Toys “R” Us plans to vacate its signature 100,000-square-foot space in Times Square — Ferris wheel and all — by 2016, Crain’s reported. [more]
Posts Tagged ‘Marriott Marquis Times Square’
Updated, 4:45 p.m., Feb. 12: City Comptroller John Liu is claiming that a 1998 lease agreement between the city and the Marriott Marquis Hotel in Times Square was a terrible move that could cost taxpayers $344 million, in a recently released audit of the deal, the New York Daily News reported. And he is calling on the Mayor’s Office to take a second look at it. [more]
Continuing its Manhattan retail play, Vornado Realty Trust has signed a 20-year lease for the retail space underneath the Marriott Marquis Times Square hotel, Host Hotels & Resorts, the hotel’s owner, announced today.
The trust will spend as much as $140 million to expand the space, at 1535 Broadway, convert the underground parking lot into additional selling space, and create a six-story, 300-foot-long LED sign. [more]