UMG Moving To New NYC HQ
As part of a 22-year lease, UMG will occupy the entire fourth through seventh floors of PENN 2, as well as a ground-floor space along Seventh Avenue for a future premium retail experience and a private lobby on 33rd Street, which will feature a visitor center and direct elevator access to its floors. UMG will also have the ability to showcase its artists on large scale LED signage within The Penn District.
Boyd Muir, UMG’s Chief Operating Officer said, “UMG’s relocation of its New York offices to the new PENN 2 Tower reflects our vision and ambition. Located in the heart of Midtown Manhattan and literally adjacent to Madison Square Garden, one of music’s most storied venues where so many of our artists perform to a packed house, PENN 2 will serve as an ideal nexus for our employees, artists and songwriters. Beyond office space, PENN 2 will house music studios and retail spaces, featuring a range of artist merchandise and exclusive products. We look forward to working with the team at Vornado as we work towards a 2027 move-in date.” [Photo: Vornado Realty Trust]