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Deutsche Bank Ponders Options for New Manhattan HQ

September 6, 2017

[Image:  Rendering of 2 World Trade Center Tower, by Bjarke Ingles / Silverstein Properties Dbox]

 

It's rumored that Deutsche Bank is nearing a decision on a new headquarters in New York City. Currently situated at 60 Wall Street, the bank may move its operations to Two World Trade Trade Center, the yet-to-be-constructed 2.8 million square feet building in downtown Manhattan. That site was designed by architect Bjarke Ingels, but has been unable to secure an anchor tenant.

 

Alternatively, Deutsche Bank may move to 50 Hudson Yardsthe future up-and-coming site that has already signed PE firm BlackRock as an anchor tenant. The bank helped provide a $1.5 billion construction loan on that building.

 

With its current lease set to expire in 2022, Deutsche Bank has some time to play out its options.