Sweden-based Spotify finalized a deal to take 378,000 square feet at 4 World Trade Center, according to a report in the Commercial Observer. The deal, which was first reported by Crain’s in December, was announced by state officials Wednesday.
“Today is a great day for the World Trade Center and Downtown,” said Larry Silverstein, head of Silverstein Properties, in a statement. “This major commitment by a pioneer of the digital economy is further proof that Lower Manhattan has become the top destination for New York’s most innovative companies.”
The company will add 1,000 new positions at its new digs, and will receive $11 million in rent subsidies over the next 15 years.
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Sweden-based Spotify finalized a deal to take 378,000 square feet at 4 World Trade Center, according to a report in the Commercial Observer. The deal, which was first reported by Crain’s in December, was announced by state officials Wednesday.
“Today is a great day for the World Trade Center and Downtown,” said Larry Silverstein, head of Silverstein Properties, in a statement. “This major commitment by a pioneer of the digital economy is further proof that Lower Manhattan has become the top destination for New York’s most innovative companies.”
The company will add 1,000 new positions at its new digs, and will receive $11 million in rent subsidies over the next 15 years.
Comptroller criticizes City Hall on homeless situation (The Wall Street Journal)
30-somethings who dig co-living are losers: Yardeni (The Real Deal)
Probe finds fraud and overcharges in Sandy recovery program (The Wall Street Journal)
Allowing basement apartments would create affordable housing (Politico New York)
A humble basement apartment gets a penthouse, above flood level (The New York Times)
Schlomi Reuveni sues Town for $16M over employment deal (The Real Deal)
Vornado pays millions to Trump Org. annually (The Wall Street Journal)
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