Fried Frank, the international law firm with one of New York City’s most prominent real estate practices, is considering a move to Manhattan West, the new Hudson Yards development being spearheaded by its current landlord, Brookfield Property Partners.
If the firm does relocate to Manhattan West, it would be the second law firm to commit to the project, Crain’s reported. Late last year, Skadden, Arps, Slate, Meagher & Flom signed a nonbinding agreement to take a large space at Manhattan West.
Fried Frank currently has a 400,000-square-foot lease at Brookfield’s 1 New York Plaza in Lower Manhattan, but while that lease runs until 2024, the firm could possibly terminate its lease early on account of both buildings having a common landlord.
Fried Frank’s real estate division is headed by chairman Jonathan Mechanic. The firm has been involved in some of the city’s biggest deals, including the $ 5.4 billion sale of Peter Cooper Village and Stuyvesant Town in 2006. [Crain’s] — Tess Hofmann