1 Times Square, the renowned landmark in New York City, is jointly owned by Jamestown L.P. and Sherwood Equities.
Understanding the Ownership of This Iconic Building
This prominent 25-story structure, celebrated globally for its massive digital billboards and its central role in the annual New Year's Eve ball drop, operates under a collaborative ownership model. The partnership between Jamestown L.P., a real estate investment and management firm, and Sherwood Equities, a New York-based real estate company, ensures the strategic oversight and ongoing development of this globally recognized property.
The building itself boasts a significant place in history, having originally opened on January 1, 1905. Initially serving as the headquarters for The New York Times, it has since evolved into a defining symbol of Times Square, primarily functioning as a premier platform for high-impact advertising and a key venue for public celebrations.
Key Details of 1 Times Square
For a clearer overview of the property, consider the following essential details:
| Feature | Detail |
|---|---|
| Location | Times Square, New York City |
| Owners | Jamestown L.P. and Sherwood Equities |
| Opened | January 1, 1905 |
| Function | Predominantly outdoor advertising displays; historic landmark |
The ownership by Jamestown L.P. and Sherwood Equities underscores their strategic investment in high-visibility urban real estate. Their combined expertise is instrumental in managing a property that generates substantial revenue from its exterior signage, which is a signature characteristic of the Times Square district. This collaborative approach ensures the building remains a vital and dynamic part of Times Square's bustling commercial and cultural landscape.
