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Old September 3rd, 2011, 06:39 PM   #181
yankeesfan1000
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Where abouts in NY is this? Or what landmarks are nearby. Sorry I'm not from NY so I'll need it dumbing down haha is this lower manhattan?
Two blocks due west of Madison Square Garden and Penn Station. Or four blocks due west of the Empire State Building.
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Old September 4th, 2011, 12:21 AM   #182
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Thank you, I stayed right opposite Maddison square garden
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Old September 4th, 2011, 04:15 AM   #183
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In fact, MSG is reflected in the shorter, north tower.
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Old September 4th, 2011, 04:19 AM   #184
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Two blocks due west of Madison Square Garden and Penn Station. Or four blocks due west of the Empire State Building.


This is the nabe:

image hosted on flickr


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Old September 8th, 2011, 08:21 AM   #185
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I was at the site today, waiting for a bus back to Philly and that opening looks quite daunting indeed to span. That said, the existing building right next door has managed it, apparently with massive steel girders over the tracks and I guess Brookfield, and Related, next door at the Hudson Yards, should have a much easier time now with more advanced structural technology. Can't wait to see construction start on this project!
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Old September 28th, 2011, 04:03 AM   #186
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Brookfield, together with Related and Silverstein, clearly are courting Time Warner.

http://online.wsj.com/article/SB1000...LEFTTopStories

BY LAUREN A. E. SCHUKER
Time Warner Inc. is eyeing several new possibilities for its headquarters in Manhattan, from moving to the new World Trade Center to building a new tower on the West Side of Manhattan, as it undertakes a broader evaluation of its real estate situation in New York, according to people close to the situation.

The expiration of several high-profile leases later this decade prompted the media company, which owns Time Inc., HBO, CNN and Warner Bros., to conduct the analysis of the roughly 4 million square feet it occupies in Manhattan.

Some of those leases—including ones for more than 2 million ...
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Old September 28th, 2011, 04:14 AM   #187
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Time Warner is relocating a unit to Tampa so I really worry that if they choose another location in New York, that it will be as much space as they currently occupy. I hope is that it would be and that they'll not look for savings by only leasing what they absolutely need in New York. Then again, they could choose to consolidate in a building large enough for their present and future needs:

Quote:
From the same article as above:

Some of those leases—including ones for more than 2 million square feet of space in Midtown—are set to expire as soon as 2017 and 2018. Renewing them could be very costly since the market has appreciated sharply since Time Warner signed some of those leases. Rents in top midtown Manhattan buildings have risen by 78% over the past 15 years, according to brokerage Cassidy Turley.

The discussions come fewer than 10 years after Time Warner moved into its current headquarters overlooking Columbus Circle. It worked with Related Cos. to develop the Time Warner Center, in which it owns nearly a million square feet of office space. While the company is headquartered there, the rest of its New York operations are scattered across the city in 10 different buildings, all of which are leased. Among the options the company is currently weighing is a consolidation of all its New York operations into one space, according to people close to the situation, who cautioned none of the scenarios is close to final.

There aren't many buildings in Manhattan that could fit all of Time Warner's 6,000 New York-based employees, however, and most likely potential new buildings would be located downtown or on the far West Side of Manhattan. One option under consideration for months is Hudson Yards, Related Cos. $15 billion development on the far West Side. Brookfield Office Properties' development site on 9th Avenue and 33rd Street is another possibility in the same neighborhood. Downtown, including the World Financial Center and Larry Silverstein's towers at the World Trade Center, are both potential options.

Another scenario is to stay put, retaining headquarters space in the Time Warner Center and renewing the leases that are set to expire. That may prove costly, however, so another variation on that option would be to keep the company's headquarters and consolidate the other operations into a single space that could fit them, such as in the Time Life building at Rockefeller Center.

The company sent a memo to all New York-based employees late Tuesday afternoon flagging its initiative. "One of the key areas where we're working to improve the efficiency of our company is real estate," Time Warner Chief Executive Jeff Bewkes and Time Warner CFO John Martin wrote in the memo. "We are about to undertake an evaluation of our office footprint in the New York metropolitan area and develop a long-range plan to meet our future needs." Last year, Time Warner tapped brokerage firm Studley to help craft a strategy for its real estate portfolio.

Consolidating its operations into a single building or moving some parts of the company to less expensive neighborhoods in Manhattan could save Time Warner more than $100 million in the future. It's a move that other companies have made recently, too. Publishing giant Condé Nast agreed earlier this year to move from Times Square to be the main tenant in One World Trade Center, in what was viewed as a major boost for Lower Manhattan, which is struggling with higher vacancy than Midtown. Rents downtown are 31% lower than in Midtown, according to Cassidy Turley.

Time Warner is one of the city's largest tenants and among the top 20 companies that rent space in Manhattan, so any move could pose a significant shift in the local real-estate landscape. About a fifth of its 30,000 employees world-wide work out of New York, and the 15 buildings Time Warner occupies in the New York region comprise about 20% of its global real-estate portfolio.


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Old September 28th, 2011, 04:50 AM   #188
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TW clearly will anchor a very big, new tower! This is great news.
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Old September 28th, 2011, 05:28 AM   #189
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better be atleast 5000 ft tall
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Old September 28th, 2011, 06:38 AM   #190
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And if Time Warner company, leaving its current headquarters in the Time Warner Center, what will happen with this building?

This means that only the company will exit this building, right? And the building will lose the name "Time Warner"? The mall will remain intact?
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Old September 28th, 2011, 11:20 AM   #191
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Sears Tower was also renamed to Willis when Sears left and Willis moved in..Good question though..I doubt any of WTC towers will change name to Time Warner if they move there..
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Old September 28th, 2011, 12:38 PM   #192
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Sorry folks for a little off topic question but I recently hear a lot about companies thinking about Larry's WTC towers and my question is why do they not consider 1WTC too? Is Larry offering them a smaller price or better conditions than the PA?
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Old September 28th, 2011, 01:58 PM   #193
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And if Time Warner company, leaving its current headquarters in the Time Warner Center, what will happen with this building?

This means that only the company will exit this building, right? And the building will lose the name "Time Warner"? The mall will remain intact?
Nothing will happen to the building. A new tenant will move into the office space.
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Old September 28th, 2011, 08:38 PM   #194
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Hmm... Good.
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Old September 28th, 2011, 08:45 PM   #195
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Sears Tower was also renamed to Willis when Sears left and Willis moved in..Good question though..I doubt any of WTC towers will change name to Time Warner if they move there..
Sears moved out of the Sears Tower in 1995. All they had was the naming rights to that building. And I thought Time Warner still owns their headquarters.
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Old September 28th, 2011, 11:04 PM   #196
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So what is the story with these buildings...Have they actually been approved yet? And does anyone know when 15 Penn Plaza will start (or IF it will start)
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Old September 29th, 2011, 12:14 AM   #197
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Sears moved out of the Sears Tower in 1995. All they had was the naming rights to that building. And I thought Time Warner still owns their headquarters.
Sears built the tower as its headquarters, but sold it off in the mid 90's. It still retained the naming rights for another decade or so afterwards. It wasn't until Willis Insurance purchased the rights themselves that the name was changed.
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Old September 29th, 2011, 05:13 PM   #198
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So what is the story with these buildings...Have they actually been approved yet? And does anyone know when 15 Penn Plaza will start (or IF it will start)
These buildings are good to go and don't need any further approvals, and they're starting preliminary construction in January, and are looking for tenants. Once these and 15 Penn and the Hudson Yards get tenants they'll start construction on the towers themselves.

As was posted in the Hudson Yards thread, there are at least 9 companies looking for at least 1M sf so these towers will get tenants in the near future I would guess.
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Old September 29th, 2011, 10:07 PM   #199
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Sears built the tower as its headquarters, but sold it off in the mid 90's. It still retained the naming rights for another decade or so afterwards. It wasn't until Willis Insurance purchased the rights themselves that the name was changed.
Yeah I said that. Just not in as many words. And Willis didn't purchased the naming rights, it was giving to them for free lol.
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Old September 29th, 2011, 11:14 PM   #200
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And if Time Warner company, leaving its current headquarters in the Time Warner Center, what will happen with this building?

This means that only the company will exit this building, right? And the building will lose the name "Time Warner"? The mall will remain intact?
Time Warner Center's mix used so it won't be a problem. There's condos and of course the Mandarin Oriental.
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