The streaming service is heading to NYC's TriBeCa neighborhood.
Spotify is committing to New York City as its U.S. headquarters, announcing on Wednesday that it will move to 4 World Trade Center in lower Manhattan and bring with it over a "thousand new employees" to the Empire State. Governor Andrew Cuomo said in a press conference that 832 current jobs will also be saved by Spotify's decision to stay in the city, where it is currently based in the Chelsea neighborhood.
The Swedish music streaming service will be leasing 400,000 square feet in the tower, whose tenants have included Hudson River Trading, Zurich, PadillaCRT, Syntactx, Dixon Hughes Goodman LLP and Silver Suites Offices. The decision by Spotify "adds a growing dimension to downtown," said Cuomo. He added, "We are now prepared to compete. They could've gone anywhere... a very hot and cool company. I was on Spotify as a member before any of this by the way."
Spotify's general counsel, Horacio Gutierrez, said the company "did consider a number of options" from other states, but ultimately decided to stay -- and more than double its work force -- in NYC. "We will bring more diversity and a whole lot of music to the area," he said, telling reporters that the jobs will be in fields like engineering, marketing and all other areas of the service. "I hope that Spotify's expansion send a message to the tech community that NYC is open for business."