The New York Post wrote a piece this week reporting that Apple is negotiating a potential lease of an exclusive high-profile office and retail space in Manhattan’s Hudson Yards. The space occupies some 60,000 sq. ft. It is said that the building in question is currently under construction. If the rumors are confirmed, Apple will join the company of other high-profile tenants, including law firms, private equity firms and asset management funds.
Interestingly, rumors also circulate that Apple is seeking to establish retail presence as well, not just the office one. However, this does not sound plausible, given that Apple’s premium 5th Avenue store is located just a little over two miles away, and another store is located at West 14th Street.
The 55 building in Hudson Yards is developed by Related Cos. and Mitsui Fudosan, which is the primary owner. Hudson Yards itself is a large premium property development, overlooking the Hudson River, with an estimated value at $20 billion. While its completion is scheduled for 2024, the area already houses luxury hotspots, hotels, restaurants and stores. Getting hold of a spot in such a location is a goal pursued by many brands.
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