Times Square Submarket Office Space

11 Times Square Rolls With the Fishes: Tenant-Deprived LEED Gold Tower To Add Aquarium?

Thu

Feb

It's no secret: gbNYC loves us some 11 Times Square. There is ample proof of this. But while it's easy to cheer for FXFOWLE's LEED Gold office tower, it has been hard to be optimistic for its prospects of late, as the Times Square submarket has teetered and the building has scraped for tenants. The good news for 11 Times Square, as the Wall Street Journal's Anton Troianovski reports today, is that the building has secured a big-ticket tenant, with another signing seemingly in the offing. The weird news is the identity of that first tenant -- Toronto-based developer Jerry Shefsky, who plans to open an aquarium on the building's lower floors. By comparison, the news that law firm Proskauer Rose has some interest in a lease seems kind of boring.

Times Up: Once a Burgeoning Green Neighborhood, the Times Square Submarket is Struggling

Mon

Nov

by David Roth

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As part of gbNYC's rolling transformation from one platform to another -- WordPress to Drupal, for all you curious nerdz -- we've been having to do a lot of re-tagging of old posts. The reasons for this are both complicated and uninteresting, but it's working: our Google rating is back, for one thing, and things are starting to make sense more generally. There has been an unexpectedly poignant side benefit to all this re-tagging, though, as your author (and super-intern Vik Gupta) have worked our way back to 2007-vintage posts about burgeoning new green developments that were supposedly thisclose to becoming the next big green thing. Vornado's LEED-CS Gold building a 20 Times Square is locking up an anchor tenant! Except... no, it's not, and construction has been halted. CBRE is confident that its LEED Gold 11 Times Square tower is going to do fine, even with an anticipated dip in the market! Except... it isn't.