The Real Deal New York

Posts Tagged ‘world trade center’

  • From left: David Emil, WTC Tower 5 location and Scott Rechler

    From left: David Emil, WTC Tower 5 location and Scott Rechler

    The development of the 5 World Trade Center site could remain stalled for years due to a dispute between the Port Authority of New York and New Jersey and the organization charged with rebuilding Downtown Manhattan following the Sept. 11 attacks. [more]

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  • gehry

    From left: John Zuccotti, Frank Gehry’s proposed design of World Trade Center arts center and Gehry

    The board of the Performing Arts Center at the World Trade Center has scrapped plans for noted architect Frank Gehry to handle the structure’s design. [more]

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  • From left: WTC transit hub construction, Michael Bloomberg, Scott Rechler and Santiago Calatrava

    From left: WTC transit hub construction, Michael Bloomberg, Scott Rechler and Santiago Calatrava

    The cost of the Santiago Calatrava-designed transit hub at the World Trade Center has skyrocketed not just because of its complex construction, but due to conflicts among the various stakeholders involved in building the downtown PATH station. [more]

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  • From left: 1 WTC, Lamb's Club and John Barrett Salon

    From left: 1 WTC, Lamb’s Club and John Barrett Salon

    The migration of 2,300 Condé Nast employees to 1 WTC will leave a gaping hole in the incomes of some Midtown businesses. As a result, a number of companies that cater to the publisher and its employees are following it downtown. [more]

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  • The World Trade Center under construction

    The World Trade Center under construction

    From the July issue: The U.S. Bureau of Customs said it would take 763,500 square feet within the 16-acre World Trade Center development site 49 years ago this month, the largest lease announced to that point.

    The pledge was a boost for the controversial office development project in Lower Manhattan led by the Port of New York Authority, as it was then known. Some of Manhattan’s leading landlords, such as Lawrence Wien and Seymour Durst, opposed the project. [more]

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  • Twin Tower tridents at the 9/11 museum (Credit: Ryan Budhu via Flickr)

    Twin Tower tridents at the 9/11 museum (Credit: Ryan Budhu via Flickr)

    The National September 11 Memorial Museum is scheduled to open to the public next week. The museum is intended to offer visitors an in-depth look at the events of that day — and the aftermath of the terrorist attacks, as seen through personal artifacts. [more]

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  • A rendering of the street-level retail for 4 World Trade Center, left, and 3 World Trade Center

    A rendering of the street-level retail for 4 World Trade Center, left, and 3 World Trade Center

    From the May issue: As the city waits for the new World Trade Center development to open and begin pulsing with office workers, tourists and residents, big egos are clashing behind the scenes over what stores will occupy the massive retail complex. [more]

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  • Frederic Schwartz and the Sept. 11 Memorial in Jersey City

    Frederic Schwartz and the Sept. 11 Memorial in Jersey City

    Architect Frederic Schwartz, whose World Trade Center rebuilding plan finished second and who is credited with the creation of Sept. 11 memorials in New Jersey and Westchester County, died Monday at age 63. [more]

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  • From left: 40 Wall Street, former Twin Towers at 1 and 2 World Trade Center and the Empire State Building 350 Fifth Avenue

    40 Wall Street, former Twin Towers at 1 and 2 World Trade Center and the Empire State Building 350 Fifth Avenue

    Two years ago, Barclays introduced its Skyscraper Index, which suggests that construction booms, highlighted by record-breaking skyscrapers, coincide with the beginning of economic downturns. Click here to see 10 skyscrapers that coincided with the financial crises of their times.

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  • Renderings of 3 World Trade

    Renderings of 3 World Trade

    The Port Authority of New York and New Jersey’s real scandal isn’t the lane-closing on the George Washington Bridge — it is a decades-long practice of diverting the body’s funds into real estate investments, according to New York Times columnist Joe Nocera.

    The Port Authority, Nocera wrote yesterday, is charged with improving transportation infrastructure in both states. Yet tolls creep up while needed funds are funneled into real estate projects like the World Trade Center, which claimed at least $7.7 billion in the rebuilding of the area around Ground Zero after Sept. 11. An additional $4 billion “went to an over-the-top PATH station,” Nocera opined, while another $3.3 billion went to the building of One World Trade Center. [more]

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  • Port Authority commissioner resigns

    April 15, 2014 11:41AM
    A revamped World Trade Center and Anthony Sartor (inset)

    A revamped World Trade Center and Anthony Sartor (inset)

    Anthony Sartor, commissioner of the Port Authority of New York and New Jersey, resigned Monday amid investigations following the George Washington Bridge closure scandal. [more]

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  • From left: Larry Silverstein and Ground Zero

    From left: Larry Silverstein and Ground Zero

    The head of a citizen watchdog group filed suit to uncover documents spelling out how much World Trade Center developer Silverstein Properties has invested in the site’s rebuilding. [more]

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  • From left: Chris Ward, Patricl Foye and Chris Christie

    From left: Chris Ward, Patricl Foye and Chris Christie

    Current and former leaders of the Port Authority of New York and New Jersey didn’t show much enthusiasm this week for Governor of New Jersey Chris Christie’s suggestion that the agency be split between states. [more]

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  • Model of the proposed WTC Arts Center

    Model of the proposed WTC Arts Center

    The planned performing-arts center at the World Trade Center in Lower Manhattan faces stiff competition for funds.

    A pet project of Mayor Bloomberg, who appointed the first members of the managing non-profit’s board in 2011, the $469 million project now sits in limbo while Mayor Bill de Blasio comes to a decision about the future of the planned center. [more]

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  • From left: Rendering of new PATH station and interior of the station

    From left: Rendering of new PATH station and interior of the station

    A section of the new PATH train station beneath the World Trade Center, open to the public for less than a week, is already under fire for its design. [more]

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  • From left: NYPD Commissioner Bill Bratton

    From left: NYPD Commissioner Bill Bratton

    Dialogue about the direction of security plans for the World Trade Center area appears to be opening up, as the New York City Police Department’s new commissioner Bill Bratton takes a different tack than his predecessor. [more]

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  • Judge tosses suit over WTC security

    February 07, 2014 10:45AM
    One World Trade Center

    One World Trade Center

    The city’s plans to implement a series of restrictions around the World Trade Center complex were upheld by a Manhattan judge Thursday, despite Downtown residents’ complaints that the move would create an environment of “fortresslike isolation.”

    The New York Police Department plans to close the streets in and around the building complex to normal through traffic. Vehicles would only be allowed access to the complex after a screening, the NYPD has said. [more]

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  • WTC fence to come down after 13 years

    January 27, 2014 08:38AM
    The fence at the World Trade Center site

    The fence at the World Trade Center site

    A fence that has cordoned off the World Trade Center site from the rest of Downtown for the past 13 years is set to come down – at least partially – in 2014. The move will allow visitors to the 9/11 Memorial to move freely between the memorial and the neighborhood, according to Joe Daniels, president of the National September 11 Memorial & Museum. [more]

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  • wtc-security

    One World Trade Center rendering and security outside 9/11 Memorial

    A group of Lower Manhattan residents have alleged they are prisoners among the extensive security implemented around the World Trade Center site.

    A lawsuit filed today in the Manhattan state Supreme Court accuses the property’s operator, the Port Authority of New York and New Jersey, as well as the city and the New York Police Department of going too far with its $40 million security operation. The NYPD’s post-construction plan for the 16-acre site — which houses multiple office towers and the 9/11 memorial — calls for guard booths, fencing, checkpoints and gates that has made it challenging for residents and tourists to navigate the neighborhood, the suit said. [more]

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  • Bedford-Union Armory

    Bedford-Union Armory

    From the December issue: In this month’s roundup of government-related real estate news, TRD zooms over to the Bedford-Union Armory in Crown Heights, which the city Economic Development Corporation is soliciting proposals to turn the empty space into a community center. Over in Manhattan, we check in on the newly opened West Concourse at the World Trade Center Transportation Hub, which cost $225 million to build. Click here to see these items and more.

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