HSBC relocating US HQ to Tishman Speyer's The Spiral

New York, NY According to HSBC Bank USA, N.A., and Tishman Speyer, HSBC will relocate its US headquarters to The Spiral, Tishman Speyer’s 65-story office tower that is rapidly nearing completion at 66 Hudson Blvd. 

One of the world’s largest banking and financial services firms, HSBC will move to 265,000 s/f in the iconic new tower. HSBC will occupy three of The Spiral’s podium floors, which feature virtually column-free space, as well as a dramatic double-height space spanning half of both the 29th and 30th floors. The unique design features a two-tiered outdoor terrace with lush landscaping and sweeping views of the Hudson River from New York Harbor past the George Washington Bridge.

“As we embark on the next chapter of HSBC in the US, we believe it is the right time to relocate our hybrid workforce to a headquarters designed for the future,” said Michael Roberts, HSBC CEO, US and Americas. “This new space demonstrates our commitment to the US and is an investment in strengthening our employee and customer experience while also bringing us closer to our net zero objectives.” 

As part of the 20-year lease, HSBC will open a street-level Wealth Center with a direct connection to a dedicated entrance and lobby located at the corner of West 35th St. and 10th Ave. HSBC expects to relocate from its current Midtown offices in January 2024.

The Spiral, which is targeting a LEED Gold certification, will further HSBC’s sustainability efforts through an expected 60% reduction of the bank’s total energy consumption, a sustainable design experience, recycling and composting, adhering to NYC’s CO2 emissions guidelines, and offering SMART features throughout operations and management systems.

“The Spiral delivers a new level of human-centric design and programming at a moment when companies are making their workforces’ health and wellbeing a priority,” said Tishman Speyer CEO Rob Speyer. “While our future customers at The Spiral represent a wide range of industries, their commitment to the building demonstrates their acute understanding of what their people need to innovate and thrive at work.”

“The design of this property creates a destination with unparalleled appeal to employees,” said Matthew Astrachan with JLL, which represented HSBC in the transaction. “As The Spiral continues to attract leading firms seeking the type of extraordinary space demanded by today’s corporate leaders, we are thrilled to have been able to work with two world-class companies to bring this deal to fruition.”

Designed by BIG-Bjarke Ingels Group, The Spiral rises to 1,031 feet and features a cascading series of landscaped terraces and hanging gardens as its signature element. The terraces ascend one per floor in a spiraling motion to create a unique, continuous green pathway that wraps around the façade of the tower, supplying its occupants with readily accessible fresh air and outdoor space. 

Tishman Speyer has now successfully pre-leased 70% of the 2.8 million s/f office tower, with occupancy anticipated in summer 2022. Pfizer will establish its global headquarters across 14 floors in The Spiral. Law firm Debevoise & Plimpton LLP has committed to 13 floors; AllianceBernstein has pre-leased another three-and-a-half floors; and Turner Construction also intends to create a new global headquarters across two floors. 

Peter Riguardi, Matt Astrachan, Ken Siegel, Mitch Konsker and Will McGarry of JLL represented HSBC on the transaction. Tishman Speyer was represented by its in-house leasing team.