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WSJ: KKR, Wells Fargo Eyeing More Space at Hudson Yards
Although overall office demand in New York City and other major cities remains sluggish, KKR and Wells Fargo are looking to add more office space at Hudson Yards, the Wall Street Journal reported Tuesday.
KKR already owns the top 10 office floors of 30 Hudson Yards as office condominiums it acquired in 2019, and paid more than $500 million for a majority stake in the observation deck at the top of the building in October. Wells Fargo already occupies 500,000 square feet at 30 Hudson Yards, the mega-development’s flagship office tower.
The WSJ reported that the additions are likely seen as a way to incentivize remote workers to return to work in these new-construction office spaces, with amenities including outdoor terraces, game rooms and superior ventilation systems.
Meanwhile, Related Cos. continues to search for a flagship retail tenant at the complex, following Neiman Marcus’ departure last year.
- ◦Lease
