Time Warner Center, New York City's iconic mixed-use property developed by Related Companies and Apollo Real Estate Advisors, L.P., which houses the world headquarters for Time Warner Inc. and boasts 80 floors of additional office space, luxury dining, shopping, entertainment and residences, was recently named the 2008 International winner of The Office Building of the Year (TOBY) Award in the "Over 1 Million Square Feet" category by Building Owners and Managers Association (BOMA) International.
This marks the first time in the history of the BOMA Awards that an office building in New York has won the highly coveted International award in this category. The BOMA award was created in 1985 to salute excellence in the office building industry. Nearly 25 years later, it remains the single most prestigious and comprehensive distinction of its kind in commercial real estate, recognizing quality in office buildings and excellence in office building management. Buildings are judged on criteria that includes tenant relations and community impact. Receiving the Mid-Atlantic award qualified Time Warner Center for the international competition where it bested five other finalists for the top award.
"Time Warner Center is proud to have achieved this unprecedented and well deserved recognition for New York City from the international building community," said Jeffrey I. Brodsky, President of Related Management, Related Companies. "This award celebrates Related's commitment to excellence, creating and operating superior developments and maximizing benefits for its owners, guests, communities, employees and partners."
In addition to winning the 2008 International and Mid-Atlantic TOBY's, Time Warner Center has also received the 2007 Pinnacle Award for Operating over 1 Million Square Feet, BOMA/NY; and 2005's Top Award for Mixed-Use Projects, Urban Land Institute.
The Related Companies was recognized in 2007 with The 21st Annual Honor Award for architecture and design excellence, commitment to affordable housing and legacy of innovative business strategies by the National Building Museum; The Inc. 5000 Fastest Growing Private Companies in America, Inc. magazine; and The Alexander Hamilton Bronze Award For Excellence in Cash Management, Treasury and Risk Management magazine.
Additional Related awards include the 2006 Developer of the Year, Greater Los Angeles African-American Chamber of Commerce and California Housing Hall of Fame, California Housing Consortium for Related California; 2003 Regional Retail New Construction Award, Brooklyn Chamber of Commerce, The Gateway Center; and the 2002 Award for Excellence, Urban Land Institute, CityPlace to name a few. Related Companies' Related Urban division is currently near completion of Phase One of CityCenter of CityNorth, the 76-acre mixed-use portion of the 144-acre CityNorth development in the Northeast Valley of Phoenix. CityCenter of CityNorth, is envisioned to be the urban core of the Northeast Valley of Phoenix. At completion, CityCenter of CityNorth will offer more than 3 million square feet of vibrant shopping, dining, residential, hotel, office and medical suite space, creating a unique urban village or "city within a city."
And The Grand, its current project in Los Angeles, will transform downtown Los Angeles into a true 24 hour, all-access destination. This three-phased, 3.6 million square foot urban mixed-use project encompasses nine acres spanning three city blocks and the revitalization of the adjacent 16 acre Civic Park. The first phase, designed by distinguished architect Frank Gehry, consists of an open air plaza surrounded by a vibrant mix of vertically-integrated street-front and upper-level shops, restaurants with landscaped terraces, a gourmet market, one the world's finest hotels, a 38,000 square foot luxury health club and 488 residences overlooking the city skyline.
Time Warner Center includes Time Warner Inc. World Headquarters, The Shops at Columbus Circle, The Restaurant and Bar Collection, Jazz at Lincoln Center, One Central Park condominiums, The Residences at the Mandarin Oriental and the Mandarin Oriental five-star luxury hotel. The facility has served as a catalyst to the revitalization of Columbus Circle and the surrounding neighborhood. Time Warner Center is a symbol of Related Companies' dedication to building and managing award-winning, legacy projects that not only transform neighborhoods but become world renowned destinations.
