The complex, owned by Wharf Properties Limited, part of The Wharf (Holdings) Limited group, was opened in April 1994.
Times Square is considered the first of its kind, the first "vertical mall" in Hong Kong. Due to the high land price in Hong Kong, and the higher yield on retail property, Times Square departs fr om the common western model of the flat shopping mall. The space allocated to retail is configured over 9 storeys. The mall and lifts to the office tower are accessible by long escalators linking the ground floor podium and the first level of the mall.
The Secretary for Justice, filed a writ in the High Court on behalf of the Government against Times Square Ltd and its parent company Wharf Group, seeking to recover rental fees of as much as HK$124,000 a day for use of the Causeway Bay piazza dating back to 1993. Commentators describe it as a landmark lawsuit which may have significant implications for other property owners if it is successful.
The company believes that it has not charged more than what is allowed in the deed, but welcomed the case saying it would ultimately provide for guidance on the proper interpretation of the relevant clauses in the deed of dedication concerned.
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Times Square is served by the MTR's Causeway Bay station. There is an underground passage which directly links the building, and an exit, coined "A1" opens into the ground floor podium level.
It is also accessible by tram in the direction to Happy Valley or Shau Kei Wan.
Minibus 40 heading towards Stanley.
The Times Square Marketplace Mall was featured in the 2003 film Lara Croft Tomb Raider: The Cradle of Life wh ere a department store that is marked as 'closed for renovation' is secretly hiding a biological weapons production plant.
New Year celebrations
Mirroring its namesake in New York City, the plaza in front of the building is one of two main gathering points, along with the harbour, for Western New Year celebrations in Hong Kong. In the hours leading up to 00:00, the area is packed with revellers waiting for the midnight countdown.