The Real Deal New York

Time Inc. in talks for 2 Brookfield Place

Publisher eyeing 650,000 square feet in building in Battery Park City

March 21, 2014 11:33AM

  • Print
brookfield-time

Brookfield Place and Time’s Joe Ripp

Time Inc. is in discussions to sign a lease at the office building at 2 Brookfield Place, also known as 225 Liberty Street, in Battery Park City.

The publishing giant behind Sports Illustrated, Entertainment Weekly and the namesake magazine is among several media companies heading Downtown. The Village Voice, American Media and Condé Nast are among those that have already made the move. 

If the deal is finalized, Time Inc., currently based at Rockefeller Center in Midtown, would occupy a 44-story tower owned by Bank of America. The lease would be for 650,000 square feet – almost one-fourth of its current space. A Time Inc. spokesperson said a final decision has not been made yet.

“There is a new vibrancy and an old logic to Lower Manhattan,” Jessica Lappin of the Alliance for Downtown New York told the New York Times. “There isn’t a better connected part of the city when it comes to transportation, access to the waterfront and the growing food and retail revolution going on down here.” [NYT]Mark Maurer

MENU