What's Up with the Glass Palace on Astor Place?

Looks like early resistance may soon turn into a victory lap on Astor Place.

Crain’s New York Business reports today that Twitter is in talks to take a big amount of space at 51 Astor Place.  The building, developed by Edward J. Minskoff Equities Inc., was supposed to attract high-tech firms, but had stalled after getting one Internet business. 

Minskoff purchased the full block, bounded by Astor Place, Third and Fourth Avenues, and Ninth Street, from Cooper Union under a 99-year ground lease in January 2008.

Now, the big tenant that Minskoff wanted is close to signing, and more may be on the way.

Twitter would be the anchor tenant in name and, likely, size, if it takes the reported 100,000 square feet of the 400,000 available at the space. Crain’s notes that 1stdibs, an online auction site, was the first tenant for the property, at about 42,000 square feet, earlier this year.

Crain’s reports that Facebook negotiated to move in, but ended up moving nearby, to 770 Broadway.  It also says that IBM and Cisco are rumored to be looking at availability.

The article and details can be found here.

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