Bando E&C Buys Part of Symbolic NY Times Square Building | Be Korea-savvy

Bando E&C Buys Part of Symbolic NY Times Square Building


This photo provided by Bando E&C on July 18, 2024, shows the 2 Times Square building in New York. The company said it has purchased the section from the basement level to the second floor for about US$100 million. (Image courtesy of Yonhap)

This photo provided by Bando E&C on July 18, 2024, shows the 2 Times Square building in New York. The company said it has purchased the section from the basement level to the second floor for about US$100 million. (Image courtesy of Yonhap)

SEOUL, Jul. 18 (Korea Bizwire)South Korea’s Bando Engineering & Construction (E&C) Co. said Thursday it has purchased part of a building in the commercial district of New York that is widely considered a landmark of the major U.S. city.

Bando E&C said it has purchased the section from the basement level to the second floor of the 2 Times Square building on Broadway in Manhattan, New York, for about US$100 million.

The approximately 2,380 square meters of real estate Bando E&C has purchased serves as a retail mall complex of the 25-floor building.

Located at the intersection of Broadway and 7th Avenue, the building is widely known for its flashy electronic billboard advertisements.

Samsung Electronics Co. and The Coca-Cola Co. have been advertising on the electronic billboards on the exterior walls of this building for decades, and it is considered a key tourist destination in New York, having appeared in various Hollywood movies.

Bando E&C said it plans to introduce K-content, K-food and other Korean cultural elements at the retail mall, targeting over some 130 million annual visitors to the mall.

(Yonhap)

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