Internet Companies Take Larger Quarters in Silicon Alley

NEW YORK CITY-Bluewave USA has moved its offices from the New York Information Technology Center at 55 Broad St. here to 110 Wall St. where it has increased its space from 2,700 sf to 6,000 sf. The company, a provider of Web development services, will house more than 60 employees at its new location. A subsidiary of London-based Bluewave Ltd., it opened its office here two years ago.

At the same time, it was announced that Ericsson CyberLab NY will expand its offices at 55 Broad St. from 5,000 sf to 7,000 sf. The firm is a collaborative laboratory for testing the commercial application of new media and information technology companies that was created by Ericsson, the wireless communications company, in cooperation with the New York City Investment Fund.

Both locations are equipped with fiber-optic cable, high-speed copper wire and other communications technology to accommodate new media companies in the city’s Silicon Alley.Rudin Management, the leasing agent for both buildings, has a portfolio totaling 22 residential properties with over 3,500 units and, when the Reuters Building at 3 Times Square is completed, more than 10 million sf of commercial space in 17 buildings.