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HQ set for AOL-Time Warner
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June 28, 2000: 7:08 p.m. ET
The $1.7B AOL-Time Warner Center by Central Park to be ready by 2004
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NEW YORK (CNN) - Design plans for a $1.7 billion dollar future headquarters for AOL-Time Warner in midtown Manhattan were announced Wednesday.
AOL-Time Warner will be the major tenant of the 55-story, 750-foot twin-tower structure at the southwestern edge of Central Park that also would house a music hall, hotel, retail and office businesses, and apartments. It is expected to be occupied by fall of 2004.
The complex will be called AOL-Time Warner Center after the merger of AOL and Time Warner is completed. It will be home to most AOL (AOL: Research, Estimates) -Time Warner (TWX: Research, Estimates) companies, and will include a state-of-the art digital television production facility for live transmissions of CNN and CNNfn. CNN Interactive will also have space there.
The Federal Commission on Wednesday said it would hold public hearing July 27 on the proposed $124 billion AOL-Time Warner merger.
 The music hall will be the permanent home for Jazz at Lincoln Center, with a 100,000 square foot, 1,100 seat performance space.
The plans were unveiled at a press conference led by Mayor Rudy Giuliani, Time Warner President Dick Parsons and developer Stephen Ross. The announcement follows 15 years of planning, litigation and public debate.
The approved plan of two glass towers was the fourth presented to developers and city officials. It was designed by David Childs, of the New York architectural firm of Skidmore, Owings, and Merrill.
The center would stand at the southwest corner of 59th Street and Eighth Avenue in the space occupied until this month by the now-demolished New York Coliseum, a convention center.
 The architecture critic for The New York Times, Herbert Muschamp, called the Childs effort a mix of New York's jazz spirit and abstract classicism. "There is music throughout the design," he wrote.
Time-Warner President Dick Parsons predicted at the event that "it will become the most significant physical structure and place in the world five years from now." 
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AOL
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