Facebook completes lease with Hudson Yards for over 1.5 M square feet

Nov 15, 2019, 7:57 am

Facebook is shifting to Hudson Yards, part of a major push by the tech giant to expand its presence in New York City in 2020.

On Thursday, the social media giant signed a lease for more than 1.5 million square feet of space (139,000 square meters) at the development on Manhattan’s west side, according to a statement. The lease deal includes approximately 1,200,000 s/f in 50 Hudson Yards, approximately 265,000 s/f in 30 Hudson Yards and approximately 57,000 s/f in 55 Hudson Yards.

Hudson Yards is a $25 billion mega-development that opened in March 2019 and is one of the largest developments in the US, sitting on 14 acres of public space and comprising about 18 million square feet.

However, not everyone is supportive of the Hudson Yards venture.

“This capital, which comes at no cost to the American taxpayers was the catalyst of the Hudson Yards project and allowed us to immediately create thousands of jobs all over the city.” – A Hudson Yards spokesperson.

Recently, according to reports even with Amazon.com Inc., it is said to pulling out of plans in order to bring the headquarters to New York, tech giants continue to expand in the city. Google has been boosting its presence, whereas Facebook is now coming to Hudson Yards, the mega-development that has reshaped the Manhattan.

TechGenyz Reporter
Have confidential tip to share with us? Get in touch.
Icon