Time Warner Center New York, NY
Time Warner Center, one of New York’s most notable mixed-use developments, exemplifies the concept of a ‘city within a building’. Its twin glass-clad towers, joined at podium level, house an eclectic mix of uses including retail, CNN television studios, performance venues for Jazz @ Lincoln Center, offices, luxury hotel rooms, condominiums, parking, and direct subway access. The complex’s unique form responds directly to its prominent urban context. The void between the soaring towers helps visually restore the 59 th Street corridor, blocked since the 1950s, while the podium’s curving façade traces a traffic circle at Central Park’s southwest corner. The ground-level arcade of shops creates a transparent public room – an effect heightened by patterns in the marble floor the visually extend the sidewalk and street grid into the building through its glass façade.
Description The Time Warner Center is a mixed-use building complex in Columbus Circle, Manhattan, New York City. It was developed by The Related Companies and AREA Property Partners, and designed by David Childs and Mustafa Kemal Abadan of Skidmore, Owings & Merrill. The Time Warner Center consists of two 750 foot twin towers bridged by a multi-story atrium containing upscale retail shops. The complex also contains office and residential tenants. 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 2.8 million square feet is occupied by office space, including the offices of WarnerMedia (formerly 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. Deutsche Bank will replace WarnerMedia as the anchor tenant of the 1,100,000-square-foot office area beginning in 2021, at which time it will be renamed the Deutsche Bank Center.
Early History The redevelopment of the New York Coliseum site at Columbus Circle was first proposed in 1985. It 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 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 at the time of the attacks 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 — 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.
Recent History In January 2014, Time Warner sold its stake in the Columbus Circle building for $1.3 billion to Related Companies, the Abu Dhabi Investment Authority, and GIC Private Limited and formally announced it would move in early 2019 to 30 Hudson Yards, a development owned by Related. In May 2018, Deutsche Bank announced that it was leasing the entire 1,100,000-square-foot formerly occupied by Time Warner for 25 years, beginning in the third quarter of 2021. Following the news, Related Companies announced that the complex would be officially renamed the Deutsche Bank Center upon the company's arrival.
Facts The Time Warner Center has 55 floors. The top floor is labeled as the 77th floor. A multistory cable-net wall serves as the entrance to the atrium where the center's two 55-story towers intersect. Spanning 98 feet across and 160 feet 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. The building has an entrance to the 59th Street–Columbus Circle station of the New York City Subway near Columbus Circle's south end. In 2005, Jazz at Lincoln Center announced a partnership with XM Satellite Radio which gave XMstudio 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 to Studio 42 at the CBS Broadcast Center.