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AOL Time Warner Condos Net $300 Mil. in Pre-Sales
It's full steam ahead for the AOL Time Warner Center, a 2.1-- million-sf mixed-use complex currently rising in New York City. The Related Cos. LP, the center's locally based developer, has signed $300 million in contracts for more than 40% of the One Central Park luxury condominiums. The residential component is made up of 65 units situated atop the Mandarin Oriental Hotel and the 126-unit One Central Park Club. Slated for completion in fall 2003, the development will also include a retail promenade and the world headquarters of AOL Time Warner.
Capital Players Launch New Venture
A new company focusing on raising debt capital and joint...