 In 1970, the company signed an agreement to move its executive offices to 1095 Avenue of the Americas, a proposed 53-story speculative development near Bryant Park in Midtown Manhattan, which would be larger than the existing West Street offices.Two years later, the New York Telephone offices had moved out of the Barclay–Vesey Building, though the switching offices remained.When NYNEX was formed as a result of the breakup of the original AT&T in 1984, the building became NYNEX's headquarters.