Time Inc. is moving on. The company announced that it is moving its offices from the iconic Time & Life Building — where the publisher has been since 1959 — to Brookfield Place in Lower Manhattan. Please, by all means, listen to Scorpions’ Wind of Change as you continue reading this post.
While this is certainly a big change — it could have been worse. Joe Ripp, Time Inc.’s CEO, said the company almost moved to New Jersey, but decided to stay after receiving tax incentives. New Jersey! That’s almost as bad as Iowa.
“Lower Manhattan has become a new destination for creative businesses,” said Ripp, in a statement. “We have ambitious plans for a modern, open workspace that will foster a greater sense of community and collaboration across the company, and it will deliver significant cost savings.”
Time Inc.’s new space will cover 700,000 square feet on six floors. The plan is to have the move completed by early next year.