Witkoff: 20 Times Square was delayed by site complications

Developer had to consult with MTA before moving project forward

TRD New York /
Aug.August 09, 2016 10:45 AM

In 2012, the Witkoff Group announced it would build a new hotel at Times Square, but it took four years for the development to really begin taking shape.

That’s because excavation at 20 Times Square found that old footings — the bottommost part of a foundation wall — at the site were “attached to nothing” and “literally floating free,” Steve Witkoff TRData LogoTINY told the New York Post. Before he could add support to the site, Witkoff needed to consult with the MTA, since the N, R and Q lines run directly beneath the property. The developer, whose firm is now called Witkoff, said this added another eight or nine months to the development schedule.

Witkoff, along with Howard Lorber’s Vector Group, Ian Schrager, Winthrop Realty Trust and Maefield Development are developing a 39-story project at the site, which will include a Marriott Edition hotel with 452 rooms and 76,000 square feet of retail space.

The Real Deal reported in May that the National Football League plans to take 25,000 square feet of space at the project. Hershey Company is also going to open a new flagship store at the base of the hotel, a space that will triple its current Times Square presence. [NYP] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
Ian Schrager, 20 Times Square and Maefield Development’s Mark Siffin (Credit: Getty, PBDW Architects)

Times Square Edition to close after only a year

Times Square Edition to close after only a year
TRD Talks Live

Watch major NYC developers tonight on TRD TALKS LIVE

Watch major NYC developers tonight on TRD TALKS LIVE
From left: Colgate chairman Ian Cook and 1115 Fifth Avenue and 912 Fifth Avenue (Credit: Cuny, StreetEasy)

He sold enough toothpaste to buy this tony Carnegie Hill pad

He sold enough toothpaste to buy this tony Carnegie Hill pad
Steve Witkoff and the property at 2805 Lake Avenue

Developer Steve Witkoff revealed as buyer of Sunset Islands home

Developer Steve Witkoff revealed as buyer of Sunset Islands home
Steve Witkoff and 150 Charles Street

Steven Witkoff gets $33M for his penthouse at a West Village building he developed

Steven Witkoff gets $33M for his penthouse at a West Village building he developed
The fifth floor and exterior of 420 Fifth Avenue with Rudder Property Group's Michael Heller (left) and Michael Rudder (Credit: Rudder Property Group)

Witkoff sells two commercial condos at
420 Fifth for $52M

Witkoff sells two commercial condos at
420 Fifth for $52M
Schrager, Witkoff snag $173M refinancing of Public hotel

Schrager, Witkoff snag $173M refinancing
of Public hotel

Schrager, Witkoff snag $173M refinancing
of Public hotel
“I can’t do anything in this town today”: Steve Witkoff is fed up with New York development costs

“I can’t do anything in this town today”: Steve Witkoff is fed up with New York development costs

“I can’t do anything in this town today”: Steve Witkoff is fed up with New York development costs
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...