Eleven Times Square
640 8th Avenue | also 11 Times Square | Times Square | built 2007
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Written with AI from the source each entry cites, then fact-checked.
- 2007
SJP Properties breaks ground on 11 Times Square as the city's largest speculative building
SJP Properties, led by Steven Pozycki, started work on the tower at 640 Eighth Avenue in 2007 on the eve of the economic downturn. With no tenants signed, it was the largest speculative building in the city at that time. The 40-story project, developed with a fund managed by Prudential Real Estate Investors, would open in early 2011.
Source: therealdeal.com
- 2008
The 600-foot concrete core is topped out ahead of schedule
SJP Properties announced on October 21, 2008, that the 600-foot concrete core of 11 Times Square was complete. Work on the core began in November 2007, and it was finished on October 1. Eleven Times Square was the first New York building whose concrete core was completed before its steel frame, and about 7,000 tons of structural steel were already rising beside it.
Source: observer.com
- 2008
Proskauer's first choice for a new home collapses in the 2008 crash, sending it back toward 11 Times Square
Before it signed at 11 Times Square, the law firm Proskauer Rose had negotiated a whole lease for a Boston Properties development at 250 West 55th Street. Real estate co-chairman Ronald Sernau said that deal ended when the October 2008 crash arrived, and the firm resigned itself to staying at 1585 Broadway. Talks with 11 Times Square resumed in the middle of 2009, reached the point of a lease around December 2009, and the lease was signed in May 2010.
Source: commercialobserver.com
- 2010
Proskauer Rose becomes the first major tenant, taking about a third of the tower
The tower had no signed lease when construction began. The law firm Proskauer Rose committed in 2010 to roughly a third of the building, becoming its first major tenant. When the building opened in 2011, only about 40 percent of it was leased.
“Global law firm Proskauer Rose was the first to sign on at the project, taking roughly a third of the building's space in 2010.”
Source: Wikipedia
- 2010
While the new tower sits vacant, its developer talks to companies proposing an aquarium of sharks, rays and penguins
With the glass tower still empty, a New York Times report, quoted by the legal blog Above the Law, said the developer was also in talks with several companies that wanted to open an aquarium stocked with sharks, rays and penguins. The same report described the 1.1-million-square-foot building on the southeast corner where 42nd Street meets Eighth Avenue, close to being finished, as a vacant 40-story tower awaiting a law firm's lease.
Source: abovethelaw.com
- 2011
FXFOWLE gives the tower a ribboned base and a flaring, crystal-topped shaft
Designed by FXFOWLE (now FXCollaborative), the 601-foot tower has a six-story ribboned base holding retail, capped by LED displays and a globe. Above it, the main volume slopes outward and ends in a crystalline cornice, reversing the usual Manhattan setback so the owner gets more leasable space at higher, more valuable floors. The concrete core leaves the office corners free of columns.
Source: fxcollaborative.com
- 2011
Proskauer Rose cuts the ribbon on its 14-floor headquarters and plans a backlit sign at the top of the tower
Proskauer Rose celebrated its move into Eleven Times Square with a ribbon-cutting by incoming chairman Joseph Leccese, current chairman Allen Fagin and the mayor. The firm occupies 14 floors as the roughly 400,000-square-foot anchor tenant. A backlit sign, 50 feet long and 20 feet high, is to make it the first law firm to show its name at the top of its own headquarters. It also donated the furniture and equipment from its old 1585 Broadway offices to the fire department.
Source: bisnow.com
- 2011
The tower earns LEED Gold certification and collects 685,000 gallons of rainwater a year
In January 2011, about two weeks before a trade report on the law firm's move, the US Green Building Council approved Eleven Times Square for LEED Gold certification. Its air-filtration system cleans the air to 30 percent above the ASHRAE standard (American Society of Heating, Refrigerating and Air-Conditioning Engineers), while the glass curtain wall limits heat gain. A rainwater collection system gathers 685,000 gallons annually.
Source: bisnow.com
- 2013
Microsoft signs a long-term lease at 11 Times Square
SJP Properties announced that Microsoft had signed a long-term lease at the 1.1-million-square-foot tower. Jones Lang LaSalle is the exclusive leasing agent, and SJP's chief executive Steven J. Pozycki pointed to the building's position in one of Manhattan's top transportation centers. The release noted that the tower sits across from the Port Authority bus terminal and is a single subway stop away from Penn Station and from Grand Central.
Source: sjpproperties.com
- 2013
eMarketer signs for floors 12 and 14, moving its headquarters up from Lower Manhattan
SJP Properties announced that eMarketer, a provider of information on digital marketing, media and commerce, had signed a 53,000-square-foot headquarters lease at 11 Times Square. The firm, relocating from Lower Manhattan, took all of floors 12 and 14. Its chief executive, Terry Chabrowe, said a world-class work facility was fundamental to the company's culture and that the new headquarters would help it keep expanding its team.
Source: sjpproperties.com
- 2015
Norway's central-bank investor contracts to buy a stake in the tower
In February 2015 Norges Bank Investment Management, the investment arm of Norway's central bank, went into contract to buy a minority stake in 11 Times Square. The owners, SJP Properties and a Prudential fund, had been offering up to 49 percent. By then the building was more than 85 percent occupied, anchored by Proskauer's 400,000 square feet and over 200,000 square feet for Microsoft.
Source: therealdeal.com
- 2019
Lionsgate shelves its Hunger Games and Mad Men attraction after its partner pulls out
In fall 2017 Lionsgate announced an entertainment center for the tower's retail space at 42nd Street and Eighth Avenue, meant to showcase The Hunger Games, Mad Men and the John Wick films. In July 2019 the studio paused the project after its Spanish partner, Parques Reunidos, withdrew. The company had also planned a companion attraction in Madrid.
Source: deadline.com
- 2024
Path Entertainment, the company behind Monopoly Lifesized, takes the long-vacant 50,000-square-foot retail space
In October 2024 the British firm PATH Entertainment Group, creator of Monopoly Lifesized, was reported to be leasing the tower's triplex retail space of 49,982 square feet. SJP had been asking about $8 million a year for it. A 2018 deal with Lionsgate and Parques Reunidos for the same space never opened.
Source: therealdeal.com
Further reading
- Eleven Times SquareWikipedia
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