The company Tishman Speyer Properties announced its intention to sell the historic headquarters of The New York Times for $ 500 million. In November 2004, the same building of Tishman Speyer Properties bought for 175 million dollars, almost three times cheaper. That was reported by the newspaper is The New York Times.
Each of the 70 thousand square meters of 15-story building would cost the potential buyers of about seven thousand dollars. In 2007, the average cost per square meter office in Manhattan, according to Real Capital Analytics, was slightly less than nine thousand dollars.
However, the new owners will have to undertake extensive repairs and renovation of the headquarters, which was built in 1913 and now does not meet modern requirements for the office of Class A.
The new headquarters of New York Times will be located in manhettenskom skyscraper, which is the Italian architect Renzo Piano (Renzo Piano). Completion of construction is planned for 2007. Together with the spire height of the building is 319 meters, making it the third highest neboskrebom New York.
The total area of the headquarters will be 143 thousand square meters, of which the company The New York Times will take about 74 thousand, is located on floors 2 through 28. Two thousand square meters will be given a shopping area, while the remaining 55.7 thousand meters to take the company Forest City Ratner and ING Real Estate.
During its long history of the company, which apart from The New York Times has a lot of regional publications, including The Boston Globe and The International Herald Tribune, has moved only two times. For the first time in 1904, she changed her address to the 42 streets in Longakr Square, which was renamed in Times Square. But in 1913 it had to go off the address of its current West 43 Street, 229. The building of the newspaper at the Times Square was sold in 1961.