No Land Grab

Arthur Sulzberger, Jr., chairman, The New York Times Company, and publisher, The New York Times, said, "This is a wonderful moment for The New York Times Company and its more than 10,000 employees; for New York City and Times Square; and for the profession and business of quality journalism. Our beautiful new home will enhance the way we work with one another and with our customers. It reflects our values as a Company and our role in the community."

Bruce Ratner, chairman of Forest City Ratner Companies, said: "The New York Times Building is a triumph of distinguished design, good business and solid citizenship. It has already become home to major financial services companies and law firms which have committed to growing and prospering in New York. Forest City is proud to have partnered with The New York Times Company in the creation of this extraordinary building."

Already a recognizable fixture on Manhattan's legendary skyline, the striking 1.5-million-square-foot New York Times Building, which is located between 40th and 41st Streets across from the Port Authority Bus Terminal, features a dramatic double-skin curtain wall of clear glass with a screen of ceramic rods.

Architect Renzo Piano said, "I love the city and I wanted this building to be an expression of that. I wanted a transparent relationship between the street and the building. From the street, you can see through the whole building. Nothing is hidden. And like the city itself, the building will catch the light and change color with the weather. Bluish after a shower, and in the evening on a sunny day, shimmering red. The story of this building is one of lightness and transparency."

Mr. Piano's vision of openness and transparency is wonderfully apparent throughout The New York Times Building. There is an open-air birch-and-moss garden with seven 50-foot-tall paper birch trees, which is surrounded by glass walls. The garden, which creates a calm, serene environment in the middle of one of the densest neighborhoods in the city, forms the heart of the building and the focal point of the colorful, airy lobby.

The garden is visible from the lobby, The Times's newsroom, the glass-walled offices above, and the ground floor retail spaces. It also provides a dramatic backdrop for TheTimesCenter, a new 378-seat auditorium/performance space. The lobby features Moveable Type, a dynamic artwork commissioned by The New York Times Company and Forest City. Moveable Type is a text collage, which consists of 560 small digital-display screens that provide a fluid, ever-changing portrait of The Times by parsing its daily content and its 156-year archive.

Forest City Ratner Companies Joyce Baumgarten 212-686-4551 jbaumgarten@getodemilly.com or The New York Times Company Abbe Serphos 212-556-4425 serphos@nytimes.com