Tishman Speyer today announced five lease agreements totaling 129,500 square feet at The Spiral, its iconic West Midtown office tower at 66 Hudson Boulevard.
HSBC has agreed to expand its 20-year, U.S. Headquarters lease at The Spiral to over 300,000 square feet, via a 35,400-square-foot expansion. HSBC will now occupy the remaining portions of the dramatic double-height 29th and 30th floors of the 66-story tower. In addition to leasing the 29th and 30th floors in their entirety, HSBC also occupies three massive podium floors and a recently-opened Wealth Center at street level.
In addition to HSBC, Tishman Speyer reached an agreement with XR Extreme Reach for 13,400 square feet across a portion of The Spiral’s 21st floor. The global technology company that powers the creative economy relocated its headquarters from 1633 Broadway earlier this year.
Tishman Speyer also inked a relocation deal with Fifth Wall, a large asset manager focused on improving, future-proofing, and decarbonizing the built world, which moved from 1 Little West 12th Street in Meatpacking to a 6,700-square-foot space on a portion of The Spiral’s 53rd floor in February.
Finally, Tishman Speyer completed full-floor relocation deals with two additional investment management companies. One firm will occupy 38,500 square feet, while the second will occupy 35,500 square feet.
“The Spiral is an inspired office destination that appeals to today’s most collaborative, creative and performance-driven companies,” said Tishman Speyer Managing Director Amir Sperling. “For these successful firms to relocate their headquarters to the building is further validation of that vision.”
“As one of the world’s leading international banks, it’s important that our U.S. headquarters reflects our commitment to our clients and our people,” said HSBC U.S. Chief Operating Officer Michael Privitera. “Following our move to The Spiral earlier this year, employee feedback and engagement have been off the charts. We’re thrilled to expand our operations in this world-class office building in the financial capital of the world.”
Designed by BIG-Bjarke Ingels Group, The Spiral features a cascading series of landscaped terraces and hanging gardens as its signature element. The terraces ascend one per floor in a spiraling motion to create a unique, continuous green pathway that wraps around the façade of the tower, ensuring that each occupant in the tower benefits from ready access to fresh air and outdoor space. The Spiral was recently honored as the world’s Best Tall Building in its category by the Council on Tall Buildings and Urban Habitat.
The 2.8 million-square-foot tower is anchored by the world’s pre-eminent biopharmaceutical company, Pfizer. Other prominent companies that have relocated to The Spiral include HSBC, Debevoise & Plimpton LLP, AllianceBernstein, Turner Construction, Baker Tilly and Skandinaviska Enskilda Banken.
All customers in The Spiral and their guests have access to the ZO Clubhouse, a premier amenity center and lounge perched on the top floor of the tower. The Clubhouse features an open-air terrace, panoramic views of New York City, food and beverage service, and multiple spaces for meetings, conferences and events.
Tishman Speyer has devoted the entire 23rd and 24th floors to its Studio co-working platform, along with its Studio Gather conference center and Studio Private flexible office product. Tishman Speyer also recently introduced Spiral Suites, offering high-end prebuilt suites ranging from 7,000 square feet to a full floor of 48,000 square feet. The suites feature custom layouts and furnishings, sleek reception areas, and large windows for light-filled workspaces. Customers have full access to outdoor space and all tower amenities, including ZO Clubhouse.
The Spiral will be animated at street level by Papa San, a restaurant showcasing Peruvian-Japanese cuisine from the team behind critically acclaimed restaurants Llama San and Llama Inn, as well as two new dining concepts from two-Michelin-starred chef Gabriel Kreuther.
Tishman Speyer was represented in-house by Greg Conen and Sam Brodsky in all transactions. HSBC was represented by Peter Riguardi, Matt Astrachan, Mitchell Konsker and Will McGarry of JLL. XR was represented by Joe Messina and Seth Hecht of JLL. Fifth Wall was represented by Ryan Alexander, Ross Zimbalist, Jared Isaacson and Jeff Frenkel of CBRE.
About Tishman Speyer (tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 35 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 556 properties, totaling 225 million square feet, with a combined value of over $128 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.
About HSBC
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,0001bn at 31 March 2024, HSBC is one of the world’s largest banking and financial services organisations.
HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through Wealth and Personal Banking, Commercial Banking, Private Banking, Global Banking, and Markets and Securities Services. Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc.
For more information, visit: HSBC in the USA
