The WTC Memorial and One World Trade Center are underway, but the fate of other Ground Zero projects remains unclear.

From the January issue: Development in Lower Manhattan, perhaps more than anywhere else in the
city, is characterized by big ideas. The biggest and most obvious
developments are related to Ground Zero, a site that at present is more
notable for its building delays than its progress. Still, prominent
World Trade Center-related projects, including the September 11th
Memorial, are expected to be finished within the next few years. Beyond the World Trade Center, big Lower Manhattan projects
underway include the construction of the tallest residential tower in
the city and work on the East River Waterfront. Other developments,
such as towers near the Battery Tunnel and the redevelopment of the
South Street Seaport, have fallen victim to the down market. Here are some of the plans floating around that, if brought to fruition, would fundamentally alter Lower Manhattan.

The Port Authority of New York and New Jersey has given Perini Civil, a division of Tutor Perini, a $192 million contract to rebuild Greenwich Street, which will allow the public to access the 9/11 Memorial by the 10th anniversary. Perini Civil will need to build the infrastructure below Greenwich Street, remove 170,000 cubic yards of soil and put up the underpinning for the subway line that will pass under the street. The U.S. attorney in Brooklyn is currently investigating Perini Civil for alleged fraud in getting contracts that were supposed to go to minority-owned businesses. Tutor Perini, the parent company, has been criticized for cutting corners to meet tight construction timelines.

The unit to see the biggest price cut today is a three-bedroom,
two-bath condo unit at 60 Beach Street, between Greenwich and Hudson
streets, according to Streeteasy.com. The price of apartment 5B was
lowered by $205,000, and it is now on the market for $3.5 million.
According to Streeteasy.com, the condo was first listed for $3.7
million in October 2007, and entered into contract in September 2008,
but no apartment sale is listed. The unit is now listed for 6 percent less than its
original price. The Corcoran
Group’s Shelley O’Keefe and Mark Samsky have the listing. TRD