoria.By Valeria Ricciulli 3 comments / new