The upcoming relocations by Time Warner and spun-off Time Inc. spell a seismic shift in Manhattan’s center of real estate gravity as much as they mark a game-changer in the magazine publishing world.
The epochal moves to new homes west and south of Midtown — Time Warner to Related Cos.’ and Oxford Properties Group’s Hudson Yards, and Time Inc.’s to Brookfield Place downtown, negotiated for both tenants by Savills Studley's Mitchell Steir with Matt Barlow — will leave over 3 million square feet vacant at their old space.
Time Inc.’s exit from its historic home at Rockefeller Group’s 1271 Sixth Ave., aka the Time-Life Building, over the next few years will leave behind up to 1.9 million square feet...Time’s exit from midtown is an epic event
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