Jamestown Properties

Revamped One Times Square, home to the New Year’s Eve ball drop, tops out

Image courtesy of Jamestown

December 8, 2023

Revamped One Times Square, home to the New Year’s Eve ball drop, tops out

The $500 million redevelopment of One Times Square, home of the New Year's Eve ball drop, is moving closer to completion. Developer Jamestown on Thursday celebrated the topping out of the project, which is transforming one of the world's most famous buildings into a year-round entertainment hub with a new visitor center, a viewing deck overlooking Times Square, a museum, and lots of advertisements. Located at 42nd Street and Seventh Avenue, One Times Square is expected to reopen to the public in 2025.
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New Developments

Lower East Side icon Economy Candy is opening new store in Chelsea Market

Photo of Economy Candy on Rivington Street by Cory Doctorow on Flickr

February 6, 2023

Lower East Side icon Economy Candy is opening new store in Chelsea Market

By Devin Gannon

New York City's oldest retail candy shop is expanding for the first time in its over 85-year history. Economy Candy, which has been satisfying sweet tooths on the Lower East Side since 1937, will open a new location in Chelsea Market this week. Called "A Taste of Economy Candy," the store is a mini version of the original sweet shop, offering a selection of vintage treats and classic candies on rotation every month.
Sweet deets here

Uncategorized

$500M One Times Square revamp includes outdoor viewing deck, museum, and even more ads

All renderings courtesy of Jamestown

May 6, 2022

$500M One Times Square revamp includes outdoor viewing deck, museum, and even more ads

By Devin Gannon

One of the most valuable advertising locations in the world will cash in on its prime location even further. One Times Square, home of the New Year's Eve ball drop, will undergo a $500 million redevelopment to become a new visitor center with a viewing deck, museum, and 12 floors of interactive "branded" experiences, developer Jamestown announced on Friday. While the 26-story building, located at 42nd Street and 7th Avenue, has been vacant for years, its exterior is covered in giant billboards. As part of the half-a-billion-dollar project, advertisers will be able to reach more consumers through immersive "digital, virtual, and augmented reality integrations" inside One Times Square.
Details here

Here’s what you need to know about Times Square’s virtual ball drop this New Year’s Eve

Photo credit: Countdown Entertainment, LLC, courtesy of Times Square Alliance

December 16, 2020

Here’s what you need to know about Times Square’s virtual ball drop this New Year’s Eve

By Dana Schulz

In September, the Times Square Alliance announced that its annual New Year's Eve celebration will take place virtually this year, including the famous ball drop. This will be the first time in 114 years that the December 31 event will not have a crowd. But thanks to a new app developed by Jamestown, Times Square will come to the living rooms of revelers around the world. Turning the New Year's Eve experience into a video game, the app lets users create a personalized avatar, explore a virtual Times Square, play games, and live stream the countdown to midnight. Real-life musical performances, interviews, and countdowns are still happening this year but will be live-streamed instead.
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Events & Things To Do

One Times Square owner looking to construct observatory for prime New Year’s Eve views

Via Flickr

January 30, 2019

One Times Square owner looking to construct observatory for prime New Year’s Eve views

By Devin Gannon

The most looked-at building in the world is getting a makeover. According to Crain's, Jamestown will redevelop One Times Square, the 23-story building that garners the attention of millions for its famed ball drop every New Year's Eve. The owner plans on installing 32,00 square feet of new signage, including a 350-foot-tall digital sign. To cash even further on its prime location, Jamestown may construct an observatory for NYE revelers to be at the heart of ball-drop festivities.
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Real Estate Trends

Chelsea Market plans international outposts as Google closes on $2.4B purchase of flagship building

Photo courtesy of Jamestown

March 21, 2018

Chelsea Market plans international outposts as Google closes on $2.4B purchase of flagship building

By Michelle Sinclair Colman

Jamestown, the real estate investment company that just closed on the $2.4 billion sale of the 1.2 million-square-foot Chelsea Market building to Google yesterday, is getting in on the corporate game. The developer will continue to manage Chelsea Market and, according to the Wall Street Journal, they maintained the branding rights and intellectual property connected to the Chelsea Market name outside of Manhattan. The article reports that Jamestown is already scoping out “emerging neighborhoods” throughout the U.S. and Europe and hopes to announce one to two new locations for their new concept before the end of the year. Phillips told the Journal, “The concept travels...Our intention is to create this community of buildings.”
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Uncategorized

Google to buy Chelsea Market building for $2.5B, the second largest single sale in NYC history

Photo of Chelsea Market via Wikimedia

February 6, 2018

Google to buy Chelsea Market building for $2.5B, the second largest single sale in NYC history

By Devin Gannon

Editor's Note: The New York Post reports Google will buy Chelsea Market for $2.5 billion, which would make it the second biggest single sale in the city's history. It closely follows the $2.8 billion purchase of the GM Building in 2007. Google has entered contract with Jamestown LP to buy the Chelsea Market building for over $2 billion. As 2018's first billion dollars plus transaction in New York, the deal is expected to close sometime in the next two months, according to the Real Deal. This will further the tech giant's presence in the Manhattan neighborhood; it is currently the biggest tenant at 75 Ninth Avenue and its headquarters are located across the street at 111 Eighth Avenue.
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Real Estate Trends

August 11, 2016

The Success Story of Industry City as Told by Its Innovative Manufacturing Tenants

By Dana Schulz

Industry City is a six million-square-foot, 30-acre industrial complex on the Sunset Park waterfront. Its 16 buildings made up the former Bush Terminal, a manufacturing, warehousing and distribution center that opened in 1895. After falling into disrepair over the past few decades, in 2013, a new ownership team led by Belvedere Capital and Jamestown began their $1 billion undertaking to update the complex while cultivating a diverse tenant mix that fuses today’s burgeoning innovation economy with traditional manufacturing and artisanal craft. Today, there are more than 4,500 people and 400 companies working in Industry City, and 6sqft recently paid a visit to four of them (a handbag designer, lighting designer, candle company, and chocolatier) to learn why the complex makes sense for their business and what unique opportunities it's afforded them. We also spoke with Industry City CEO Andrew Kimball about the unprecedented success of the complex and his visions for the future, as well as took a tour of the buildings and their wildly popular public amenity spaces such as the food hall, outdoor courtyards, and tenant lounge.
All this and more ahead

Jamestown Will Spend up to $50M to Double Retail Space at Chelsea Market

Views of addition courtesy of Neoscape

May 26, 2016

Jamestown Will Spend up to $50M to Double Retail Space at Chelsea Market

By Dana Schulz

Back in March, 6sqft got a first look at renderings for Jamestown Properties' 240,000-square-foot addition to Chelsea Market. Known as BLDG 18, the nine-story topper designed by Studios Architecture will sit atop the westernmost building of the complex. In addition, the developer plans to spend $35 to $50 million doubling the size of the retail space. Though there's no new images to accompany the news, Crain's explains that the additional 80,000 square feet of retail will go in the building's now mostly unused lower level. Here, among other renovations, Jamestown will convert a boiler room into a restaurant and add a central corridor similar to the existing one on the ground level.
More details ahead

New Developments

March 4, 2016

VIDEO: Get a Digital Tour of the Chelsea Market’s New Addition

By Ondel Hylton

Annual office rents in the West Chelsea/Meatpacking District area have been topping $90 per square foot with many creative and technology tenants searching for boutique-sized spaces. So it seems like the perfect time for Jamestown Properties to move forward with their piggybacking plan for Chelsea Market. Branding and visualization firm Neoscape put together a cheery film to market the upcoming building's new 240,000 square feet of office space. To be known as BLDG 18, the structure is being designed by Studios Architecture and will rise nine stories atop the westernmost building of the Chelsea Market complex and the High Line. The film shows a private 16th Street entrance for tenants, 40,000-square-foot floor plates, 40-foot-wide column bays, multiple levels of landscaped terraces providing a total of 21,000 square feet of outdoor space, panoramic views, easy access to the High Line, and of course, the block-long Chelsea Market food concourse at ground level.
Watch the video here

New Developments

Renderings, Details Revealed for Massive $1B Industry City Redevelopment in Sunset Park

By Dana Schulz

For the past year or so we've heard plenty of chirpings about Industry City, the former Bush Terminal on the Sunset Park waterfront that Jamestown Properties plans to transform into "a dynamic 21st century innovation and manufacturing community that balances existing manufacturing tenants with those centered on creative and innovation economy fields." But now, Jamestown, along with fellow owners Belvedere Capital, and Angelo Gordon, have announced that the overhaul of the 32-acre complex's 16 buildings will cost $1 billion and include a hotel, along with a huge amount of retail and tech start-up space. They also want an additional $115 million in infrastructure improvements like a massive new parking lot, as well as some rezoning concessions.
Find out more about the future of Industry City

Real Estate Trends

June 5, 2014

Jamestown Properties Wants to Turn Sunset Park’s Industry City Into the Next Chelsea Market

By Stephanie Hoina

If you renovate, will they come? It’s been less than a year since Jamestown Properties, the developer behind the successful Chelsea Market, acquired a 50% stake in the mostly abandoned industrial warehouse complex in Brooklyn’s Sunset Park known as Industry City. Along with investment partners Belvedere Capital and Angelo, Gordon & Company, Jamestown plans to translate the success of Chelsea Market on a scale six times the size – 16 buildings encompassing over 6 million square feet formerly known as Bush Terminal. But while Brooklyn is currently the darling of the five boroughs, Sunset Park doesn’t quite have the cache of Chelsea – yet, and the viability of such an enormous undertaking is ten years in the making.
Watch a video interview with the developers this way

Real Estate Trends

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