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Time Warner Near Closing On Hudson Yards

NEW YORK CITY-The company would move from its space in Related Cos. iconic Time Warner Center into another project by the developer.

By Rayna Katz | Updated on January 15, 2014

NEW YORK CITY-After it reached a tentative deal with Related Cos. last summer, Time Warner is reportedly close to finalizing a transaction that would move the company’s headquarters from its eponymous location at Columbus Circle to Hudson Yards, according to the Wall Street Journal.

Under the terms of the deal—which could close as early as Thursday and would be the first billion-dollar-plus transaction of the year—Time Warner would acquire more than half the space in the 2.4-million-square-foot Hudson Yards complex, at Tenth Avenue and 33rd street, from Related, the project’s developer.  Time Inc., would move its executive offices to the new tower along with the offices of its HBO, Turner Networks, CNN and Warner Brothers offices.

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