The exodus of Wall Street firms, from Wall Street, continues.
This time, it's BNY Mellon
, which is looking for buyers for its Art Deco headquarters building at One Wall, reports Bloomberg
The newswire reports that BNY has roughly 1,700 staffers at the 52-story tower, which has about a million square feet of space. Citing sources familiar with the plans, some BNY employers will be moved to the nearby 25-story 101 Barclay tower, also owned by BNY. These sources say that the the firm is looking for new space in lower Manhattan or Jersey City -- roughly 400,000 square feet worth.
A number of firms virtually synonymous with Wall Street in the past are evacuating the area, according to Bloomberg
. For example the newswire notes that JP Morgan
has agreed to sell One Chase Manhattan Plaza, while Citigroup
is looking to consolidate its New York operations in Tribeca.
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