Morgan Stanley Building
| The Morgan Stanley Building | |
|---|---|
| 1585 Broadway | |
 |
|
| General information | |
| Location | 1585 Broadway, between 47th and 48th Streets |
| Coordinates | 40°45′37.39″N 73°59′8.44″W / 40.7603861°N 73.9856778°WCoordinates: 40°45′37.39″N 73°59′8.44″W / 40.7603861°N 73.9856778°W |
| Current tenants | Morgan Stanley |
| Construction started | 1989 |
| Completed | 1990 |
| Height | |
| Roof | 685 ft (209 m) |
| Technical details | |
| Floor count | 42 |
| Floor area | 1.3 million square feet (121,000 m2)[1][2] |
| Design and construction | |
| Owner | Morgan Stanley |
| Main contractor | Starrett Brothers and Eken |
| Architect | Emery Roth & Sons, Gwathmey, Siegel & Associates |
| Structural engineer | WSP Cantor Seinuk |
| References | |
| [3] | |
1585 Broadway is the headquarters of Morgan Stanley, on the west side of Broadway, north of Duffy Square in Midtown Manhattan.
Contents |
[edit] History
Even before 1585 Broadway began to rise over Duffy Square, its developer, David S. Solomon, had signed law firm Proskauer Rose to a 20-year lease for 365,000 square feet (33,900 square meters). A notable achievement at any time, the deal was a milestone in a market where a growing number of new buildings were competing heavily for a shrinking number of tenants.
In December 1991, the original developer, 1585 Broadway Associates, controlled by Solomon, filed for bankruptcy, leaving unfinished building construction, stalled leasing, and strained tenant relationships.
A consortium of banks then gained control of the asset through the bankruptcy process and hired Hines Interests Limited Partnership to manage the property.
Morgan Stanley bought the building for $176 million in August 1993 and moved in two years later.[4] Currently, it uses the building as its world headquarters.[5]
The building is featured in the movie Down to Earth as the skyscraper from which a failing businessman jumps to his death.
[edit] See also
[edit] Awards
[edit] References
- ^ Dunlap, David W. (1992-01-19). "1585 Broadway; Tracing the Path From Leasing Coup to Bankruptcy". New York Times. http://www.nytimes.com/1992/01/19/realestate/commercial-property-1585-broadway-tracing-path-leasing-coup-bankruptcy.html. Retrieved 2009-09-04.
- ^ Morgan Stanley World Headquarters - SkyscraperPage.com
- ^ Morgan Stanley Building at Emporis
- ^ Mcdowell, Edwin (2000-08-23). "Commercial Real Estate; Law Firm Is No Longer Lonely in Refurbished Tower on Times Square". The New York Times. http://query.nytimes.com/gst/fullpage.html?res=9E02E3DC1631F930A1575BC0A9669C8B63. Retrieved 2007-12-25.
- ^ "Morgan Stanley in United States". Morgan Stanley Website. http://www.morganstanley.com/about/offices/usa.html. Retrieved 2007-12-19.
[edit] External links
Media related to Morgan Stanley Building at Wikimedia Commons
