Deutsche Bank, a name once unfairly associated with political inertia and delay at Ground Zero, could be the tenant that finally gets Two World Trade Center built to complete the site’s planned office tower quartet.
The financial giant has quietly sent a request-for-proposals to Larry Silverstein regarding a possible relocation to the Bjarke Ingels-designed 2 WTC, sources told Realty Check.
Deutsche, which has long been at 60 Wall St. which it once owned, is trolling for a new Manhattan home for when its lease expires in 2022.
But Deutsche has also sent an RFP to Related Cos. and Oxford Properties Group for 50 Hudson Yards, we’ve learned. Unlike Two World Trade, Related’s 2.3-million-square-footer is set to rise imminently, having pre-signed BlackRock as an 850,000- square-foot anchor. (Mitsui Fudosan is buying a 90 percent stake in the tower.)
On Tuesday, Related announced that the partners had closed on a $1.8 billion construction loan for 50 Hudson Yards, which is expected to start rising by year’s end.
Deutsche Bank is considering 1.3 million square feet at either Two World Trade or 50 Hudson.
You’ll recall that Twenty-First Century Fox and the New York Post’s parent, News Corp., were in nonbinding talks with Silverstein in 2015 about moving to Two World Trade, but no deal was struck. The separate media companies controlled by Rupert Murdoch would have taken a total of 1.3 million square feet of the tower’s 2.8 million total.
An RFP is basically a “make me an offer” pitch. But it usually means that a tenant is ramping up its decision-making process.
Although Silverstein built the now-full 4 WTC and is gradually filling 3 WTC, he’s been frustrated in his efforts to land an anchor tenant to get Two World Trade off the ground. (One World Trade is owned by the Port Authority and the Durst Organization.) The three existing towers have drawn tenants such as Condé Nast, GroupM, Media Math, Spotify and Moody’s.
In the years following 9/11, the Deutsche Bank name was associated with the World Trade Center for the ruined hulk of 130 Liberty St. nearby, which was severely damaged in the terrorist attack. But the bank turned it over to the Lower Manhattan Development Corp. in 2004, and it was the agency’s job to take down the blackened ruin — a task it didn’t complete until 2011.
Reps for Silverstein and Related declined to comment. Deutsche Bank reps couldn’t be reached over the holiday weekend.