Times Square's Candler Building to be restored.Redevelopment of the Candler Building The Candler Building was the tallest building in Atlanta, Georgia when it was completed in 1906. Built by Coca-Cola magnate Asa Griggs Candler on a prominent corner in Atlanta. , the centerpiece of the new 42nd Street, is underway, with its base floors slated to become a lively entertainment-retail complex. Discussions with several top name entertainment and retail companies - anxious to create a presence in Times square - are underway, it was announced by GVA GVA general visceral afferent system of nerves. Williams Real Estate. Space in the building's upper floors is being redeveloped for office users, primarily in the entertainment, media and creative industries. The building, located between Disney's New Amsterdam Theatre The New Amsterdam Theatre is a Broadway theatre located at 214 West 42nd Street in the heart of Times Square in New York City. It was built in 1903 by the partnership of impresarios A.L. Erlanger and Marcus Klaw and designed in the Art Nouveau style by architects Herts and Tallant. and the site on which Madame Tussaud's is now under construction on 42nd Street, is undergoing a $40 million renovation. Space in the building will be available in time for New Year's Eve 1999, when record crowds are expected to flock to Times square to welcome the new millennium. Cornerstone Real Estate Advisers, a division of Massachusetts Mutual Life Insurance, has retained Williams Property Advisors - the asset services group of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City-based GVA Williams Real Estate Co. - to oversee the redevelopment project and to serve as the exclusive reusing and managing agent for the property. Massachusetts Mutual owns the property. Paul Bacon Paul Bacon (born 1 November 1907 in Paris, died on 6 December 1999) was a French politician. During World War 2, Bacon was active in the French Resistance. He was a member of Georges Bidault's National Liberation Movement, and distributed a manifesto about trade unionism in , vice president of cornerstone, said "The Candler Building is the grand-daddy of 42nd Street. This redevelopment project will offer entertainment and retail companies that want to be a part of the celebration of the century one last chance to create a presence in Times square before the new millennium." Stephen Schofel, executive managing director of GVA Williams, said "Times square has become the most desired retail center in the city. No other site on 42nd Street will be able to accommodate retailers that want to be in their space in time for the Year 2000 celebrations. The Candler Building will offer major entertainment companies the world's number one entertainment venue." The 24-story, 230,000 square-foot building is ideally suited for retailers in the entertainment industries. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Schofel, "Disney, Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) ., Virgin, Madame Tussauds, MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. and so many other entertainment companies have already flocked to Times square. The Candler Building, which is right in the middle of the hottest block in New York, will be a perfect home for another tenant of this type. In fact, discussions are now underway with several companies that want to establish a presence in Times square." In addition to the retail/entertainment space on the lower floors, the building's upper floors are being made available for use as office space. With floors ranging in size from 5,000 to 12,000 square feet, the building is ideal for firms in the entertainment and creative industries. Renovations to the building will include restoration of the terra-cotta facade, installation of new elevators and windows, and new lobby and new building systems. |
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