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Times Square is a major commercial intersection, tourist destination, entertainment hub, and neighborhood in the Midtown Manhattan section of New York City. It is formed by the junction of Broadway, Seventh Avenue, and 42nd Street.
The square was renamed in 1904 for The New York Times, which opened its new offices in the Times Tower on the square (though it would outgrow them by 1913). Almost immediately the square became the place where New Yorkers gathered to celebrate the arrival of the new year.
One Times Square was sold multiple times in the 1980s and continued to serve as an office building. The financial firm Lehman Brothers acquired the building in 1995, adding billboards to take advantage of its prime location within Times Square. Jamestown L.P. has owned the building since 1997.
Adolph S. Ochs, owner and publisher of The New York Times from 1896 to 1935, saw an opportunity and selected a highly visible location to build the Times Tower, which was the second tallest building in the city at the time.
Adolph S. Ochs, owner and publisher of The New York Times from 1896 to 1935, saw an opportunity and selected a highly visible location to build the Times Tower, which was the second tallest building in the city at the time.
The area now known as Times Square fell into the hands of real estate mogul John Jacob Astor in the 1800s. By the second half of the 19th century, that area had become the center of the city’s horse carriage manufacturing industry and home to William H. Vanderbilt’s American Horse Exchange.
“The recent overcrowding problems of Times Square have been caused in part by the construction of the plazas,” said Douglas Durst, chairman of the Durst Organization, which owns 4 Times Square.
Times Square history. Before it was ‘Times Square’, the area on 42nd Street went by a number of different names. In the 1870s, the area was the centre of New York’s horse and carriage industry and was thus named Longacre Square, after London’s own horse and carriage centre, Long Acre.
Jamestown Properties, which rents out the three bottom floors and the top floor, where the New Year’s Eve ball is stored year-round, currently owns it. Most of the floors are vacant, covered in...
The Urban Development Corporation is planning to take bids from developers for the construction of four office towers and the renovation of several theaters and the Times Square subway...