New York Times Building

NEW YORK CITY-The New York Times Building received its final beam today, completing the steel frame of the 52-story, 1.6-million-sf tower under construction at the junction of Eight Avenue and 41st Street. The beam was signed by the construction workers who took part in the building, as well as executives from co-owners Forest City Ratner Cos. and the New York Times.

FCRC owns 700,000 sf of the building, which includes floors 28 though 52 as well as 21,000 sf of ground-floor retail space. The Times owns and occupies the rest of the building, which will serve as its corporate headquarters.

“So far we are about 50% leased right now, with a lot of interest,” MaryAnne Gilmartin, executive VP of commercial and residential development for FCRC, tells She adds that the pricing at the top of the building is in the $95-per-sf range. Key tenants already onboard are law firms Covington & Burling (160,000 sf); Seyfarth Shaw (100,000); and Osler, Hoskins & Hardcourt (64,000 sf).