Facebook is reportedly in talks to lease space at the revamped Farley Building (the former James A. Farley Post Office) across from Madison Square Garden, according to Lois Weiss at the Post.
The company had also been said to be looking at Hudson Yards.
So why are we writing about this? To the Post!
It’s unclear what will happen to Facebook’s current NYC offices, including 758,000 square feet at 770 Broadway and 266,000 square feet at 225 Park Avenue. So.
Both Farley and 770 Broadway are owned by Vornado and its chairman Steve Roth, who has been wining and dining tech companies for years in an effort to lease them the top floors of the post office.
Roth, whose reps didn’t immediately return a request for comment, could cut Facebook a deal for Farley that also lets it off the hook for its current East Village lease, which expires in 2025.
As you may recall, Kmart downsized its space at 770 Broadway, the landmarked building on Astor Place, in early 2018. There were reports in late 2017 and early 2018 that Vornado bought Kmart out of its lease on the second floor, which was revamped from low-price to high-tech for Facebook.
The smaller Kmart still has 82,000 square feet in building, including most of the property's ground-floor retail space as well as basement level.
Also, as you'll see in the top photo, Kmart recently unveiled a new logo on the building.
Previously on EV Grieve:
Kmart staying on Astor Place, minus the 2nd floor (for Facebook?)