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It's Official! Conde Nast Is Leaving 4 Times Square

Filed under: Business BlitzSpread 'EmVogue

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After a year of speculation, Conde Nast announced they're moving out of 4 Times Square and into One World Trade Center.

The Port Authority of New York and New Jersey have approved the publisher's $2 billion lease, which means they'll be calling downtown home for the next 25 years.

Wowsa.

The 104 story downtown building is scheduled to be completed in 2013, but Conde Nast's 20+ magazine titles won't be moving in until 2014.

When the big move does happen, mag's including Vanity Fair, Vogue, W and GQ will takeover 21 floors or 1 million square feet of real estate.

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More Financial Woes!! Nic Cage SUED AGAIN!!

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This is certainly NOT going to help - he's already in MASSIVE debt!!

Back in 2007, before Nicolas Cage was EFFED financially, he decided to lease two vintage Rolls Royce cars!!

TWO?? You really needed TWO Rolls Royce's??

Well, as we all know, now that Nic can't even afford a Baja Blast from Taco Bell, he returned the cars.

HOWEVER, he signed 60-month leasing contracts with Premier Financial Services, who are not happy about the $$$$ they lost over the actor's breach of contract, and are suing him for almost $250,000!!

Ouch!!

Bet you're wishing you had just been practical and stuck with a Volvo station wagon, right Nic??

[Image via WENN.]

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