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Article: Brokers ponder plans for NY Times building.(Brief Article)
- Article from:
- Real Estate Weekly
- Article date:
- August 15, 2001
- Author:
CopyrightCOPYRIGHT 2001 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Leave it to New York Times to stir up controversy. Recent reports that Forest City Ratner has not pre-leased any of its space at the newspaper's proposed new headquarters at Eight Avenue and 40th Street have left some brokers dumbfounded and others reassured.
Forest City will own approximately 750,000 SF at the property, encompassing floors 27 through 52. But the developer has not given much thought to prospective tenants as of yet, and chances are it won't do so until the building is completed. "We consider the Times to be our anchor tenant," a Forest City spokesman was reported as saying.
In addition, once the leasing campaign starts, the developer ...