Facebook Inks Deal at 770 Broadway
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[Photo: Google Maps]In a huge boon to a possible Astor Place tech boom, Facebook has just inked a ten-year deal for 770 Broadway, its second outpost. The block-long building houses K-Mart on the ground floor, and also hosts offices for the Huffington Post and AOL (and previously Nielsen). Crain’s broke the story yesterday, noting that the deal is for 100,000 square-feet of space at $70 per square-foot … in a neighborhood they’re calling “Midtown South.” How is an area below Fourteenth Street known as anything close to Midtown?
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Anyway, the deal for 770 Broadway includes an option to increase the overall footprint by 60,000 square-feet in two years. Which translates to the seventh and eighth floors. We also learn that Facebook had considered the new Death Star building around the corner at 51 Astor. That soon-to-open development is certainly trying its hardest to become a tech destination.
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