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Topic Started: Apr 16 2018, 02:22 AM (127 Views)
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Since buy wow gold the attacks, disagreements among New York City, the state, the federal government, developers, insurers, victims families and others have slowed construction on the 16 acre site.

Developer Larry Silverstein, who held the lease to the site when it was attacked in 2001, has played a key role in shaping the project design, security and cost.

"The world is recognizing that we moved from 12 years of controversy and construction to having a real place that is coming back to life as a part of New York City," said Janno Lieber, who oversees planning, design and rebuilding for Silverstein Properties.

Silverstein spokesman Dara McQuillan said the developer was not troubled that the 2.3 million square foot building is only half leased. In 2006, Silverstein opened 7 World Trade Center, just north of Ground Zero, and the company was the only tenant in the building.

But by 2011, it was fully leased with such tenants as Moody Corp and Mansueto Ventures, which publishes Fast Company and Inc. magazines.

"We learned at 7 World Trade Center that when you build state of the art, green, high tech office buildings, they lease quickly," McQuillan said.

Commercial real estate in downtown Manhattan rents for about $47 per square foot, about 35 percent less than rents in midtown Manhattan, according to commercial real estate services firm CBRE Group.

The skyscraper cost about $2 billion to build, including land lease costs, and was financed with $1.2 billion of tax free Liberty Bonds and hard won insurance proceeds.

They voted to count its spire in the total height of the building, which will reach 1,776 feet, a number chosen for the year the US Declaration of Independence was signed.

The spire on the original twin towers reached 1,727 feet and the Empire State Building antenna spire reaches 1,454 feet. A 9/11 museum is expected to open at the site in the next year.

A transportation hub, designed by Spanish architect Santiago Calatrava, is scheduled to open in 2015. The site will include two more office towers and some 550,000 square feet of retail space.
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