Warner Music New York Headquarters Moving?
June 6, 2013 at 4:32 AM (PT)
The longtime home of WARNER MUSIC at 75 Rockefeller Center in MANHATTAN may be a memory, as CRAINS NEW YORK reports the company, "has stepped up its search for new office space. The music label is in talks to move south to 7 W. 34th St., where it would take about 225,000 square feet. Those familiar with the company's search cautioned it was still considering options to relocate elsewhere. A spokesman at WARNER MUSIC declined to comment."
The report notes VORNADO REALTY TRUST also owns 1290 Sixth Ave, where some WMG employees are based, and could cut a deal to combine them with the ROCKEFELLER CENTER move to 34th St.
Why the moves from 75 Rockefeller Center after all these years? CRAINS notes the building, "was acquired last year by RXR REALTY, which in the coming months plans to empty the property of tenants and renovate it with the aim of collecting higher rents down the road."