Morgan Stanley Exploring Move to Manhattan's West Side
February 09 2017 - 8:05PM
Dow Jones News
By Keiko Morris and Liz Hoffman
Morgan Stanley is exploring a move to Hudson Yards, the vast
development going up on Manhattan's West Side, according to people
familiar with the matter.
The bank is considering the purchase of the remaining 2 million
square feet at 50 Hudson Yards, the planned tower where money
manager BlackRock Inc. is also expected to move its headquarters,
the people said.
"We routinely review potential options for upgrading our
workspaces," a spokeswoman for the bank said. "As we consider plans
to continue to upgrade our current office space, we are also in the
very early stages of evaluating potential alternatives. We
anticipate a lengthy timeline before any decisions are made."
The 2.9 million square foot tower at 50 Hudson Yards is part of
a massive mixed-use development under construction by Related Cos.
and Oxford Properties Group.
Write to Keiko Morris at Keiko.Morris@wsj.com and Liz Hoffman at
liz.hoffman@wsj.com
(END) Dow Jones Newswires
February 09, 2017 19:50 ET (00:50 GMT)
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