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Doors Open at Time Warner Center Retail

NEW YORK CITY-The $1.7-billion project developed by Columbus Circle Centre LLC, a partnership consisting of the Related Cos. LP and Apollo Real Estate Advisors LP, opens to the public today, capping off a project that began in 2000.

By Melissa Kress | Updated on February 05, 2004

NEW YORK CITY-After years of developments–and a few minor setbacks–the Time Warner Center at 10 Columbus Circle previewed its retail portion in a coming-out party Wednesday night. The Shops at Columbus Circle and the Restaurant Collection opened to the public this morning.

Hosted by the Related Cos., Time Warner and Apollo Real Estate, the event showcased the multi-level retail and restaurant portion of the 2.8-million-sf development, which carried a total price tag of approximately $1.7 billion. Taking space at the 55-story skyscraper are major retailers such as Coach, Williams Sonoma, Hugo Boss, Sephora and Tourneau. The restaurants include Thomas Keller’s Per Se, Gray Kunz’s Café Gray and Rande Gerber’s Stone Lounge. The project was developed by Columbus Circle Centre LLC, a partnership consisting of the Related Cos. LP and Apollo Real Estate Advisors LP.

“We are thrilled to open the doors to the Time Warner Center and to celebrate its emergence as New York City’s new landmark for the 21st Century,” says Stephen M. Ross, chairman and CEO of Related. “Located in one of Manhattan’s most prominent locations, Columbus Circle, this development offers unparalleled Central Park views combined with a dynamic mix of commercial, residential, retail and entertainment components.”

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