The Morgan Stanley Building
From Wikipedia, the free encyclopedia
| The Morgan Stanley Building 1585 Broadway |
|
| Information | |
|---|---|
| Location | 1585 Broadway, between 47th and 48th Streets |
| Status | Complete |
| Constructed | 1989 – 1990 |
| Roof | 685 ft (209 m) |
| Technical Details | |
| Floor count | 42 |
| Floor area | 1,300,000 square feet [1] 120770 m2 [2] |
| Companies | |
| Architect | Emery Roth & Sons, Gwathmey, Siegel & Associates |
| Contractor | Starrett Brothers and Eken |
Contents |
[edit] History
Even before 1585 Broadway began to rise over Duffy Square, its developer, David S. Solomon, had signed a major Park Avenue law firm to a 20-year lease for 365,000 square feet (33,900 square meter). 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.
The original developer filed for bankruptcy the previous year leaving unfinished building construction, stalled leasing, and strained tenant relationships. After the bank group gained control of the asset through the bankruptcy process, Hines took over the onsite property and construction management as well as the marketing, leasing and disposition activities.
In 1992, Hines was hired as asset manager and advisor to a consortium of banks which held the mortgage to 1585 Broadway, a 42-story, 1.3 million square-foot (121,000 square-meter) office tower located in New York City's Times Square.
Featured in the movie "Down 2 Earth" as the skyscraper from where the failing businessman jumps to his death.
Currently it is the World Headquarters of Morgan Stanley.
