Wells Fargo has announced plans to consolidate most of its New York office presence across two buildings in Hudson Yards. Developed by Related Companies, the project involves the conversion of three stories of retail space in 20 Hudson Yards into 445,000 square feet of new office space, providing an easy link to the company’s existing nine-story footprint in the connecting 30 Hudson Yards supertall skyscraper. Wells Fargo reportedly purchased the former Neiman Marcus store, which closed in 2020, for $550 million and plans to open the new office in three years.
This redevelopment will transform the vacant space into a modern, advanced office environment. Around 2,300 employees from Wells Fargo’s current office at 150 East 42nd Street are expected to relocate to Hudson Yards starting in late 2026, joining their colleagues already based there.
The planned office space will feature collaborative workspaces amenities such as a food hall with a rotating local restaurant program and an all-day coffee bar offering views of Hudson Yards’ landmarks. The company will also have a dedicated entrance on Tenth Avenue and naming rights for the exterior of the property.
“This significant expansion demonstrates both the success of Hudson Yard’s modern lifestyle offices and live, work, play environment, as well as the power of New York City to meet the evolving needs of the world’s most innovative companies,” said Jeff T. Blau, CEO of Related Companies. “New York City is once again a magnet for the best talent, and industry leaders like Wells Fargo recognize the long-term advantage of having dynamic office space at Hudson Yards.”
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