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Chase Manhattan opened a temporary office within the tower while the plaza and basements were under construction. [91] The official opening was held on May 28, 1961; the southern block had not been cleared at the time of the tower's opening, and the only progress on that block was a group of nine trees that had been planted on Nassau Street. [ 92 ]
1540 Broadway, formerly the Bertelsmann Building, is a 44-story office building on Times Square in the Theater District neighborhood of Manhattan in New York City.Designed by David Childs of Skidmore, Owings & Merrill (SOM), the building was developed by Broadway State Partners, a joint venture between Bruce Eichner and VMS Development. 1540 Broadway occupies a site bounded by Broadway to the ...
During the mid-1990s, the office space was leased at a very low price. The Blackstone Group acquired the complex in 1996 and sold it to Equity Office Properties in 1998. When Blackstone took over Equity Office in 2007, it sold the office building to Harry Macklowe, who lost the building to foreclosure. George Comfort and Sons took over One ...
A recent report by real estate firm Colliers shows that nearly 2,000,000 square feet of office space in Manhattan was leased in May 2024. The pickup in activity is a 70% increase over last year ...
The Port Authority, Silverstein Properties, and the Lower Manhattan Development Corporation (LMDC) have overseen the reconstruction of the site as part of the new World Trade Center, following a master plan by Studio Daniel Libeskind. [3] Developer Larry Silverstein holds the lease to retail and office space in four of the site's buildings. [4]
At the time, it was the first speculative office development to be built in Midtown Manhattan in fifteen years, [128] and its construction prompted the development of other office buildings in the area. [129] 4 Times Square and its three neighboring developments would collectively add almost 4 × 10 ^ 6 sq ft (370,000 m 2) of office space. [130]
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