Time Warner Center - Time Warner Building New York

Sunday, April 15, 2018

Time Warner Center - Time Warner Building New York

Oleh Gloria Jennifer Magda - April 15, 2018 -

Time Warner Center is a mixed use (office/commercial and residential) twin-tower building in New York City. Developed by The Related Companies and AREA Property Partners (formerly known as Apollo Real Estate Advisors), its design by David Childs and Mustafa Kemal Abadan of Skidmore, Owings & Merrill, consists of two 750 feet (230Â m) twin towers bridged by a multi-story atrium containing upscale retail shops. Construction began in November 2000, following the demolition of the New York Coliseum, and a topping-out ceremony was held on February 27, 2003. The property had the highest-listed market value in New York City, $1.1 billion, in 2006.

Originally constructed as the AOL Time Warner Center, the building encircles the western side of Columbus Circle and straddles the border between Midtown and the Upper West Side. The total floor area of 2.8Â million square feet (260,000Â m²) is occupied by office space (notably the offices of Time Warner and an R&D Center for VMware), residential condominiums, and the Mandarin Oriental, New York hotel. The Shops at Columbus Circle is an upscale shopping mall located in a curving arcade at the base of the building, with a large Whole Foods Market grocery store on the lower level.

History

Columbus Circle, Lincoln Center, Time Warner Center, New York - "Along Broadway" Video Tours - Dedicated to Columbus Circle, this episode of the "All Along Broadway" video tours of New York city is the last one of the series. Make sure to check out the other episodes: "Wall street"...

Construction was delayed for nearly 15 years after Mortimer Zuckerman's Boston Properties initially won a bidding contest to buy the property from the New York Coliseum's owners, the Metropolitan Transportation Authority. The company proposed to construct a headquarters for Salomon Brothers on the 4.5-acre (18,000Â m²) Coliseum site. Opponents of the project were concerned it would cast a shadow on Central Park. In 1988, the sale was nullified and Salomon Brothers withdrew from the project. New York City and Boston Properties renegotiated the deal to call for a 52-story structure designed by David Childs at a reduced price of $357 million.

The plan still languished until 1998 when the Coliseum site was sold to Time Warner and The Related Companies for $345 million. The Coliseum was demolished in 2000. The Time Warner Center was the first major building to be completed in Manhattan after the September 11 attacks, although it was already under construction in 2001. While some New Yorkers noted the uncanny resemblance of the Time Warner Center to the fallen Twin Towers, the building's developer refuted any intentional similarity. It was opened in phases in 2003.

The Sunshine Group was in charge of marketing the building. Sandie N. Tillotson bought the top floor of the then uncompleted north tower for $30 million shortly after the September 11 attacks â€" a record for a condominium at the time. That sale would be eclipsed in 2003 when Mexican financier David Martinez paid $54.7 million for a penthouse condo, then a record for New York residential sales.

In January 2014, Time Warner sold its stake in the Columbus Circle building for $1.3 billion to Related Companies and two wealth management funds and formally announced it would move in late 2018 to 30 Hudson Yards, a development owned by Related.

Design

File:Time Warner Center by David Shankbone.jpg - Wikimedia Commons. Source : commons.wikimedia.org

The Center, which now has 55 floors, advertises the building as having 77 levels.

A multistory cable-net wall serves as the entrance to the atrium where the center's two 55-story towers intersect. Spanning 98 feet (30Â m) across and 160 feet (50Â m) high, the cable structure was the largest in North America at the time of its completion.

The building has several street addresses, including 10 Columbus Circle for offices, 25 Columbus Circle for the south tower that was named "One Central Park" and 80 Columbus Circle for The Residences at Mandarin Oriental. The address One Central Park West, meanwhile, belongs to the Trump International Hotel and Tower across Broadway. Upon the completion of the Time Warner Center, Trump made a "little joke" at the Time Warner Centerâ€™s expense by hanging a large sign on his building gloating, "Your views arenâ€™t so great, are they? We have the real Central Park views and address."

The building has an entrance to the 59th Street â€" Columbus Circle station of the New York City Subway near Columbus Circle's south end.

Tenants

Time Warner Center, Columbus Circle, New York Stock Photo .... Source : www.alamy.com

The center has ground floor tenants including designer shops and restaurants. On February 5, 2004, Whole Foods Market opened its 68,000 square feet (6,300Â m²) Columbus Circle store in the Time Warner Center. In 2005, the wine shop in the store closed after the store pleaded no contest to state charges of illegal operation. Whole Foods planned to replace the center with an expanded coffee bar, a gelato counter, and additional checkout lines. Upper floors include the restaurants Masa, Per Se and Porter House New York.

The complex is also home to three entertainment areas. CNN's studios in the Time Warner Center, are one of the network's three primary broadcast sites (along with facilities in Washington, D.C. and Los Angeles). Shows which originate from the New York facility include Anderson Cooper 360Â° and Erin Burnett OutFront. CNN's Jeanne Moos, known for her offbeat "man on the street" reporting, frequently accosts her interview subjects just outside the building. In 2005, Jazz at Lincoln Center announced a partnership with XM Satellite Radio which gave XM studio space at Frederick P. Rose Hall to broadcast both daily jazz programming and special events such as the Artist Confidential show featuring Carlos Santana. Anderson Cooper's daytime talk show, Anderson recorded in Jazz at Lincoln Center's The Allen Room for a year before moving elsewhere.