229 West 43rd Street

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229 West 43rd Street
Old NY Times Building 01.jpg
Upper floors of building (December 2009)
Former namesNew York Times Annex
The New York Times Building
General information
TypeOffice building
Architectural styleNeo-Gothic
French Renaissance (addition)
Location229 West 43rd Street
Manhattan, New York City
Coordinates40°45′27″N 73°59′16″W / 40.757557°N 73.987783°W / 40.757557; -73.987783Coordinates: 40°45′27″N 73°59′16″W / 40.757557°N 73.987783°W / 40.757557; -73.987783
Construction started1912
Completed1913
Renovated1922 (addition)
1931–32 (addition)
OwnerColumbia Property Trust
ManagementColumbia Property Trust
Height
Roof267 ft (81 m)
Technical details
Floor count18
Floor area767,000 square feet (71,300 m2)[1]
Design and construction
ArchitectMortimer J. Fox (original)
Ludlow and Peabody (1922 addition)
Albert Kahn (1932 addition)
DeveloperThe New York Times Company
Designated24 April 2001
Reference no.LP-2091
References
[2]

229 West 43rd Street, formerly known as The New York Times Building,[3] is an 18-story (267 ft;81 m) office building, located at 229 West 43rd Street between Seventh and Eighth Avenue near Times Square in Manhattan, a borough of New York City. It was the headquarters of The New York Times newspaper from 1913 through 2007.[4][5]

History[edit]

The building was built in three stages between 1912 and 1937. It was originally designed by Mortimer J. Fox, of the firm Buchman & Fox, and called the New York Times Annex because it was designed to supplement the One Times Square Times Tower, built in 1905 at Broadway and 42nd Street (which gives Times Square its name).[2] In 1922, the Ludlow & Peabody firm designed a 100-foot (30 m) extension on the west side as well as a five-story setback attic level in the style of the French Renaissance, including the Mansard roofs.[citation needed] From 1930 to 1932, architect Albert Kahn designed a further expansion to the west including a second lobby and roof-top studio. Further expansions included a 12-story New York Times North building adjoining it to the north on 44th Street.[2]

The New York Times Company sold the building in 2004 to Tishman Speyer Properties for $175 million. Tishman sold it to Africa Israel Investments in 2007 for $525 million.[6] As of September 2008, Africa Israel was in the midst of a $175 million renovation including adding a new sign on the top and replacing a digital clock in place since 1962 with an analog version.[7] Africa Israel officially calls it "The Times Square Building".[1]

In 2015, Jared Kushner purchased $295 million worth of space in the former New York Times Building on 43rd Street near from Lev Avnerovich Leviev's firms Africa Israel Investments and Five Mile Capital.[8] Later, in October 2016, Kushner used this space as a basis for a $285 million loan from Deutsche Bank.[8][9] These deals attracted special counsel Robert Mueller's attention as possible ties between Trump family real estate deals and Russian money interests while he is investigating alleged Russian interference in the 2016 United States elections.[10]

Occupants[edit]

From 2009-2016, the basement housed Discovery TSX.[11] National Geographic Encounter: Ocean Odyssey, operated by Times Square Attractions Live opened in that space in 2017.[12] Since April 2013, the 5th floor has housed MongoDB Inc. (formerly 10gen), a database company.[13] Some of the 6th and 7th floors is Snapchat, as well the entire 15th and 16th (top) floors and the 16th floor 673 sq ft tower. Yahoo! is on the 9th, 10th, 11th, 12th and 14th floors. In December 2017, Complex Networks subleased 80,000 square feet of space from Yahoo.[14] PubMatic[15] and the Worth Global Style Network are on the 7th floor. AlphaSights is on the 4th floor.[16] As of June, 2016, Engine Group is on the 8th floor, including ORC International, Deep Focus and Moment Studio.[17] Snap Inc. currently rents 25% of the building.[18] The bottom two floors are owned by Kushner Companies.[19] Bowlmor Lanes opened some lanes in the building.[20]

See also[edit]

References[edit]

  1. ^ a b Rubinstein, Dana (September 23, 2008). "Sign for The Times: Landlord Leviev Adding 32-Foot Sign to 229 West 43rd". New York Observer. Retrieved August 6, 2012.
  2. ^ a b c "New York Times Building". Emporis. Retrieved March 27, 2017.
  3. ^ Lankevich, George J. (2001). Postcards from Times Square. Square One Publishers, Inc. p. 20. ISBN 9780757001000.
  4. ^ "History of Times Square". The Telegraph. July 27, 2011. Archived from the original on March 10, 2016.
  5. ^ "The New York Times Company Enters The 21st Century With A New Technologically Advanced And Environmentally Sensitive Headquarter" (PDF) (Press release). The New York Times Company. November 16, 2007. Archived from the original (PDF) on February 27, 2008.
  6. ^ Koblin, John (April 30, 2007). "Times Building Sells (Again!) For $525 M.". New York Observer. Retrieved August 6, 2012.
  7. ^ Dunlap, David W. (September 23, 2008). "Signs of Change, in Lights, for Times Square". City Room (blog of The New York Times. Retrieved August 6, 2012.
  8. ^ a b Protess, Ben; Silver-Greenberg, Jessica; Drucker, Jesse (July 19, 2017). "Big German Bank, Key to Trump's Finances, Faces New Scrutiny". New York Times. Retrieved November 12, 2018.
  9. ^ Kranish, Michael (June 25, 2017). "Kushner firm's $285 million Deutsche Bank loan came just before Election Day". Washington Post. Retrieved November 12, 2018.
  10. ^ Dent, Wendy; Pilkington, Ed; Walker, Shaun (July 24, 2017). "Jared Kushner sealed real estate deal with oligarch's firm cited in money-laundering case". The Guardian. Retrieved November 12, 2018.
  11. ^ (registration required) Rothstein, Edward (June 25, 2009). "Relics From the Deep and the Dawn of Man". The New York Times. Retrieved June 26, 2009.
  12. ^ Dunlap, David W. (May 4, 2017). "An Ocean Beckons Where Newspapers Once Streamed". New York Times. Retrieved July 4, 2018.
  13. ^ "10gen Moves to Former New York Times Building". Retrieved April 29, 2013.
  14. ^ "Complex Networks inks sublease with Yahoo at 229 West 43rd St". therealdeal.com. December 14, 2017. Retrieved February 4, 2018.
  15. ^ "Automation Solutions for Digital Advertising - PubMatic". PubMatic. Retrieved February 4, 2018.
  16. ^ "Home - AlphaSights". www.alphasights.com. Retrieved February 4, 2018.
  17. ^ "Home Page – Engine Group".
  18. ^ "229 West 43rd Street". Columbia Property Trust. Retrieved February 28, 2017.
  19. ^ Snyder, Gabriel. "How The New York Times Is Clawing Its Way into the Future". WIRED. Retrieved March 18, 2017.
  20. ^ Barry, Dan (November 18, 2010). "Bowlmor Lanes in Former Newsroom of The New York Times". The New York Times. ISSN 0362-4331. Retrieved March 18, 2017.