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New York & Tri-State  + Midtown New York  + Hospitality  |  December 11, 2023
Emily Fu
By: Emily Fu

Jamestown Tops Out $500M Times Square Redevelopment 

Jamestown has topped out One Times Square, the home to the iconic New Year’s Eve Ball Drop. The $500 million redevelopment project is projected to open in 2025. 

“The future of Times Square needs to build on its strengths – from Broadway to the digital billboards to New Year’s Eve – while also adding new and varied experiences that evolve and elevate its position as a global entertainment district,” said Michael Phillips, president of Jamestown.  

This overhaul aims to revitalize the 119-year-old building into a NYC visitor center. It features a new viewing deck overlooking Times Square and a museum narrating the celebration’s history. The Countdown sign has recently been installed and the 2024 Numerals will be atop the building in time for this year’s celebrations. 

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Inside The Story

Michael Phillips

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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