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Old Posted Aug 3, 2020, 9:32 PM
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Farley gets Zucked: Facebook signs huge lease at Post Office redevelopment
The social media giant announced a broader work-from-home push earlier this year

August 03, 2020

Facebook is officially coming to the Farley Post Office redevelopment, in what is certain to be a major boost for New York’s struggling office market.

The social media giant has signed a lease for 730,000 square feet of space at the property, landlord Vornado Realty Trust announced Monday.

Vornado CEO Steve Roth on Monday said in a prepared statement that Facebook’s decision “reinforces New York’s position as the nation’s second tech hub.” Robert Cookson, who oversees real estate for the social networking giant, said that the company looked forward to being a part of this iconic New York City landmark’s future for years to come.”

Facebook’s New York city office is currently located at Vornado’s 770 Broadway. The company also signed on last year for more than 1.5 million square feet nearby at Hudson Yards.

“Facebook first joined New York’s vibrant business and tech community in 2007,” Robert Cookson, the vice president of real estate for Facebook, said in a statement. “Since that time, we’ve continuously grown and expanded our presence throughout the city. The Farley Building will further anchor our New York footprint and create a dedicated hub for our tech and engineering teams.”

The Farley space will be the second massive office that Facebook will have in the area. In November, Facebook signed a lease for more than 1.5 million square feet across three buildings in the nearby Hudson Yards.

It’s also reportedly in talks to take over Neiman Marcus’ 188,000-square-foot retail space in Hudson Yards to convert into office use, which Neiman Marcus said last month it would ditch as part of the department store’s bankruptcy proceedings.
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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