Times ownership Newspaper publisher
Adolph Ochs purchased
The New York Times in 1896. The paper was then headquartered at
41 Park Row in
Lower Manhattan, within the city's
Newspaper Row. The
Times expanded greatly under Ochs's leadership, prompting him to acquire land for a new headquarters in Longacre Square. In August 1902, Ochs purchased the former Eno ground from the Subway Realty Company and obtained a long-term lease from Charles Thorley on the ground under the Pabst Hotel. At the time, the
first line of the New York City Subway was being constructed through the site, spurring commercial growth in the surrounding neighborhood. In deciding to relocate to Longacre Square, the
Times cited the fact that the
New York City Subway's
Times Square station would be directly adjacent to the new building, thus allowing the paper to expand its circulation.
Headquarters In mid-1902, the
Times hired architect
Cyrus L. W. Eidlitz to draw up plans for its skyscraper headquarters at Longacre Square. Site clearing began in December 1902 and was completed within two months. Afterward, workers began constructing the building's concrete, brickwork, and ironwork in mid-1903. Ochs's 11-year-old daughter
Iphigene Bertha Ochs laid the building's cornerstone on January 18, 1904, after the steel frame had been completed. Ochs successfully persuaded the
New York City Board of Aldermen to rename the surrounding area after the newspaper, and Longacre Square was renamed
Times Square in April 1904. Workers were installing interior finishes by the next month. According to the
Times, the building's completion was delayed by 299 days due to various strikes during the project, as well as inclement weather. Prior to the building's completion, in November 1904, the
Times used searchlights on the facade to display the results of the
1904 United States presidential election. The
Times indicated which candidate won by flashing searchlights on different sides of the building.
The New York Times officially moved into the building on January 1, 1905. To help promote the new headquarters, the
Times held a
New Year's Eve event on December 31, 1904, welcoming the year 1905 with a fireworks display set off from the roof of the building at midnight. The event was a success, attracting 200,000 spectators, and was repeated annually through 1907. The same year, the paper started operating a
stereopticon machine on the north side of the building, displaying news bulletins. In addition, the
Times experimented with transmitting music and telephone messages to the top of its tower in 1907. In 1908, Ochs replaced the fireworks display with the lowering of a
lit ball down the building's flagpole at midnight, patterned off the use of
time balls to indicate a certain time of day. The "ball drop" was directly inspired by a time ball atop the
Western Union Telegraph Building in lower Manhattan. By then, Times Square had become a popular venue for New Year's celebrations. The ball drop is still held atop One Times Square, attracting an average of one million spectators yearly. The Times Tower was also used for telegraph experiments, and its searchlights continued to display election results, including those for the
1908 United States presidential election. The building's roof attracted visitors such as French author
Pierre Loti, who called the Times Tower "one of the boldest" of New York City's skyscrapers, and
Jamalul Kiram II, the
Sultan of Sulu.
Times relocation and office use There was so little space on the Times Tower site that its mechanical basements had to descend as much as . By the early 1910s, the Times Square area had become densely developed with restaurants, theaters, hotels, and office buildings. Despite the dearth of space, a
Times booklet said: "It did not occur to anyone to suggest that the [
Times] should desert Times Square." On February 2, 1913, eight years after it moved to One Times Square, the
Times moved its corporate headquarters to
229 West 43rd Street, Most of the
Times operations quickly moved to the annex, except for the publishing and subscription divisions. The building continued to be popularly known as the Times Tower for half a century. The original Times Square Ball above the Times Tower was replaced following the 1919–1920 New Year's celebrations. An
electromechanical Motograph News Bulletin news ticker, colloquially known as the "zipper", started operating near the base of the building on November 6, 1928, after eight weeks of installation. The zipper originally consisted of 14,800 light bulbs, with the display controlled by a
chain conveyor system inside the building; individual letter elements (a form of
movable type) were loaded into frames to spell out news headlines. As the frames moved along the conveyor, the letters themselves triggered
electrical contacts which lit the external bulbs (the zipper was later upgraded to use modern
LED technology). The first headline displayed on the zipper announced
Herbert Hoover's victory in that day's
presidential election. The tower's lights were darkened for the same reason. Consequently, the
1942 New York state election was the first since 1904 for which the tower's lights did not broadcast any election results. The
Times reactivated the building's zipper in October 1943, but, less than two weeks later, the sign was again deactivated to reduce electricity usage. The sign operated intermittently until the end of World War II, when it again ran continuously. Ahead of the
1952 United States presidential election, the
Times temporarily installed a electronic sign on the 4th through 11th stories of the northern facade, displaying each candidate's
electoral vote count. The sign was reinstalled on the Times Tower during the
1956 United States presidential election. The tower's ball was also replaced after the 1954–1955 celebrations.
Leigh and Allied Chemical ownership The
Times sold the building to advertising executive and sign designer
Douglas Leigh in 1961. According to
The Wall Street Journal, Leigh had attempted to purchase the Times Tower for 25 years before he succeeded. At the time, there were 110 tenants in the building; the
Times only operated the zipper as well as a classified advertising office at ground level. Leigh had planned to construct an exhibition hall within the building. investigators later determined that the fire had been caused by "careless smoking". The building's zipper was deactivated in December 1962 due to the
1962–1963 New York City newspaper strike, and it did not operate for more than two years. Leigh sold the building in April 1963 to
Allied Chemical, which planned to renovate the building and use it as a sales headquarters and showroom. The first three stories would be re-clad in glass and serve as a showroom for nylon products, and the interior would be completely overhauled. Benjamin Bailyn of architectural firm
Smith Haines Lundberg Waehler designed the renovation. Due to recent changes to New York City zoning laws, it was more economically efficient to renovate the Times Tower than to demolish it, as a new building on the site could not be as tall. Work began in October 1963, and the Times Tower's original cornerstone was unsealed in a ceremony in March 1964. Allied Chemical stripped the building to its steel frame, replacing the intricate
granite and
terracotta facade with
marble panels as part of a $10 million renovation. The first panel of the new facade crashed to the ground while it was being installed in August 1964. The modifications occurred one year before the
New York City Landmarks Preservation Commission gained the power to protect buildings as official landmarks, leading architectural critic
Ada Louise Huxtable to express opposition to the renovation. Huxtable praised the building as "radical and conservative at the same time", saying that it was full of "vintage structural details". Allied Chemical turned on four electric signs atop the tower in July 1965. The Times Tower was officially rededicated that December as the Allied Chemical Tower. Shortly after the renovation was completed, Allied Chemical's nylon division had outgrown the space, and the building's elevator service was also reportedly unreliable. The Stouffer Foods Corporation also agreed to operate an English-themed restaurant on the 15th and 16th floors. The restaurant, known as Act I, opened in 1966. The
United States Postal Service officially changed the building's address from 1475 Broadway to 1 Times Square in September 1966. Allied Chemical announced in late 1972 that it had placed 1 Times Square for sale. By that time, the company no longer needed the surplus space in its namesake tower. Allied Chemical had relocated other workers to
Morris Township, New Jersey, during early 1972, and it planned to move its nylon division into smaller space at the nearby
1411 Broadway. It is unknown whether anyone submitted a bid to purchase the building, but Allied Chemical ultimately failed to sell it. Parker then renamed the building Expo America. He planned to convert 17 of the building's stories into an exhibition hall while also continuing to operate the Act I restaurant. According to Parker, it cost him $100,000 a year to operate the zipper. Parker exercised his option to buy the building in 1975 Under Parker's plan, four stories would be added to the tower, and the facade would be replaced with panels of
one-way glass. Parker also planned to host a competition to select a new name for the building. Spectacolor Inc. installed a new zipper on the building's facade later that year. The zipper only operated for a short time before being deactivated entirely in 1977.
Times Square redevelopment Early plans The City at 42nd Street Inc. proposed demolishing One Times Square in 1979 as part of a plan to redevelop a section of West 42nd Street near Times Square. Parker, who had not been consulted about the proposal, expressed his opposition by calling it "obscene". Another plan for the site, announced in 1981, called for renovating One Times Square into a "potential civic sculpture" with a brightly lit facade. In a plan presented to the
Empire State Development Corporation (ESDC) in June 1981, architectural firm Cooper Eckstut proposed doubling the height of One Times Square's northern section. Parker had sold the building to the Swiss investment group Kemekod in February 1981. Kemekod sold the tower to TSNY Realty Corporation, an investment group led by Lawrence I. Linksman, in 1982 for $12 million. Linksman promised further renovations to the building, including the possibility of using its north face for signage displays. Park Tower Realty, which had been designated as the developer of these towers, offered to buy the building in November 1983. Park Tower planned to demolish the building and transfer the Times Square Ball to the tallest of the four new buildings. A month afterward, TSNY sued Park Tower to prevent the demolition. Allan J. Riley acquired the building in 1984 for $16.5 million, at which point the building was almost fully leased. Also in 1984, the
Municipal Art Society held an
architectural design competition for the site, attracting over 1,380 entrants from 15 nations. That December, the building's owner objected to the ESDC's plans to condemn the site. The city and state governments of New York created a six-member committee in 1985 to discuss the future of One Times Square.
Israel and Calmenson ownership Steven M. Israel and Gary Calmenson paid $18.1 million for the building in December 1985 and leased the building's ticker to local newspaper
Newsday the next month. The ticker displayed headlines, advertising, and weather from 6 a.m. to midnight each day. By then, Park Tower had begun promoting a plan to replace One Times Square with a seven-story building containing an "open staircase running up its middle and a waterfall running over rough stones at its base". City and state officials debated whether to acquire One Times Square through
condemnation for several years, but they canceled these plans in 1988 after failing to reach an agreement. By 1988, Israel had renovated the first two stories for $1 million. In addition, he converted the 11th floor into an amenity area for the building's tenants; the space contained production rooms, a reception area, and a screening room. At the time, the building was known as One Times Square Plaza. The building's owners negotiated to lease additional advertising space on the building to
Newsday, but the deal was canceled.
Sony agreed to start operating a
Jumbotron on the exterior of the tower in 1990; the Jumbotron was upgraded in March 1994. BAII moved to
foreclose on the property in 1991, prompting Israel and Calmenson to file for
bankruptcy protection in March 1992. Israel wanted to avoid a foreclosure, as he would be liable for $2 million in taxes if the building were foreclosed upon. Rebecca Rawson was named as the
receiver for the bankrupt property. using the zipper for news, announcements, and advertisements of its own products.
Lehman Brothers ownership Banque Nationale de Paris (BNP) bought the building at a foreclosure auction in January 1995 for $25.2 million. The financial services firm
Lehman Brothers acquired the building shortly afterward for $27.5 million. According to the
Times, Lehman Brothers had been "ridiculed" for buying the building at that price. Lehman Brothers felt that it would be economically inefficient to use the tower as an office building because it was so small, so the firm decided to market the tower as a location for advertising. The entire exterior of One Times Square above the ticker was modified to add a grid frame for mounting
billboard signs.
Dow Jones & Company started operating the zipper in June 1995, and Dow Jones replaced the zipper in mid-1997, donating part of the old zipper to the
Museum of the City of New York. Sony's Jumbotron operated until 1996. Alongside its use for advertising and news, it was also frequently used by the producers of the
late-night talk show Late Show with David Letterman, who could display a live feed from its studio on the screen as well. As a cost-saving measure, Sony declined to renew its lease of the space, leading to the subsequent removal of the Jumbotron in June 1996. Due to its frequent use by
Late Show, its producer
Rob Burnett jokingly considered the removal of the Jumbotron to be "a sad, sad day for New York." The last office tenants moved out of the building in 1996, The complex would include a four-story restaurant on the roof.
Jamestown ownership Late 1990s and 2000s Lehman Brothers sold One Times Square in June 1997 to
Jamestown L.P. for about $110 million, four times more than what Lehman Brothers had paid for the building just two years earlier.
Sherwood Equities owned a minority stake in the building and was the leasing agent for the retail space. The store was known as "1 Toon Square", a reference to its address. In advance of the 1999–2000 New Year's celebrations, the ball atop One Times Square's roof was replaced once again. After a portion of the building's exterior signs collapsed in March 1999, the New York City Department of Buildings ordered that four of the building's billboards be removed.
Time Warner announced in mid-2001 that it would close the Warner Bros. store that October due to a decline in business. Time Warner continued to pay rent for the vacant retail space. In 2002, plans were announced for a
7-Eleven convenience store, the Times Square Brewery, and Two Boots Pizza in One Times Square. However, the planned 7-Eleven store was ultimately canceled. Jamestown then repaired 450 panels on the building's facade in the mid-2000s. During this project, one of the facade's panels fell to the ground in 2004, injuring two pedestrians. Due to the building's small size, it only housed a single office tenant during the 2000s and 2010s: the production company in charge of the Times Square Ball drop. In early 2006, the lower floors were occupied by a
pop-up store operated by
J. C. Penney and known as
The J. C. Penney Experience. The
pharmacy chain
Walgreens leased the entire building in 2007, paying $4 million yearly. The chain had previously operated a store in the building for four decades until 1970. Walgreens opened a new flagship store in the space in November 2008. As part of the store's opening, Gilmore Group designed a digital sign for the facade, constructed by
D3 LED. The sign ran diagonally up the western and eastern elevations of the building and contained 12 million LEDs, surpassing the nearby
Nasdaq MarketSite sign as the largest LED sign in Times Square. The sign operated 20 hours a day and advertised Walgreens's products. The ground level would also be renovated to provide an expanded entrance to the
New York City Subway's
Times Square–42nd Street station, directly underneath the building. Work on the subway entrance was originally supposed to be completed in 2018, but the MTA did not start construction on the 42nd Street Shuttle reconstruction project until August 2019. As part of the redevelopment of One Times Square, a new staircase entrance with a glass canopy, as well as a new elevator entrance, would be built. Jamestown announced in January 2019 that it planned to renovate the building and lease the upper floors, which at the time were completely blocked by billboards. Jamestown also planned to either terminate Walgreens's lease or reduce the size of the pharmacy.
The Real Deal magazine estimated that Jamestown was earning $23 million per year from the building's billboards. The Walgreens store at the building's base had closed permanently by 2022. Jamestown started renovating 1 Times Square in May 2022 at a cost of $500 million. To finance the project, Jamestown received a $425 million mortgage from
JPMorgan Chase, a building loan of $88.7 million, and a project loan of $39.8 million. S9 Architecture designed the renovation with
DeSimone as structural engineers, while
AECOM and
Tishman Construction were the general contractors. The advertising boards on the northern facade remained in place, but the advertisements on the other three facades were removed. The 1960s marble facade would be removed and replaced with a glass curtain wall. The structure would contain only one story of office space after it reopened. The building's observation deck would be open year-round, and the Times Square Ball would drop several times a day throughout the year. The
Durst Organization, which owned the neighboring 4 Times Square, sued the city's DOB in July 2022, claiming that the scaffolding around One Times Square would attract crime while worsening congestion on the sidewalk. The renovated tower
topped out on December 7, 2023, and by August 2025, it was expected to open later on December 31, 2025.
New York YIMBY reported that the renovation project was finished by January 2026. == Architecture ==