UMG to maneuver New York places of work to PENN 2 constructing in Manhattan, with plans for ‘future premium retail expertise devoted to serving music superfans’
Thank you for reading this post, don't forget to subscribe!
Common Music Group is relocating its New York HQ to the Penn District, leasing new workplace house on the PENN 2 constructing alongside Seventh Avenue in Manhattan.
Vornado Realty Belief lately accomplished a $750-million redevelopment of PENN 2.
The constructing will function the headquarters of labels Def Jam Recordings, Island Information, Mercury Information and Republic Information (all a part of the REPUBLIC COLLECTIVE), Bravado, UMG’s merchandise firm, and Verve Label Group (together with Verve, Impulse! and Decca Information US).
The constructing may even function the East Coast workplace for Common Music Publishing Group in addition to a number of UMG company capabilities.
UMG is aiming for a 2027 move-in date.
As a part of a 22-year lease, UMG will occupy your complete fourth by way of seventh flooring of PENN 2.
UMG may even occupy a ground-floor house alongside Seventh Avenue for what it calls “a future premium retail expertise devoted to serving music superfans within the coronary heart of Manhattan”.
UMG may even have entry to a personal foyer on thirty third Road, which is able to function a customer heart and direct elevator entry to its flooring.
As well as, UMG says it is going to be in a position to showcase its artists on large-scale LED signage inside the Penn District.
The brand new headquarters will likely be situated inside The Bustle, described as “a 430-foot-wide expanse of workplace house” stretching from thirty first to thirty third Road on Seventh Avenue.
Described by UMG as a “dramatic centerpiece” of the PENN 2 redevelopment, it consists of 88,000 sq. toes of double-height, 23-foot-high, “column-free workplace house” the place UMG will construct its New York places of work and “state-of-the artwork studio manufacturing amenities complemented by unique entry to greater than 3,500 sq. toes of landscaped out of doors house”.
The brand new manufacturing amenities will bolster UMG’s world community of recording studios that already consists of the long-lasting Abbey Highway Studios in London, Capitol Studios in LA and East Iris Studios in Nashville.
The PENN 2 constructing additionally options 72,000 sq. toes of out of doors inexperienced areas; The Perch, a rooftop glass pavilion and occasion house that opens onto a “lushly landscaped” 17,000-square- foot non-public inexperienced house obtainable to all tenants; and a 280-seat City Corridor suspended above Plaza33.
PENN 2 can be the headquarters location for Madison Sq. Backyard and Main League Soccer.
“UMG’s relocation of its New York places of work to the brand new PENN 2 Tower displays our imaginative and prescient and ambition.”
Boyd Muir, UMG
Boyd Muir, UMG’s Chief Working Officer mentioned: “UMG’s relocation of its New York places of work to the brand new PENN 2 Tower displays our imaginative and prescient and ambition.
“Situated within the coronary heart of Midtown Manhattan and actually adjoining to Madison Sq. Backyard, considered one of music’s most storied venues the place so a lot of our artists carry out to a packed home, PENN 2 will function a super nexus for our staff, artists and songwriters.”
Added Muir: “Past workplace house, PENN 2 will home music studios and retail areas, that includes a variety of artist merchandise and unique merchandise. We stay up for working with the workforce at Vornado as we work in direction of a 2027 move-in date.”
“Common Music’s dedication to PENN 2 is additional proof of the district’s attraction to the world’s most iconic manufacturers in enterprise, way of life and leisure.”
Glen Weiss, Vornado Realty Belief
Glen Weiss, Govt Vice President, Workplace Leasing & Co-Head of Actual Property of Vornado Realty Belief, added: “We’re delighted to welcome Common Music Group to THE PENN DISTRICT, which has firmly established itself because the epicenter of Manhattan’s new West Facet.
“Common Music’s dedication to PENN 2 is additional proof of the district’s attraction to the world’s most iconic manufacturers in enterprise, way of life and leisure.”Music Enterprise Worldwide
