Condé Nast signs tentative lease

Publisher Condé Nast has signed a tentative lease with the Port Authority for office space in 1 World Trade Center. If the deal goes through, Condé Nast would become the building’s largest private tenant to date. Bank of New York is also considering office space at 1 W.T.C.

According to the New York Times, Condé Nast employees were told in a letter that the move “would allow us to house all our brands in a single, state-of-the-art headquarters.” Condé Nast currently rents office space in six buildings.

“It’s great news that Conde Nast is considering a move to Lower Manhattan,” said Elizabeth Berger, president of the Alliance for Downtown New York. “Wall Street is known around the world as the premier financial services address, but Lower Manhattan has so much more.

The Daily News and American Media will soon join 59 other media tenants that are already [in Lower Manhattan],” she added. “If Condé Nast follows, Lower Manhattan will be media central.”

— Aline Reynolds