Cantor Fitzgerald, which lost 658 employees and its 250,000 square foot headquarters in the World Trade Center atrocities, is moving to new but still temporary office space on 57th Street and Lexington Avenue in Manhattan, Cantor Fitzgerald and eSpeed Chairman and CEO Howard Lutnick announced today. The company is still exploring options in the metropolitan area for the companies’ permanent location.
The present move, which will take place in the late spring, will reunite 352 employees from temporary locations on Park Avenue in Manhattan and in Rochelle Park and Weehawken in New Jersey. These workers had previously worked at Cantor and eSpeed’s World Trade Center offices. Cantor Fitzgerald and eSpeed will stay in the temporary space for two years, while the companies determine their space needs for the future.
“It’s very important to us to be able to bring our Cantor Fitzgerald and eSpeed employees back together,” said Mr. Lutnick, Chairman and CEO of both Cantor Fitzgerald and its publicly traded subsidiary, eSpeed. “This team has done an extraordinary job of rebuilding these two companies and it will be wonderful to have such an amazing team of heroes together again.”
Since September 11, 110 workers have been housed in space on Park Avenue in midtown Manhattan lent to Cantor by UBS Warburg. Another 242 employees are in the two New Jersey sites. In the metropolitan area, Cantor Fitzgerald also has offices in Darien, Connecticut and a newly opened office in Shrewsbury, New Jersey.