Time Warner Center
The New Coliseum project was designed by David Childs of Skidmore, Owings & Merrill and developed by the Related Companies LP and Apollo Real Estate Advisors, LP, the $1.6 billion block will house 232,300 m² of space. The 750 feet, twin-towered multi-use complex, named Columbus Centre (or AOL Time Warner Center), will house the AOL Time Warner World Headquarters, a 250-room/suite luxury hotel (the Mandarin Oriental, New York) spaces for retail, entertainment, restaurants and offices, 225 luxury apartments, as well as CNN live broadcast production studios and a 12,500 m² concert hall for the use of Jazz at Lincoln Center.
Time Warner will house and own one-third of the complex. The incorporated hotel will have the "first" floor of its public areas located over 75 meters above ground and feature a spa and a health club. A 500 m² ballroom will overlook Central Park. The cost for the hotel is estimated as $200 million. The building plot was purchased from the Metropolitan Transport Authority for $357 million.