Construction to start next year, completed by end of 2006
Barry Diller may be a media mogul no more — but he’s building a new and extremely cool Frank Gehry-designed headquarters in Gotham to house his fast-growing Internet company InterActive Corp.
Construction will start on the striking-looking nine-story frosted glass building early next year and be completed by the end of 2006. It will be located in Chelsea, across from the Chelsea Piers complex, on the West Side Highway between 18th and 19th Streets.
“As our need for space grew, we began to think it might be advantageous to create our own working environment. While much about the future is always unknown, we’re confident that InterActiveCorp is at its early growth in a business sector that is at its beginning… and we’re at a stage where it’s sensible to put down roots in a buoyant and exuberantly imaginative way,” Diller said in a statement Tuesday.
IAC’s businesses include travel Web sites Expedia and Hotels.com, Ticketmaster, CitySearch, Hotwire, Lending Tree and Home Shopping Network. The company has over 25,000 employees and 116 locations in 31 states and 20 countries. Operations in Manhattan are spread around the city.
Diller said the building will have public space and a restaurant on the ground floor “that will reflect and utilize all of the IAC brands and be as interactive as we and Frank Gehry can conjure.”
IAC is developing the building in partnership with the Georgetown Company, a private real estate firm in Manhattan.