Spec $1.1B-Tower's Concrete Core Tops Out

[IMGCAP(1)] NEW YORK CITY-Parsippany, NJ-based SJP Properties has revealed that the 600-foot high concrete core at 11 Times Square , the 1.1-million-sf commercial and retail tower, is topped out and completed ahead of schedule. A company spokeswoman tells GlobeSt.com that construction remains on schedule to be completed for tenant occupancy in 2010.

The company spokeswoman tells GlobeSt.com that tenant interest remains strong; however she could not provide further information as far as specific plans for the tenant roster for the building, which is said to be the largest speculative development under construction in midtown Manhattan. “The next milestone for the building will be the steel topping out, expected in early November,” she explains.

[IMGCAP(2)]Construction of the concrete core, which serves as the lateral load-resisting frame of the structure, began in November of 2007. The core is being built ahead of the steel framing that it will adjoin and according to a company release, 11 Times Square is the first building in New York City with the concrete core to be completed before the steel frame. The 7,000 tons of structural steel that were delivered in early April are also rising on the site and the structure is completed on the north and south sides of the tower up to the 36th floor.