Conde Nast was one of the tangential losers in the West Side rail yards bidding. The magazine publishing giant was the anchor tenant for the Durst-Vornado bid, and that bid, of course, lost yesterday to Tishman Speyer’s.
But! John Koblin, at our brother blog Media Mob, reports that Conde Nast C.O.O. John Bellando sent out an internal memo this morning telling employees that the company was still looking to build a new tower–somewhere–by 2016.
From the memo:
[S]everal other promising real estate development opportunities have been brought to our attention and we intend to continue to explore all of our options for a new office tower in the 2013 – 2016 timeframe.
Conde Nast has a lease at 4 Times Square through 2018, according to landlord Douglas Durs, but that coule be broken as early as 2015.