The Too-Successful Public Space

<p>This article form <em>The New York Times</em> looks at the success of Times Square and talks with real estate experts about whether this success is really such a good thing.</p>
January 10, 2008, 2pm PST | Nate Berg
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"As a resident of the area, Robert L. Sammons, who lives on 42nd Street between Ninth and 10th Avenues, might be expected to stew about this sea of humanity. But he also happens to work in the field of commercial real estate in a position of some visibility, and in this capacity he raises a question about the health of Times Square: Could it become a victim of its own success?"

"A poll conducted by a group of local businesses, called the Times Square Alliance, found that of 2,350 Times Square workers who were asked for the top reasons they would consider working elsewhere, 68 percent cited congestion."

"But it is rare for those in the real estate industry to question the success of the area, which is generally defined as the blocks along Broadway, Seventh and Eighth Avenues from 42nd to 48th Streets. About six million square feet of commercial space was added to Times Square from 1996 to 2003; the total is about 32.7 million square feet. About 13.7 million more square feet is projected to be developed by 2020."

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Published on Thursday, January 10, 2008 in The New York Times
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