Major tenants includeWegmans, with an 82,000-square-foot (7,600 m2) ground floor retail store that opened in 2023,[2][3]Meta Platforms, which occupies 800,000 square feet (74,000 m2)[4] and has sole roof access,[5] andYahoo!, which occupies the fourth, fifth, sixth and ninth floors.[6]
The building has one of the largest property tax bills in commercial real estate: $19.6 million in 2022.[7]
770 Broadway was built between 1903 and 1907 and was designed byDaniel Burnham as an annex to the originalWanamaker's department store in New York, which was across 9th Street to the north.[8] The two buildings were connected by a sky bridge, dubbed the "Bridge of Progress", as well as a tunnel under 9th Street. The building originally included a central court and an auditorium with a pipe organ that hosted top musicians and orchestras, and was also an early television studio.[9]
In 1954, Wanamaker's closed as department stores expanded to the suburbs and major retail migrated toward Midtown. The northern lot was sold in 1955. In 1956, a fire gutted the originalWanamaker's department store building while it was under demolition, injuring 77 people.[10] The annex at 770 Broadway survived and was leased up; in 1958, the ground floor was leased to theUnited States Army,[11] in 1959, Manhattan Savings Bank leased space for a branch in the building.[12]
In November 1996,Kmart opened a store in the ground floor retail space.[13] Two years later in July 1998,Vornado Realty Trust acquired the building for $149 million.[14] In 2000, the building was renovated to a design byHugh Hardy.
In 2007,AOL moved its headquarters to 152,000 square feet (14,100 m2) in the building.[15] Vornado obtained a $700 million loan for the building in 2016.[16]Facebook Inc. (later Meta) gradually leased space in the building, occupying most of the structure, or about 813,000 square feet (75,500 m2), by the early 2020s.[17][18]
In July 2021, theKmart store was closed and the space was leased toWegmans,[19] which opened a store there in October 2023.[2][3] The building was refinanced again in 2022 with a $700 million loan.[20][21] After Meta downsized its space in the building,[22][23] Vornado agreed in 2024 to lease 1.1 million square feet (100,000 m2) of office space toNew York University.[24][25]
^"East 9th Street Then and Now".Greenwich Village Society for Historic Preservation. December 7, 2011.Archived from the original on June 1, 2023. RetrievedOctober 20, 2023.
Media related toWanamaker Annex at Wikimedia Commons