Type Highrise Completed 1990 Floor count 42 Floors 42 Owner Morgan Stanley Architect Charles Gwathmey | Current tenants Morgan Stanley Roof 685 ft (209 m) Height 209 m Opened 1990 Construction started 1989 | |
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Location 1585 Broadway, between 47th and 48th Streets, Times Square, New York City Similar Bertelsmann Building, Times Square, Paramount Plaza, One Worldwide Plaza, Random House Tower | ||
Morgan stanley building in times square new york city new york
The Morgan Stanley Building at 1585 Broadway is the headquarters of Morgan Stanley, on the west side of Broadway, north of Duffy Square in the Times Square neighborhood of midtown Manhattan, New York City.
Contents
- Morgan stanley building in times square new york city new york
- Map of 1585 Broadway New York NY 10036 USA
- Morgan stanley building on new york times square
- History
- Management and engineering
- Awards
- In popular culture
- References
Map of 1585 Broadway, New York, NY 10036, USA
Morgan stanley building on new york times square
History
Even before 1585 Broadway began to rise over Duffy Square, its developer, David S. Solomon, had signed law firm Proskauer Rose to a 20-year lease for 365,000 square feet (33,900 square meters). A notable achievement at any time, the deal was a milestone in a market where a growing number of new buildings were competing heavily for a shrinking number of tenants.
In December 1991, the original developer, 1585 Broadway Associates, controlled by Solomon, filed for bankruptcy, leaving unfinished building construction, stalled leasing, and strained tenant relationships. A consortium of banks then gained control of the asset through the bankruptcy process and hired Hines Interests Limited Partnership to manage the property.
Morgan Stanley bought the building for $176 million in August 1993 and moved in two years later. Currently, it uses the building as its world headquarters.
Management and engineering
All of Morgan Stanley's properties are currently managed by Hines Interests. DataComm management is jointly tasked between Morgan Stanley's IT unit referred to as "Morgan Stanley - Critical Systems" as well as Hines Interests. As of 1994 The building's peak electrical demand was 9,288 kW. This excludes the loads brought on by Morgan Stanley's tenants.
Two floors of 1585 Broadway are reserved strictly for building operations, both of which can be observed from the exterior of the building by noticing its lack of windows.