American International Group announced today that it will be moving its headquarters offices to midtown Manhattan, and leasing a total of 775,000 square feet of office space in and around New York City.
AIG now fills a 684,000-square-foot building at 175 Water St. in lower Manhattan, in the city’s Financial District.
AIG is leasing eight floors, or 325,000 square feet, at 1271 Avenue of the Americas for its main offices. The building was originally known as the Time & Life Building. It’s part of the Rockefeller Center complex.
AIG is also leasing a total of 450,000 square feet at 28 Liberty St. in Manhattan and at 30 Hudson St. right across the Hudson River, in Jersey City, New York.
AIG said it plans to move into the three new locations in 2021.
AIG descends from American Asiatic Underwriters, an insurance agency that Cornelius Vander Starr started in Shanghai in 1919.
AIG’s best-known headquarters location in the United States was at 70 Pine St. in lower Manhattan. AIG owned and occupied that building from 1976 until 2009.
AIG ran its operations from offices at 180 Maiden Lane in lower Manhattan from 2009 through 2014, and then moved its headquarters into the 175 Water St. building in 2014.