Downtown Alliance Welcomes Daily News to Lower Manhattan
The New York Daily News announced Monday that it will move its headquarters to 4 New York Plaza, joining a rapidly growing group of media companies that now do business in Lower Manhattan. Sister organization U.S. News & World Report will join the News in the move.
"We're thrilled to welcome the New York Daily News and U.S. News & World Report to Lower Manhattan, which is fast becoming an even greater destination of choice for media companies," said Elizabeth H. Berger, President of the Alliance for Downtown New York . "It's great that the News wants to move where the news is happening."
The Daily News signed a long-term lease for two floors comprising 100,000 square feet at the 25-story tower at Water and Broad streets. The building's owner, Harbor Group International, was represented by CB Richard Ellis
The Daily News will join a number of prominent media companies in Lower Manhattan, including Thomson Reuters, AmericN Lawyer Media, Metro New York, Dow Jones & Company, Mansueto Ventures, publisher of Fast Company and Inc. magazine, and WOR AM 710.
American Media Inc., which publishes Star and National Enquirer, recently announced a move to the same building.
"Wall Street is known around the world as the premier financial services address, but Lower Manhattan is also home to a rich mix of businesses, non-profits and start-ups," Berger said. "With one of New York's fastest-growing residential populations, a host of exciting amenities and a public transportation network that offers access throughout the tri-state region, Lower Manhattan is a model 21st century central business district."
Berger added that the company joins other prestigious commercial tenants on Water Street. The Downtown Alliance recently released a study of the subdistrict, Water Street: A New Approach. You can find out more about the study and download the full report here .
"The presence of a company like the Daily News," Berger said, "confirms what more than 70,000 workers already know: Water Street is the place to be."
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The mission of the Alliance for Downtown New York is to be the principal organization that provides Lower Manhattan's historic financial district with a premier physical and economic environment, advocates for businesses and property owners and promotes the area as a world-class destination for companies, workers, residents and visitors.
The Downtown Alliance manages the Downtown-Lower Manhattan Business Improvement District (BID), serving an area roughly from City Hall to the Battery, from the
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