Completed in 2011, Eleven Times Square was developed by New York City-based SJP Properties in partnership with Prudential Real Estate Investors,[5] and was designed by architect Dan Kaplan of FXFOWLE.

[citation needed] 11 Times Square's lobby features a kinetic mobile installation designed by artist Tim Prentice.

In addition, it has direct access to the New York City Subway, with an entrance to the Times Square–42nd Street and 42nd Street–Port Authority Bus Terminal stations (1, ​2, ​3​, 7, <7>​​, ​A​, ​C​, ​E​, N, ​Q, ​R, ​W​, and S trains) inside the lot line.

Before opening, the National Basketball Association, law firm Morrison & Foerster, and Buffalo Wild Wings had considered leasing space in the building but ultimately declined.

[15] In 2017, the retail space was leased to Spanish company Parques Reunidos,[16][17] which planned to open a Lionsgate Entertainment Palace before withdrawing in June 2019.