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August 17, 2006
The Big Apple's Most Active Thoroughfare
The NY Sun
By Michael Stoler
An article on recent development in the Times Square district has this interesting update on the Times Tower, a joint venture between The NY Times Corp. and Forest City Ratner:
Meanwhile, in June the new headquarters of the New York Times was declared "topped out," with the installation of the final steel beam.The 52-story tower sits on the east side of Eighth Avenue between 40th and 41st streets, across from the Port Authority Bus Terminal. The site represents the westward expansion of Midtown and the most significant construction along Eighth Avenue since the construction of One Worldwide Plaza in 1989.
The tower, which will be the third tallest skyscraper in New York City, is a joint venture of the New York Times Company, Forest City Ratner Companies, and ING Real Estate.The building will have 1.54 million square feet of gross space.
The New York Times Company will occupy about 800,000 square feet on the second through the 28th floors, with Forest City Ratner and ING Real Estate owning about 700,000 square feet on floors 29 through 52, as well as 24,000 square feet of street-level retail space. In June, Forest City announced it had entered into an agreement to acquire ING Real Estate's interest in the tower.
Posted by lumi at August 17, 2006 7:09 AM