All Posts Tagged With: "Ruben Cos."

20 Times Square: Green Tower at Bus Terminal Close to Securing Anchor Tenant

20 Times Square, the planned 42-story LEED (for Core and Shell) Gold tower that Vornado and Ruben will co-develop above the north wing of the Port Authority Bus Terminal on 8th Avenue, is close to securing an anchor tenant. Law firm Paul Weiss is in preliminary negotiations with Vornado for 500,000 square feet of space across the building’s middle floors- over a third of the building’s 1.3 million square feet- at what’s rumored to be $95 per square foot. The potential deal is obviously significant in terms of moving the speculative 20 Times Square project forward, but also highlights SJP Properties’ inability to similarly secure an anchor tenant for its speculative 11 Times Square project across the street.

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8May2008 | Stephen Del Percio | 0 comments | Continued