The high demand does have a downside, in that it pushes office rents upward. The first phase of the mega-project is officially complete, and numerous big-ticket names have already joined the office tenant roster at the glossy towers of Hudson Yards. The $20 billion project spearheaded by Related Companies and Oxford Properties will ultimately feature more than a dozen office and residential skyscrapers, public spaces and cultural venues, and is expected to bring more than 57,000 jobs to the neighborhood. Hudson Yards, the biggest private real estate development ever undertaken in the U.S., has managed to become, in the span of a few years, the most sought-after business district in Manhattan, and it’s only halfway complete. The search for new building opportunities has led developers to the Far West Side of Manhattan, where a neglected industrial district has been transformed into the new business epicenter of New York City. As for the big players, the established corporations that have been present in the city for decades, the need to attract and retain young professionals has led them to rethink how, and more importantly where they operate their business. The exorbitant office rents commanded in areas like the Plaza District or Park Avenue also tend to drive away startups and young businesses looking for room to grow, and these startups end up with offices in coworking hubs like WeWork, which is now the biggest office tenant in the city. It turns out that owning a Manhattan landmark isn’t as enticing–or as profitable–as it used to be. Many were shocked at the $150 million sale of the iconic Chrysler Building earlier this year. The old limestone buildings lining the streets and avenues of Midtown Manhattan don’t quite match the needs of these fast-growing companies and their young, tech-savvy workforce. 25 Columbus Circle also includes rental units in 2018, Anthony Bourdain’s 64th-floor two-bedroom apartment hit the market, two months after the chef’s death, with a rental rate of $14,200 per month.The success of tech companies like Google, Apple, Facebook or Amazon has caused a major shift in the real estate industry. Two-bedroom apartments start at $9.95 million, while the largest units, featuring six bedrooms, have asking prices of $75 million. Consequently, prices are also on the steep side. Condominiums feature a plethora of state-of-the-art amenities. The excellent location, luxury amenities, and a wide range of on-site shopping and dining make the Time Warner Center at 25 Columbus Circle a coveted residential address. ![]() ![]() How much does it cost to live at 25 Columbus Circle? Residents also have access to the 1, A, B, C, D, E, F, M, N, Q, R, and W lines via nearby stations. ![]() The Time Warner Center is conveniently located right at the entrance to Central Park, offering easy access to high-end retail, fine dining, and entertainment venues. Those living in the South Tower also have exclusive access to the Mandarin’s spa and fitness center. The 51sth floor houses Club 51, which features a landscaped terrace, a fitness center, a media room, and entertainment space, exclusive to residents. The two towers are connected by a bridge-like atrium.Īt 25 Columbus Circle, residences start on the 52nd floor and continue through the 80th floor. Related’s project consists of the South Tower at 25 Columbus Circle, which features luxury condominiums, and the North Tower at 80 Columbus Circle, which houses the Mandarin Oriental Hotel and its luxurious suites. A 1,200-seat theater for Jazz at Lincoln Center is also incorporated within the Time Warner Center complex. The two 80-story towers house luxury residences, as well as commercial space, including the headquarters for Time Warner and CNN, high-class restaurants, and a Whole Foods Market grocery store. The twin towers that make up the Time Warner Center in Manhattan’s Lincoln Square neighborhood were completed in 2004 by Related Companies, boasting a design by David Childs of Skidmore, Owings & Merrill.
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