One of the biggest financial institutions in the world is sizing up options for a new headquarters in New York.
Deutsche Bank, longtime occupant and onetime owner of 60 Wall St., is reportedly planning to move offices once its lease expires in 2022. The company is looking into taking 1.3M SF at either 2 World Trade Center or 50 Hudson Yards, the New York Post reports.
Silverstein Properties' 2 World Trade Center is still waiting for an anchor tenant to begin construction, and Deutsche Bank would fit the bill. 50 Hudson Yards is set to begin construction after landing an 850K SF lease from BlackRock and $3.8B in financing, but has the room to fit another massive financial tenant.
Deutsche Bank has reportedly sent both Silverstein Properties and 50 Hudson Yards developers Related Cos. and Oxford Property Group requests for proposals, signaling a desire to move forward with leasing plans.
2 World Trade Center is the last of the four planned office towers at the Downtown site to get started, with 3 WTC under construction and 4 WTC completed and fully leased with tenants like Spotify.
As 50 Hudson Yards prepares to rise, Related and Oxford recently sold 90% ownership of the 2.9M SF project to Japanese developer Mitsui Fudosan for $3.6B.
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