The 33-story Landmark building features a clock face and is located in the middle of the Times Square submarket.
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Built in 1926, the pyramid-shaped monument was home to the 3600-seat Paramount Theatre until 1964.
Other prominent office buildings have been developed around the Paramount building in recent years such as the New York Time Building, Five Times Square, and Seven Times Square.
Broadway is the main street that passes through Times square, where the core of the city's Theatre District is located.