More than three months after Superstorm Sandy washed the New York Daily News out of its downtown offices the tabloid has signed a short-term lease to return to Manhattan.
The newspaper has signed a six-month lease — from January to July — for temporary office space at 1290 Sixth Ave. in Midtown. However, Publisher Bill Holiber told Crain's New York Business
that he expects its former space at 4 New York Plaza to be ready in the next two to four months.
"We had a very good meeting with 4 New York Plaza last week, and they're moving along quite nicely on the repairs," Holiber said. "Almost all the utilities were knocked out, and they're doing an amazing job of implementing a temporary solution."
The Daily News was exiled from its offices in October after Sandy flooded the lobby with eight feet of water, cutting power and causing significant infrastructure damage to the building. Since then, staffers have been working from home or from the Daily News' printing plant across the Hudson River in Jersey City.
"Eveybody’s pretty happy about this except for a handful of people who live in New Jersey," Holiber said of the move in an interview with Crain's.
At 4 New York Plaza, the Daily News will share 100,000 square feet with U.S. News & World Report, both of which are owned by Mortimer Zuckerman.
Though the building is open for business, the process of relocating servers and archives to the temporary space could take some time, Crain's said.
The temporary Sixth Avenue space is on the 11th floor of Vornado Realty Trust’s 43-story tower, and is just three blocks from rival paper the New York Post, whose offices are at 1211 Sixth Ave.
Holiber declined to say what the company is paying for space on Sixth Avenue and wouldn’t confirm whether he is still paying rent on 4 Penn Plaza.
"That’s confidential, but what I can say is thankfully everyone had proper insurance, which is business interruption insurance," he told Crain's. "I think this qualifies as business interruption."
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