Reuters Breaks Ground For New 3XSQ Building

INDUSTRY EVENTS

NEW YORK--Reuters last week held a ceremonious 'ground breaking' event to mark the beginning of construction of the new Reuters building, at 3 Times Square in New York. The new building, which is scheduled for completion in early 2001, will become Reuters' new US headquarters. As such, the 30-story building, which will cost an estimated $360 million, will house 1,800 employees from seven Manhattan locations.

Reuters and its Instinet subsidiary will use 19 floors and 570,000 square feet out of

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