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Spotify deal makes 4 World Trade Center the complex's first fully leased tower

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The music streaming service will move its HQ to Fumihiko Maki’s skyscraper

By Amy Plitt@plitter Feb 15, 2017, 4:45pm EST

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Max 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.

As for the other buildings within the WTC complex, One World Trade is about 70 percent leased, while 3 World Trade Center still has more than two dozen floors available.

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