A NEW VIBRANCY

“I remember decades ago when Times Square used to be shunned,” says Laurie Golub, Africa-Israel USA general counsel and managing director of business affairs. “It’s now the No. 1 place that more than 37 million tourists, hotel operators, restaurateurs, and retailers want to be.” Laurie will be speaking at Bisnow’s The Evolution of Times Square and the West Side event this Wednesday.
Laurie’s been able to view Times Square’s new vibrancy from her West 43rd Street office firsthand, seeing increasing energy across all sectors, with a flight to quality, stronger rents, and demand for large blocks of space. When AFI purchased The Times Square Building in ‘07, it renovated and upgraded the former New York Times HQ with intent to lease as an office. But then AFI devised acreative repurposing plan as part of its debt restructuring 18 months ago, intending to capitalize on the transformation of Times Square and to meet the evolving demands of the today’s market. Now the building will be about 40% retail, 50% hotel, and 10% residential, she says. To hear more about AFI’s transformation of the building, join Laurie and a panel of top real estate legends—including moderator Bruce Mosler of Cushman & Wakefield and opening speaker Scott Stringer, Manhattan’s borough president—as they discuss the market at the fantastic new Eleven Times Square. Find out who will be there and sign up here!

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Taconic Partners Sheds Another NYC Life Sciences Property

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

Tishman Speyer Seeks $92M Tax Break For Next Hudson Yards Office Tower