Ahead of its November move-in, Condé Nast is cementing ties with its soon-to-be neighbor at 1 World Trade Center, the National September 11 Memorial & Museum. Today, the publisher announced that it would be sponsoring the museum’s opening day on May 21, offering free admission to all visitors.
“It is a source of great pride for Condé Nast to contribute to the momentous opening of the 9/11 Memorial Museum and the revitalization of lower Manhattan,” Condé Nast CEO Chuck Townsend said in a statement. “Condé Nast is privileged to play a role in the renaissance of an area that has held a distinct place in our nation's history for centuries.”
Back in 2011, Condé signed 25-year a lease—reportedly worth $2 billion—to occupy 25 floors and about 1.2 million square feet of space in the WTC tower. The company, currently headquartered at 4 Times Square, will officially begin moving into its new offices this November and expects the move to continue through February 2015.
Numerous media companies have taken part in an overhead-reducing exodus from the traditional publishing mecca of Midtown to Lower Manhattan in recent years, including American Media, Inc., The Village Voice, The Daily News, and Newsweek owner IBT Media. Even Time Inc., which has occupied the eponymous Time & Life Building in Midtown for more than 75 years, is also rumored to be considering a move downtown as it prepares to spin off from parent company Time Warner.