Time Warner to move to Related’s second Hudson Yards tower

TRD New York /
Jul.July 01, 2013 05:30 PM

Time Warner has a tentative deal to move into the Related Companies’ 80-story skyscraper planned for the rail yards at 10th Avenue and West 33rd Street, capping weeks of speculation about the media company’s move to Hudson Yards, the New York Times reported.

Company directors expect to approve a deal to sell its current space — the 1.1 million square feet at its namesake towers on Columbus Circle — to Related, which developed the Time Warner Center, real estate executives told the Times.

Time Warner would lease its Columbus Circle space for about five years, or until the new tower is completed, according to the agreement.

“They’ve found a new home and they found a winner for the old home,” one executive who had been briefed on the Time Warner deal but was not authorized to discuss it, told the Times.

The Eastdil Secured duo who had been marketing the Time Warner Center – Doug Harmon and Adam Spies – did not return the Times’ calls requesting comment.

The move to Hudson Yards is one that city officials and retail executives hope will boost the area in the same way the company’s move to Columbus Circle transformed that neighborhood in the 1990s. [NYT]Julie Strickland


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)

Related is the latest developer to target the Rockaways

Related is the latest developer to target the Rockaways
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Related’s Jeff Blau, 1085 Colgate Avenue and 1050 Wheeler Avenue (Getty, Google Maps)

Related sells two more pieces of vast Bronx multifamily portfolio

Related sells two more pieces of vast Bronx multifamily portfolio
Related chairman Stephen Ross and Related Companies Portfolio CEO Richard O’Toole withBronx Terminal Market and Time Warner Center (Getty, Google Maps, Wikipedia)

Related lays out $200M debt settlement plan for Tel Aviv bondholders

Related lays out $200M debt settlement plan for Tel Aviv bondholders
Facebook CEO Mark Zuckerberg and Neiman Marcus at Hudson Yards (Getty)

Facebook eyes Neiman Marcus’ Hudson Yards shop

Facebook eyes Neiman Marcus’ Hudson Yards shop
Stephen Ross and Hudson Yards (Getty, iStock)

Related halts payments to Hudson Yards EB-5 investors

Related halts payments to Hudson Yards EB-5 investors
Neiman Marcus at Hudson Yards (Getty, iStock)

Related marketing Neiman’s Hudson Yards store as office

Related marketing Neiman’s Hudson Yards store as office
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...