New York & Tri-State + Midtown New York + Hospitality | May 6, 2022

Jamestown has begun a $500-million redevelopment of One Times Square, scene of the annual New Year's Eve Ball Drop

Jamestown Launches $500M Revamp of One Times Square

Jamestown, whose credits include the redevelopment of New York’s Chelsea Market and Atlanta’s Ponce City Market, will now turn its attention to a $500-million revamp of One Times Square, the site of the New Year’s Eve Ball Drop. The redevelopment will modernize the historic, 118-year-old building as a 21st century visitor center for New York City.

The redevelopment includes the creation of a viewing deck and museum experience. It will also a next-generation brand experience offering brands the added ability to connect with their customers in Times Square through immersive, technology-enabled activations.

“Times Square has served as the crossroads of the world for more than a century, and One Times Square is at the center of that global stage,” said Michael Phillips, President of Jamestown. “The building’s next chapter will build on that legacy, creating a new destination in the heart of Times Square for the next generation.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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