WTC awaits Merrill's next move

May 27, 2008 08:42AM
Tower 3

The deadline for building towers 3 and 4 at the World Trade Center has been pushed back a few months so that developer Larry Silverstein can try to land Merrill Lynch. But the firm has been battered by the subprime crisis and might not be able to afford buying or leasing the 2.5-million-square-foot Tower 3. Merrill is also working with Brookfield Properties on extending its lease at the World Financial Center form 2013 to 2018.

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