Times Square is about to get a little brighter with an architectural update by FXCollaborative.

The Thomson Reuters Building, also known as 3 Times Square, is undergoing a handful of changes in hopes of attracting some big names tenants as several of its current occupants — including the Bank of Montreal and FTI Consulting — move on. 

As The Post first reports, the majority stakeholder, the Rudin family, will “gently tweak” the 30-story tower, adding a glowing glass-walled, triple-height lobby and a slew of new amenities on its upper floors, including a new dining area overlooking Times Square, an events and conference center for up to 220 people, and a modern fitness center and a spa. 

​The update ​will also see the addition of touchless entry​, a dispatch elevator system​,​ and a new HEPA​ ​filtration system with a minimum efficiency reporting value, or MERV, rating of 15 — all features Rudin believes will be in demand in the post-pandemic world.



"The redevelopment of 3 Times Square is a clear commitment to the future of our city," said Michael Rudin, senior vice president of Rudin Management Co., the operating arm of Rudin Family Holdings, in a statement.

The Rudin family hopes the $25 million's worth of updates will give the tower a leg up in a challenging Manhattan office market that continues to show historically high vacancy rates hovering around 15 percent. Times Square has fared even worse with a Q1 availability rate of 28 percent, according to a Newmark commercial report.


More than 20 years ago, FXCollaborative, then known as Fox & Fowle Architects, designed 3 Times Square for Reuters (which still holds a stake and space in the tower). At the time it was considered one of the most advanced buildings ever constructed in the city.

Now, even as decades have passed, the 885,000-square-foot tower has retained much of its state-of-the-art status thanks to its generous column-free floorplates (ranging from 28,000 square feet to 35,000 square feet), soaring ceiling heights, and private outdoor terraces.

In light of the revamp, Rudin's asking rents will be in the low $70s per square foot on the base floors and in the mid-$80s on the upper floors. Cushman & Wakefield is handling marketing.