{"id":1936,"date":"2006-12-26T12:19:06","date_gmt":"2006-12-26T20:19:06","guid":{"rendered":"https:\/\/www.bridgeandtunnelclub.com\/wordpress\/archives\/2006\/12\/how_about_a_niketown_with_sweatshops_above.html"},"modified":"2006-12-26T12:19:06","modified_gmt":"2006-12-26T20:19:06","slug":"how_about_a_nik","status":"publish","type":"post","link":"https:\/\/www.bridgeandtunnelclub.com\/blog\/archives\/2006\/12\/how_about_a_nik.html","title":{"rendered":"How About A Niketown With Sweatshops Above?"},"content":{"rendered":"

The only problem with 1 Times Square is that there isn’t much in the way of natural light<\/a>:<\/p>\n

It’s the most famous building in the world on New Year’s Eve, but it’s also the emptiest — so the owners of 1 Times Square, where the ball comes down, are making a daring offer:<\/p>\n

Rent the vacant, three-story store at the bottom for $4.5 million a year and they’ll throw in 19 floors of empty offices for free.<\/p>\n

“You rent the retail, you basically get the building upstairs for free,” said Newmark Knight Frank real-estate broker Jeffrey Roseman, who represents the owners.<\/p>\n

The 23-story tower, originally built for The New York Times in 1904, has not housed any office tenants for years. The base was home to a Time Warner studio store until it closed in 2001.<\/p>\n

Ever since then, owners Jamestown and Sherwood Equities have made up to $30 million a year renting the building’s exteriors to giant electronic displays and painted ads.<\/p>\n

Retailers have balked at the location in the middle of an island between Broadway and Seventh Avenue at 43rd Street, even as the area around it thrives.<\/p>\n

. . .<\/p>\n

The upper floors are small, and the interior is in disrepair. And they don’t offer much in the way of views — nearly all the windows are covered by signs.<\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The only problem with 1 Times Square is that there isn’t much in the way of natural light: It’s the most famous building in the world on New Year’s Eve, but it’s also the emptiest — so the owners of 1 Times Square, where the ball comes down, are making a daring offer: Rent the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1936","post","type-post","status-publish","format-standard","hentry","category-real_estate"],"_links":{"self":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/1936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/comments?post=1936"}],"version-history":[{"count":0,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/1936\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/media?parent=1936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/categories?post=1936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/tags?post=1936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}