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Twitter set to fly to new digs on New York's 'Silicon Avenue'

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By The Drum Team, Editorial

March 21, 2011 | 2 min read

Where Facebook goes, Twitter follows, at least in Manhattan it seems. The New York Observer has coined the phrase 'Silicon Avenue' for the little bird's new nesting spot and the phrase might just stick

Facebook first leased 11,000 square feet on the sixth floor of the glass birthday cake-shaped building in 2009 but fled recently for two-floor space just down the street at 335 Madison, where it could expand to as much as 150,000 feet.

The Grand Central area, a hub of finance wonks and high-end insurance law firms, says the Observer ,"is far from the lofty spaces and hip organic sandwich joints techies have long preferred.

" But with the world's two most powerful social media companies potentially just blocks from one another, for better or for worse, it seems only a matter of seconds before the classy office strip is dubbed Silicon Avenue (there, done). "

The deal is said to be a few weeks away. Twitter and its broker, Clayton Kline of Jones Lang LaSalle, have declined to comment.

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