Facebook has signed a lease for 730,000 sq ft of new office space in New York

Facebook has signed a lease for 730,000 square feet of space in midtown Manhattan at the Farley Building, the cornerstone of Vornado Realty Trust’s $2 billion redevelopment plan for the run-down neighborhood adjacent to New York’s Penn Station. The tech giant will occupy all of the available office space in the Beaux Arts building, a former post office built in 1912 that takes up two full blocks across from the train station and Madison Square Garden, and will include restaurants and retail stores as part of its revamping. The building’s floorplates “offer a horizontal campus unique to Manhattan and similar to tech offices in Silicon Valley,” Vornado stated in a press release about the leasing agreement.