Fox, News Corp Scrap Plans to Move HQs to World Trade Center Building

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Courtesy of 21st century fox

Rupert Murdoch’s 21st Century Fox and News Corp will stay put in their current New York City headquarters for the foreseeable future, with the corporate cousins announcing they have decided canceled plans to move to the 2 World Trade Center.

In a joint statement, the companies said: “After much careful consideration we have decided to maintain our New York headquarters and other business operations at 1211 and 1185 Avenue of the Americas.”

The companies, which split apart in 2013, have lease-extension options for their midtown Manhattan digs through 2025. Fox and News Corp last summer signed a tentative deal to occupy 1.3 million square feet in 2 World Trade Center.

Silverstein Properties is the owner of the 2, 3, 4 and 7 World Trade Center office towers. Chairman Larry Silverstein said he was “disappointed” by the decision in a statement to the New York Post, but added: “I am immensely grateful to the Murdochs and their team, as well as to the Bjarke Ingels Group and our partners at the Port Authority for their inspired work over the past year.”

The news was first reported by the NY Post. Sources told the paper that Callahan Capital Properties — owner of 1211 Avenue of the Americas — had extended a “compelling” offer to Fox and News Corp for their existing office space including making building improvements.

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