A Time Warner Center renaming will occur because of the huge amount of money their new tenant is about to spend. The complex will soon be known as “Deutsche Bank Center”, Commercial Observer first reported. Deutsche Bank recently leased over 1 million square feet of space at the complex, making it the second largest leasing deal of 2018.
They’ve signed a 25 year lease and will occupy all available offices except those on the 20th floor.
The landlord of the Time Warner Center is Related Companies, and it was first announced that they were negotiating a deal with Deutsche Bank back in January by the New York Post.
The bank is currently located at 60 Wall Street. They are expected to move in during the third quarter 2021, so it’s unclear when the official name change will take place.
There’s nothing that indicates the shopping experience will change in any way. Or that any of the restaurants at the Columbus Circle mall will shut down as a result. But going to the “Deutsche Bank Center” does not sound fun at all.