Printer Friendly

2 Times Square tops out.

2 Times Square tops out

Two Times Square, the new $87 million, 25-story mixed-use building in Manhattan's historic Times Square District, has topped out, reports Jeffrey Katz, president of Sherwood Equities, developer of the building.

Occupying the block bordered by Broadway, Seventh Avenue, and 47th and 48th Streets, the project comprises a 315-key, flagship Ramada Renaissance hotel, 30,000 square feet of prime retail space, and five supersigns that will rank as the most visible in the world.

Corporate giants Coca-Cola, Samsung and Suntory have secured three of the five supersign leases.

"This is the world's most photographed and visible location -- the landmark site in the landmark area -- and so interest in our supersign space has been unusually high," said Katz. "The three leases we've signed -- well in advance of the project's year-end completion -- attest to Times Square's truly one-of-a kind nature.

Occupancy for the hotel is slated for December. The retail space will open at that time.

The bi-level retail component of the building -- which will occupy the longstanding site of the famous Castro convertible store -- offers over 500 feet of frontage on two streets (47th and 48th) and two avenues (Broadway and Seventh).

The ground-floor space will enjoy extraordinary 20-foot ceiling heights, with exterior glass of the same height. Above the storefront, the hotel's guest rooms will occupy floors 5 through 25 in the sleek, black-glass, curtain-wall tower. The third floor will feature the hotel's front-desk area and tower-elevator lobby, a full-service, 67-seat dining facility, and a 65-seat skylit lounge overlooking Times Square. The fourth floor includes 2,000 square feet of meeting space, an 800-square-foot health club, and a business center with full services.

The architects for Two Times Square are Mayers & Schiff, design architect, and Costas Kondylis, architect. Construction manager is HRH Construction Corporation.

PHOTO : Two Times Square
COPYRIGHT 1991 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Date:Jul 3, 1991
Previous Article:Senate: tenant gripes must be in writing.
Next Article:Japanese ad agency moves to Madison Ave.

Related Articles
Michael Weissleder and Michael Trolle.
New space in New Jersey appears to be dropping.
NYC still 'bargain' against other world markets.
Tops to open on LI at Westbury Plaza.
NY's rents still amongst world's highest.
Midtown leasing tops a million square feet.
Topping out celebrated at 3 Times Square.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters