Times Square is one of the best-known of all New York place names. It's the heart of Manhattan's legendary Broadway Theater District, the place where our nation's newspaper of record, the New York Times, is published, and a thrilling environment of pulsing electric signs.
But until recently, Times Square was not an office rentals district. After the neighborhood endured a steep decline, the 1980s rezoning of the West Side of Midtown, together with a variety of government-sponsored efforts to rid the area of unsavory uses, led to an NYC office space boom that has made Times Square into an extremely sought-after New York City corporate address.
The theaters, the lights, and the New York Times are all still there--the Times in a sleek new tower on Eighth Avenue designed by the esteemed architect Renzo Piano. They have been joined by the likes of Condé Nast, the publisher of such magazines as the New Yorker, Vanity Fair, and Vogue; Skadden Arps Slate Meagher & Flom, one of the city's largest law firms; Reuters, the international news agency; Ernst & Young, the giant accounting firm; and Bertelsmann, the global publishing conglomerate.
A block from Times Square, on 42nd Street at Sixth Avenue, is the brand-new Bank of America Tower, the second tallest skyscraper in the city after the Empire State Building.
Perhaps no place in the entire city is as well-served by public transportation as is Times Square. The A, C, and E trains run under Eighth Avenue, while the N, Q, R, W, 1, 2, 3, and 7 trains and the 42nd Street Shuttle all serve the neighborhood. The Sixth Avenue lines are nearby, as is Grand Central Terminal and the Metro North Railroad. A real bonus of leasing commercial real estate in Times Square district is the presence of the Port Authority Bus Terminal, which serves many commuter lines, and which is the largest transportation facility of any kind in America.
Major commercial buildings include 1585 Broadway (1989), at 47th Street, the world headquarters of Morgan Stanley. 745 Seventh Avenue (2001) at 49th Street is now home to Barclays Capital. The distinctive 750 Seventh Avenue (1989) at 49th Street was designed by the distinguished firm of Kevin Roche and John Dinkeloo.
The West Midtown rezoning affected more than just Times Square. The 54-story tower at 787 Seventh Avenue, between 51st and 52nd streets, was built as the Equitable Center and then became AXA Center when the venerable Equitable was acquired by the French insurance giant.
Hotels abound in the district, which is a magnet for tourists. The Theater District is right there, and so is Carnegie Hall. Restaurants of all price ranges abound.
And the lights are as bright as ever.
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