New York Times Building vs Scotia Plaza

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The New York Times Building is a skyscraper in 620 Eighth Avenue, on the west side of Midtown Manhattan, New York City.

Its chief tenant is The New York Times Company, publisher of The New York Times along with the International New York Times, and other papers. The building is 1,046 ft (318.8 m) tall to its pinnacle, with a roof height of 748 ft (228 m), and comprises 52 stories. The building was erected from 2003 to 2007 as the Times' headquarters at a cost of $850 million.



The structure was designed by Renzo Piano Building Workshop in association with FXFOWLE Architects. Construction was undertaken by a joint venture of The New York Times Company, Forest City Ratner (Forest City Enterprises's New York subsidiary), and ING Real Estate. As of 2018, The New York Times Building is connected together with the Chrysler Building as the eleventh-tallest construction in the city.

Source: Wikipedia

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Scotia Plaza is a commercial office complex in the city of Toronto, Ontario, Canada. It is in the financial district of the downtown core bordered by Yonge Street on the east, King Street West on the south, Bay Street on the west, and Adelaide Street West on the northwest. At 275 m (902 ft), Scotia Plaza is Canada's third tallest skyscraper and the 22nd tallest building in North America. It is on the PATH network, also contains 190,000 m2 (2,045,143 sq feet ) of office space on 68 flooring and 40 retail stores. Olympia and York developed the complex as an expansion of the adjoining headquarters of Scotiabank and the bank continues to occupy approximately 24 floors of the structure. Olympia and York owned the complex from its completion until the business was liquidated due to overwhelming debt in 1993. Scotiabank led a consortium of banks to buy the mortgage for Scotia Plaza and within the next five years, it bought additional shares from its partners before it was the property's majority owner.On January 19, 2012, Scotiabank announced it would sell the iconic building and on May 22, announced a final agreement with Dundee Real Estate Investment Trust (now Dream Office REIT) and H&R Real Estate Investment Trust for $1.27 billion, making it the last of Canada's leading banks to divest ownership of its Toronto headquarters land. In 2016, H&R and Dream sold 50% of the construction to KingSett Capital and AIMCo; in 2017, Dream sold its remaining 50% stake in 2017 to the same two companies.

Source: Wikipedia