Deutsche Bank discovers (One) Columbus
Welcome to what may become the future Deutsche Bank Center.
The German bank has decided to move its regional headquarters from Lower Manhattan to 1.2 million square feet at One Columbus Circle, The Post has learned.
“After a full evaluation of our real estate strategy, Deutsche Bank has decided to relocate its regional headquarters in New York from its current location at 60 Wall Street to a new location at One Columbus Circle,” a spokesman for the bank said in a statement.
A term sheet has been signed, sources said — not a lease, which could be the reason Deutsche Bank declined to provide other details, like whether it would get naming rights to the Time Warner Center.
Time Warner is planning to move from its namesake building to the new 30 Hudson Yards in 2021.
Related Cos. had developed Time Warner Center and sold the media company its office space — but bought it back when Time Warner agreed to move to Related’s new project at Hudson Yards.
The asking rent at the Time Warner Center was $135 per square foot.
“Related transformed Columbus Circle into a thriving mixed-use neighborhood and world-class destination. We are very pleased to work with our long-term partner as they re-imagine their north American headquarters,” said Jeff T. Blau, CEO of Related Cos.
The first term of Deutsche’s lease at 60 Wall St. ends in June 2022. The bank had several renewal options, and the building had new owners that laid out the red carpet for a lease renewal.
But the bank “wanted a fresh start,” one source said.
It loves the thriving Upper West Side neighborhood around the Time Warner Center — with its European feel as well as the stunning Central Park, river and city views, sources said.