Real Estate Weekly
Image default
Debt & Equity

Tishman Speyerʼs Spiral catches eye of investment giant AB

Tishman Speyer and AllianceBernstein (AB), a leading investment management firm, announced that AB will lease 189,000 s/f at The Spiral, the 65-story office tower under development at 66 Hudson Boulevard.

Beginning in January 2025, the financial services firm will occupy floors 25 through 28 under a 20-year lease agreement.

The company joins biopharmaceutical giant Pfizer which is relocating its global headquarters to 800,000 s/f within 1,031 ft. skyscraper upon its completion in 2022.

Tishman Speyer President and CEO Rob Speyer said, “Tishman Speyer is thrilled to welcome AllianceBernstein, which was attracted to The Spiral in part due to Bjarke Ingels’ unique and inspired design.”

The Spiral will feature a cascading series of landscaped terraces and hanging gardens as its signature element. The terraces will ascend, one per floor, in a spiraling motion to create a continuous green ribbon that wraps around the façade of the tower and supplies occupants with readily accessible outdoor space.

Speyer said, “With its iconic architecture, technological innovations, top-tier amenities, amazing views and abundant access to outdoor spaces, The Spiral is raising the bar for the 21st Century creative work environment.”

Seth Bernstein, President and CEO of AB, said, “We embarked on an extensive search to find the right space for AB. We believe that The Spiral will help us to achieve a workplace that is equipped with collaborative tools, flexible open spaces, and state of the art staff amenities and innovative technology, all of which will help us to best serve our clients.

“We are looking forward to making The Spiral our New York City home.”
Located at the intersection of the High Line and the four-acre, recently renamed Bella Abzug Park, The Spiral will encompass a full block stretching from West 34th to West 35th Streets and from 10th Avenue to the park.

The six-story base will include a lobby with ceiling heights of up to 28 feet and main entrances on Hudson Boulevard East and 10th Avenue. The base also will include approximately 25,000 s/f of retail.

Newmark Knight Frank brokeres Neil Goldmacher, Jared Horowitz and Brian Goldman represented AB in the lease while Tishman Speyer was repped in-house.

Fried Frank acted as counsel to AllianceBernstein. The team include Ross Silver, Danielle Frank and James Schuster.

Related posts

Criterion JV refinances 22-property outdoor storage portfolio with $132.3M loan from Axos Bank


JLL arranges $220M financing, equity for downtown Manhattan office-to-apartment conversion


Lonicera Partners and Rabina Secure JV Equity and Financing for Downtown Brooklyn Apartment Development