Square Feet: In Former New York Telephone Tower, Sabey Corp. Plans Data Centers
The New York Telephone Company building at the foot of the Brooklyn Bridge is not among the city’s most loved, to put it charitably. It was built in 1975 as a switching control center for the phone company but has been largely vacant for years, despite the large “Verizon” sign that adorns its forbidding facade. Come this fall, while the building may look much the same on the outside, on the inside it will be pulsing with thousands of terabytes of data. The Sabey Corporation, a developer and operator of data centers based in Seattle, acquired the condominium that makes up a majority of the building for $120 million last year with a minority partner, the developer Youngwoo & Associates. (Verizon will continue to occupy and own three of the 32 floors.)
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