Billionaire real estate mogul Charles Cohen, who bought Avenue magazine from Richard Burns’ Manhattan Media in December, said the relaunch has been pushed back from its original September plan until early 2020.

“I always take a lot of time to do things. If we rushed to do it, it wouldn’t be right,” said Cohen over lunch at media hot spot Michael’s Restaurant on Wednesday. “If the first issue is late, it’s better than the second issue being late. I want to hit the ground running — and keep on running.”

The plan now calls for a sweeping redesigned issue to hit in the second week of January and to publish six issues a year in 2020.

Avenue’s editor-in-chief and bestselling author Michael Gross resigned over what he’s told friends were “operational differences” following Cohen’s takeover in 2018.

Cohen has since hired Kristina Stewart Ward, a former executive editor at Harper’s Bazaar and entertainment editor at Vanity Fair and former editor at rival Quest as editor-in-chief. He’s also commissioned design firm Pentagram to overhaul the magazine and website.

Cohen was ranked number 239 on the Forbes 400 list of richest Americans with a net worth of $3.4 billion. Over the past two years, the 68-year-old mogul has been on a buying spree expanding well beyond the high-end commercial real estate business founded by his father and uncle in the 1950s.

He bought a majority interest in the Savile Row menswear fashion house Richard James, which opened its first American branch on Park Avenue last year. In late 2017, he bought the luxury footwear firm Harry’s of London, and shortly thereafter bounced its CEO. He also bought T. Anthony, a luxury leather goods and luggage company that kept its CEO after the deal.

Charles Cohen and his wife, Clo Cohen
Charles Cohen and his wife, Clo CohenGetty

In 2018 he also bought the Landmark Theaters from Mark Cuban, which gave him 252 screens in 28 theaters across 18 cities.

And his artsy movie house Charles Cohen Media has made a habit of getting nominated for Oscars in the foreign film category. Last year its film “The Salesman” snagged an Oscar for best foreign film.

“They’re all part of the Curated Lifestyle Group, which now includes Avenue,” he said of his recent acquisitions.

The new version of the magazine and website will eschew politics, scandal, ambulance chasing and socialites.

“It will be design, great restaurants, neighborhoods,” he said, “something that celebrates what’s great about the city.”

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