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Eleven Times Square

11 Times Square
Seen from the corner of W. 41st Street and Eighth Avenue
Map
General information
StatusCompleted
TypeCommercial
LocationSoutheast corner of Eighth Avenue and W. 42nd Street,
New York, NY 10036
Address640 8th Ave, New York, NY 10036
Coordinates40°45′24″N 73°59′23″W / 40.756596°N 73.989672°W / 40.756596; -73.989672
Construction started2006
Completed2010
Opening2011
Cost$950 million[3]
Height
Antenna spire601 ft (183 m) (architectural)
Top floor530 ft (160 m)[1]
Technical details
Floor count40
Floor area973,187 sq ft (90,412.0 m2)
Lifts/elevators20[2]
Design and construction
Architect(s)Dan Kaplan (FXFOWLE)[4]
DeveloperSJP Properties
Structural engineerThornton Tomasetti
Cosentini Associates
Main contractorPlaza Construction

Eleven Times Square is an office and retail tower located at 640 Eighth Avenue, at the intersection with West 42nd Street, in the Times Square and West Midtown neighborhoods of Manhattan, New York City. The 40-story, 1,100,000-square-foot (102,193 m2) tower rises 601 feet (183 m), making it the 131st tallest building in New York City. The structure is directly east of the Port Authority Bus Terminal and immediately north of The New York Times Building.

Completed in 2011, Eleven Times Square was developed by New York City-based SJP Properties in partnership with Prudential Real Estate Investors,[5] and was designed by architect Dan Kaplan of FXFOWLE.

Architecture

11 Times Square has been certified by the Leadership in Energy and Environmental Design as an environmentally friendly building.[2] It features co a high-tech elevator dispatch system; an advanced visitor check-in system; a secured, fully efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building also provides LEED Platinum-level indoor air quality and features highly efficient office space with floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.[citation needed] 11 Times Square's lobby features a kinetic mobile installation designed by artist Tim Prentice.[6]

The Port Authority Bus Terminal is directly across Eighth Avenue to the west. In addition, it has direct access to the New York City Subway, with an entrance to the Times Square–42nd Street and 42nd Street–Port Authority Bus Terminal stations (1, ​2, ​3​, 7, <7>​​, ​A​, ​C​, ​E​, N, ​Q, ​R, ​W​, and S trains) inside the lot line.[7]

History

Entrance of the building

The project's developers began constructing the building in 2007 on spec without a single lease signed. Global law firm Proskauer Rose was the first to sign on at the project, taking roughly a third of the building's space in 2010. By the time the building opened in 2011, it was still only 40% leased.[3]

In February 2015, Norges Bank Investment Management purchased a 45-percent stake in Eleven Times Square.[8] SJP Properties and Prudential Real Estate Investors continue to own and control the building, and SJP Properties continues to manage, lease and operate the building.[9]

Tenants

Tenants include Microsoft Corp.,[10] law firm Proskauer Rose,[11] hedge fund Moore Capital Management,[12] British Telecom,[13] E*TRADE,[14] Kepos Capital and eMarketer. Before opening, the National Basketball Association, law firm Morrison & Foerster, and Buffalo Wild Wings had considered leasing space in the building but ultimately declined.[3]

The tower has 55,000 square feet (5,110 m2) of retail space.[15] In 2017, the retail space was leased to Spanish company Parques Reunidos,[16][17] which planned to open a Lionsgate Entertainment Palace before withdrawing in June 2019.[18][19] Monopoly Lifesized rented the retail space in 2024.[20][21]

References

  1. ^ "Eleven Times Square". SkyscraperPage. Retrieved August 7, 2015.
  2. ^ a b "Eleven Times Square". The Skyscraper Center. Retrieved August 7, 2015.
  3. ^ a b c Brown, Eliot; Kusisto, Laura (February 8, 2012). "It's Hardly a Ball for 11 Times Square". Wall Street Journal.
  4. ^ Jacob Slevin (May 25, 2011). "Times Square's Newest Skyscraper: An Interview with Dan Kaplan of FXFOWLE". Huffington Post. Retrieved August 7, 2015.
  5. ^ Tom Acitelli (October 22, 2008). "11 Times Square's Concrete Core All Set". Observer.
  6. ^ Pete Davies (March 12, 2010). "11 Times Square Flaunts Phantom Tenants". New York Curbed. Retrieved August 14, 2015.
  7. ^ "MTA Neighborhood Maps: Pennsylvania Station / Times Square" (PDF). Metropolitan Transportation Authority. 2018. Retrieved October 1, 2018.
  8. ^ "11 Times Square NYC - Norges Bank NYC - SJP Properties". The Real Deal New York. February 5, 2015.
  9. ^ "11 Times Square - SJP Properties". The Real Deal New York. July 15, 2014.
  10. ^ David M Levitt (January 7, 2013). "Microsoft Leases Manhattan Offices in 11 Times Square". Bloomberg.com.
  11. ^ Bagli, Charles V. (May 7, 2010). "Lease Deal Near for Empty Times Square Tower". The New York Times.
  12. ^ "Hedge fund closing in on penthouse at 11 Times Square". The Real Deal. November 6, 2013. Retrieved August 14, 2015.
  13. ^ "SJP Properties - 11 Times Square - Answers.com". The Real Deal New York. July 15, 2014.
  14. ^ Steven Pozycki (January 11, 2017). "ETrade takes 31K sf at SJP's 11 Times Square". The Real Deal.
  15. ^ Barbara Murray (January 25, 2011). "11 Times Square's 400,000-SF Anchor Tenant Moves In". cpexecutive.com. Retrieved August 6, 2015.
  16. ^ Baird-Remba, Rebecca (September 25, 2017). "'Twilight'-Themed Attraction Headed for Times Square". Commercial Observer. Retrieved September 23, 2022.
  17. ^ "Blockbuster deal to bring Lionsgate Entertainment City to 11 Times Square retail". Real Estate Weekly. October 3, 2017. Retrieved September 23, 2022.
  18. ^ Squires, Bethy (July 6, 2019). "Looks Like That Mad Men Bar in Times Square Isn't Happening". Vulture. Retrieved September 23, 2022.
  19. ^ Hayes, Dade (July 3, 2019). "Lionsgate Pauses Times Square Attraction Plans After Spanish Partner Withdraws". Deadline. Retrieved September 23, 2022.
  20. ^ Durso, Isabelle (October 7, 2024). "Monopoly Experience Takes 50K-SF Entertainment Space in Times Square". Commercial Observer. Retrieved October 7, 2024.
  21. ^ Weiss, Lois (October 4, 2024). "Monopoly experience leases 50K sf at SJP's 11 Times Square". The Real Deal. Retrieved October 7, 2024.
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