

The project was announced on December 13, 2001, entailing the erection of a 52-story tower on the east side of Eighth Avenue between 40th and 41st Street across from the Port Authority of New York & New Jersey Bus Terminal. The project was announced shortly after the Hearst Corporation was given approval to construct a tower over their landmark six-story headquarters along the west side of Eighth Avenue, between 56th and 57th Streets. In conjunction with the Hearst Tower, the site selection represents the further westward expansion of Midtown along Eighth Avenue; a corridor that had seen no construction following the completion in 1989 of One Worldwide Plaza.
In addition, the new location keeps the paper in the Times Square area, which was named after the paper following its move to 42nd Street in 1904. The Times Company had most recently been located at 229 West 43rd Street.


The tower rises 748 feet (228 m) from the street to its roof, with the exterior curtain wall extending 92 feet (28 m) higher to 840 feet (256 m), and a mast rising to 1,046 feet (319 m). As of 2008, the building is tied with the Chrysler Building as the third tallest building in New York and the seventh tallest in the United States.
The steel-framed building, cruciform in plan, utilizes a screen of 15⁄8" (41.3 mm) ceramic rods mounted on the exterior of the glass curtain wall on the east, west and south facades. The rod spacing increases from the base to the top, providing greater transparency as the building rises. The steel framing and bracing is exposed at the four corner "notches" of the building.


The design incorporates many features for increased energy efficiency. The curtain wall, fully glazed with low-e glass, maximizes natural light within the building while the ceramic-rod screen helps block direct sunlight and reduce cooling loads. Mechanized shades controlled by sensors reduce glare, while more than 18,000 individually-dimmable fluorescent fixtures supplement natural light, providing a real energy savings of 30 percent.

The New York Times Company owns about 800,000 square feet (74,300 square meters) on the second through the 27th floors. Forest City Ratner owns about 700,000 square feet (65,032 square meters) on floors 29 through 52, as well as 21,000 square feet (1,951 square meters) of street-level retail space. The lobby and floors 28 and 51 are jointly owned.
Six law firms have their offices in the building: Covington & Burling LLP; Osler, Hoskin & Harcourt LLP (36th floor); Pepper Hamilton LLP (37th floor); Seyfarth Shaw LLP (31st-33rd floors)[4]; Goodwin Procter LLP (leasing floors 23-27 from the New York Times and floors 29-30 from FCRC) and Buchanan Ingersoll & Rooney PC.


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