X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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 GlobeSt.com. 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).

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.