Hosted by the Related Cos., Time Warner and Apollo Real Estate,the event showcased the multi-level retail and restaurant portionof the 2.8-million-sf development, which carried a total price tagof approximately $1.7 billion. Taking space at the 55-storyskyscraper are major retailers such as Coach, Williams Sonoma, HugoBoss, Sephora and Tourneau. The restaurants include Thomas Keller'sPer Se, Gray Kunz's Café Gray and Rande Gerber's Stone Lounge. Theproject was developed by Columbus Circle Centre LLC, a partnershipconsisting of the Related Cos. LP and Apollo Real Estate AdvisorsLP.

"We are thrilled to open the doors to the Time Warner Center andto celebrate its emergence as New York City's new landmark for the21st Century," says Stephen M. Ross, chairman and CEO of Related."Located in one of Manhattan's most prominent locations, ColumbusCircle, this development offers unparalleled Central Park viewscombined with a dynamic mix of commercial, residential, retail andentertainment components."

In addition to retail and restaurants, the Time Warner Center isalso home to the Time Warner World Headquarters, which includes865,000 sf of office and studio space with digital production andbroadcast facilities for live transmission of CNN and CNNfn; OneCentral Park condominiums and the Residences at the MandarinOriental, New York, which include 201 luxury condominiums; theMandarin Oriental Five-Star Luxury Hotel, which includes 251guestrooms; Jazz at Lincoln Center, which includes three mainperformance venues totaling 1,970 seats, recording studios andclassroom space; 211,000 sf of class A office space, which willinclude the corporate offices of Related and Apollo Real Estate;and a 504-car parking facility with 24-hour valet service.