Time Inc. Might Move Downtown

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By Chris O'Shea Comments

TimeLifeBuildingRockCenter_articleboxTime Inc. has called midtown home for more than 70 years, but sometimes even the most comfortable surroundings can get old. The New York Times reports that Time Inc. is considering moving to lower Manhattan, specifically a space at 225 Liberty Street in Battery Park.

If Time Inc. does move downtown, it would join Condé Nast (moving to 1 WTC in November) and several other media companies in the area, including AMI, HarperCollins and The Daily News.

In addition to the Battery Park location, Time Inc. is considering 4 World Trade Center and 85 Broad Street.

The reason for the move? Money, of course. There are tax breaks and the rent downtown is $25 less per square foot. History is nice; saving cash is better.