Thursday, April 10, 2008

Steel Rises at 11 Times Square: Largest Speculative Development in Midtown Manhattan is Ahead of Schedule

SJP Properties today announced the beginning of the steel erection at 11 Times Square, the 1.1 million square foot commercial and retail tower that is the largest speculative development under construction in Midtown Manhattan. Approximately 7,000 tons of superstructure structural steel will be utilized in the construction of the 40-story tower rising on the corner of 42nd Street and Eighth Avenue.

'The introduction of structural steel on site and the completion of the foundation are significant milestones for 11 Times Square,' said SJP Properties Chief Financial Officer David Welch. 'The arrival and implementation of the steel phase will allow interior core and floor framing for the structure to take shape. We remain ahead of schedule and will deliver the building for tenant occupancy by late 2009. Although we are still early in the construction process, there has already been tremendous tenant interest because the tower will be one of the most environmentally friendly buildings ever built in New York City and will offer the state-of-the-art, new generation space with highly efficient floors that is in such short supply in midtown.'

The location could not be more ideal for transportation. 11 Times Square will provide tenants with immediate access to 12 subway lines, with Grand Central Terminal and Pennsylvania Station just one subway stop away.

The development includes 53,000 square feet of retail on three levels and offers 14,000 square feet of commercial signage opportunities, including at the top of the building.

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2 comments:

  1. AnonymousApril 10, 2008 at 8:09 AM

    It's about time. I worked at the Port autority back in 1980 and they were talking about this address and putting up a 35 story building on top of the bus terminal because back then the Port was going to sell the twin towers to a german company. The plan was to move the port officers to a top of the terminal.
    I like the fact that they finally buidling on the site.
    Work safe and go home to your family at the end of the day.

    ReplyDelete
  2. Omar SkylerFebruary 16, 2013 at 4:02 AM

    I agree, its about time to build something on that site especially with 303 stainless bars. That structure will soon be the symbol of new hope for the top environmentally friendly building around the area.

    ReplyDelete

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