is trapezoidal and covers . The full-block site has a frontage of to the west, to the south, to the east, and to the north. The shape of the site arises from Broadway's diagonal alignment relative to the Manhattan street grid. The building's address was originally 1475 Broadway, but it was changed to 1 Times Square in 1966. The current address is a vanity address assigned by the government of New York City. The addresses around Times Square are not assigned in any particular order; for example, 2 Times Square is several blocks away from 1 Times Square. Nearby buildings include 1501 Broadway to the north, 1500 Broadway to the northeast, 4 Times Square to the east, The Knickerbocker Hotel to the southeast, the Times Square Tower to the south, 5 Times Square to the southwest, and 3 Times Square to the west. An entrance to the New York City Subway's Times Square–42nd Street station, served by the , is directly adjacent to the building. There is also an entrance to the 42nd Street–Bryant Park/Fifth Avenue station, served by the , less than a block east. Prior to the construction of what is now One Times Square, the northern end of the site had been part of the estate of Amos R. Eno, which had sold the site in 1901 to the Subway Realty Company. The southern end contained the Pabst Hotel, which had been built on land leased from Charles Thorley. The southeast corner of the building originally contained a plaque containing Thorley's name, as he had required that his name be placed on any building that was constructed on the site. The New York Times Company bought the site in 1927, four years after Thorley died, but the plaques remained until 1963. History Times ownership Newspaper publisher Adolph Ochs purchased The New York Times in 1896. The paper was then headquartered at 41 Park Row in Lower Manhattan, within the city's Newspaper Row. The Times expanded greatly under Ochs's leadership, prompting him to acquire land for a new headquarters in Longacre Square. In August 1902, Ochs purchased the former Eno ground from the Subway Realty Company and obtained a long-term lease from Charles Thorley on the ground under the Pabst Hotel. At the time, the first line of the New York City Subway was being constructed through the site, spurring commercial growth in the surrounding neighborhood. In deciding