Jamestown

Billboard Removal and Transformation of One Times Square Progresses in Midtown, Manhattan

Renovation work is moving along on One Times Square, a 26-story tower at 1475 Broadway in Times Square and one of the most photographed buildings in all of New York City thanks to its position on the southern end of the Crossroads of The World, and due to its use for the annual New Years Eve ball drop. Designed by S9 Architecture and developed by Jamestown with SLCE Architects as the architect of record, the project will bring a $500 million 21st-century facelift to the 395-foot-tall trapezoidal-shaped structure, incorporating an all-new façade, new LED displays, and an outdoor platform. AECOM Tishman is the general contractor for the project, which is bound by West 42nd Street to the south, Seventh Avenue to the west, West 43rd Street to the north, and the pedestrianized section of Broadway.

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Google’s 2-Acre Rooftop Park Opens to the Public at Pier 57 in Chelsea, Manhattan

New York City’s largest rooftop park opened to the public last week atop Pier 57 in Chelsea. Designed by Handel Architects and developed by RXR RealtyYoungWoo & Associates, Hudson River Park Trust, and The Baupost Group, the 2-acre space is part of a $410 million renovation to the 70-year-old structure in Hudson River Park and now features 350,000 square feet of office space with Google as the anchor tenant. The building will also feature 50,000 square feet of public-oriented amenities on the ground floor developed by Jamestown that include a food hall curated by the James Beard Foundation, community space with flexible layouts available for booking by local organizations, a public gathering place called the Living Room, and an outdoor screening space for the annual Tribeca Film Festival. Pier 57 formerly served as a shipping port and bus depot and is located at the intersection of West Street and West 15th Street.


One Times Square’s 300-Foot-Long LED Screen Nearly Completed, in Times Square

One Times Square, aka the Times Tower, is one of the most photographed buildings in the world. Millions of tourists from across the country and around the world constantly take photos of Times Square, formerly called Longacre Square, and the flashing digital advertisements that run nonstop year round. Even more view it during the annual ball drop and lighting of the four numbers at the start of every year since 1904. The culturally iconic and economically famous 25-story skyscraper stands 363 feet tall and is in the midst of getting a 21st century makeover. Six giant screens that once lit the slender northern wall have been taken down and will be consolidated into one 350-foot-tall LED panel. Jamestown is the owner of the property. One Times Square can be touted as the most expensive and lucrative place on the planet to advertise.

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Chelsea Market

Jamestown Converting Basement of Chelsea Market Into Retail Corridor, Chelsea

Jamestown is planning to convert the basement level of Chelsea Market – a 1.2-million-square-foot, multi-use commercial complex located on the block bound by Ninth and Tenth avenues and West 15th and 16th streets, at 75 Ninth Avenue in southern Chelsea – into retail space. The conversion of the basement would double the retail space of the property to 80,000 square feet, according to Crain’s. The basement would be made into a single corridor similar to how the ground floor is currently configured with retailers. The project is expected to take five years. After the retail expansion, and pending an anchor tenant, the owners plan to vertically expand the complex’s office space by roughly 300,000 square feet. The office plans passed the city’s Uniform Land Use Review Procedure (ULURP) in 2012.

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168 39th Street

Industry City Developers Plan Seven-Story, 500,000-Square-Foot Office Conversion at 168 39th Street, Sunset Park

In March, details were revealed of the proposed rezoning of Industry City – a six-million-square-foot industrial-commercial complex – located west of the Gowanus Expressway, in Greenwood and Sunset Park. The developers – Jamestown Properties, Belvedere Capital, and Angelo Gordon – are now moving forward with a piece of the overall redevelopment that is independent of the rezoning. Building 19, at 168 39th Street (a.k.a. 148 39th Street), on the corner of Second Avenue, is going to be converted into 500,000 square feet of office space, according to Commercial Observer. The office space will be located across the first seven floors of the building. The conversion will feature a new lobby, new windows, and upgrades to infrastructure and equipment, like the installation of modern elevators. The Brooklyn Nets recently completed their new 70,000 square-foot training facility, called the Hospital for Special Surgery Training Center, on the eighth floor of the building.


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