5 Times Square
5 Times Square is a 38-story office skyscraper at the southern end of Times Square in the Midtown Manhattan neighborhood of New York City. Located on the western sidewalk of Seventh Avenue between 41st and 42nd Street, the building measures 575 feet (175 m) tall. The building was designed by Kohn Pedersen Fox Associates (KPF) and developed by Boston Properties for Ernst & Young (EY). The site is owned by the New York City Economic Development Corporation, though David Werner and RXR Realty have a long-term leasehold on the building.
5 Times Square
Office
Times Square, Manhattan, New York
1999
2002
May 2002
575 ft (175 m)
540 ft (160 m)
38
1.1×106 sq ft (100,000 m2)
20
KPF planned the facade as a glass curtain wall, with large billboards on lower stories as part of the 42nd Street Development Project. The foundation consists of shallow footings under most of the site, though parts of the plot abut New York City Subway tunnels and are supported by caissons. The steel superstructure includes a wind-resisting lattice steel beams, as well as a mechanical core. The building contains 1.1 million square feet (100,000 m2) of floor space, much of which is devoted to offices. The lowest three stories contain retail space and an entrance to the Times Square subway station.
During the 1980s and early 1990s, Park Tower Realty and the Prudential Insurance Company of America had planned to develop a tower for the site as part of a wide-ranging redevelopment of West 42nd Street. After the successful development of the nearby 3 and 4 Times Square, Boston Properties developed both 5 Times Square and Times Square Tower. Work started in 1999 after EY was signed as the anchor tenant, leasing the entire building for 20 years. The building opened in 2002. Boston Properties sold the long-term leasehold for 5 Times Square in 2006 to AVR Realty, which resold it in 2014 to a group led by David Werner. RXR Realty purchased a 50 percent ownership stake in the leasehold in 2016 and began to renovate it in 2020.
Site[edit]
5 Times Square is on the west side of Seventh Avenue, between 41st Street and 42nd Street, at the southern end of Times Square in the Midtown Manhattan neighborhood of New York City.[3][4] The land lot is L-shaped and covers 27,156 sq ft (2,522.9 m2),[3] with a frontage of 197.5 feet (60.2 m) on Seventh Avenue, 150 feet (46 m) on 42nd Street, and 125 feet (38 m) on 41st Street.[5] 5 Times Square is at the eastern end of a city block that also contains the New Amsterdam Theatre, Candler Building, and Madame Tussauds New York. Other nearby buildings include the Times Square and Lyric theaters to the northwest, the New Victory Theater and 3 Times Square to the north, One Times Square and 4 Times Square to the northeast, and the Times Square Tower to the east.[3][4]
An entrance to the New York City Subway's Times Square–42nd Street station, served by the 1, 2, 3, 7, <7>, N, Q, R, W, and S trains,[6] is within the base of the building on 42nd Street. Another entrance to the same station is on 41st Street.[6][7] 3, 4, and 5 Times Square and the Times Square Tower comprise a grouping of office buildings that were developed at Times Square's southern end in the late 1990s and early 2000s.[8][9][10] The surrounding area is part of Manhattan's Theater District and contains many Broadway theatres.[4] The site of 5 Times Square was occupied by a 12-story hotel that opened in the late 1890s, while the New Amsterdam Theatre was built on the adjacent lot around the same time.[11]
