AI platform AlphaSense is relocating its global headquarters to Manhattan’s 441 Ninth Ave., also known as Hudson Commons. The property’s owner since late 2021 is CommonWealth Partners, of Los Angeles, according to CommercialEdge data.
The announcement was a bit sparse on details, but an AlphaSense spokesperson told Commercial Property Executive that the 10-year lease is for 50,000 square feet. AlphaSense’s previous/current U.S. headquarters is at 24 Union Square E., where the company occupies 40,000 square feet across three floors.
The spokesperson added that the new office is designed with 300 seats, which represents a 50 percent increase over the Union Square space. “As part of our commitment to Fluid Working, the space will serve around 500 local employees and act as a flexible, collaborative hub for our global team of approximately 2,500,” the spokesperson explained.
A spokesperson for Savills, which represented AlphaSense in the lease transaction, added that the tenant will have the ability to grow into up to 100,000 square feet at Hudson Commons.
TPG Architecture is expected to lead interior design and architecture efforts for the new space.
The 700,000-square-foot Hudson Commons is technically not part of Hudson Yards, but is considered “the gateway to Hudson Yards.” The building features an 8,000-square-foot lounge and conference center, bike room, showers, and on-site executive parking and is both LEED Platinum and Wired Score Platinum certified.
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Hudson Commons has a unique history as an adaptive reuse, because the building integrates an eight-story warehouse that was built in 1962, converted to office in 1983, and renovated in 2019, with a new 17-story overbuild. It was designed by Kohn Pedersen Fox and built by Pavarini McGovern of the Structuretone organization.
Other tenants at Hudson Commons include Peloton and Lyft.
The new headquarters follows other recent wide-ranging moves by AlphaSense, including opening a regional hub in Singapore, expanding its presence in London, and adding a Chicago office with the acquisition of Tegus.
Planning ahead, way ahead
Barely a month ago, accounting powerhouse Deloitte agreed to prelease about 800,000 square feet at the 1.1 million-square-foot 70 Hudson Yards, construction on which has not yet quite started and which won’t deliver until late 2028. The space will be Deloitte’s North American headquarters.
The 60-story building is being developed by Related Cos. and Oxford Properties Group and is being designed by Gensler and Roger Ferris + Partners.
The Manhattan office market’s fundamentals continue to drive the borough’s recovery, and tenant demand for the Hudson Yards submarket seems to be exceptional, according to a first-quarter report from Savills. Hudson Yards is both bottom of the list in availability, at 9.0 percent, and top of the list for rents, at $132.60 per square foot.