With new architect, Silverstein to get 2 WTC started

Developer aims to begin construction in next 6 to 12 months

New York /
Sep.September 08, 2021 09:45 AM
Silverstein Properties chairman Larry Silverstein, Foster + Partners founder Norman Foster with Foster + Partners' rendering of 2 WTC (Getty, Foster + Partners)

Silverstein Properties chairman Larry Silverstein, Foster + Partners founder Norman Foster
with Foster + Partners’ rendering of 2 WTC (Getty, Foster + Partners)

Larry Silverstein’s 2 World Trade Center is one step closer to rising in Lower Manhattan, with his eponymous firm bringing back Norman Foster of Foster + Partners to serve as architect on the project, Commercial Observer reported.

Foster had previously been replaced by Bjarke Ingels for the development, expected to be the second-tallest skyscraper at the World Trade Center site.

Silverstein Properties is looking for an anchor tenant, which would pave the way for a construction loan, according to the publication. A key difference between 2 WTC and the other Trade Center towers is the lack of government assistance for construction, so lease signings are key to give lenders confidence in the project.

An executive at Silverstein told the outlet that tech and finance companies are expressing interest in occupying the planned tower, at the southwest corner of Church and Vesey streets. The developer hopes to start building in the next 6 to 12 months.

The site is occupied by a corrugated steel shed with utilities serving the Oculus PATH terminal and the nearby shopping mall. Underground, the skyscraper foundation is complete, which should accelerate the construction timeline.

Previously, Larry Silverstein said he would consider building the skyscraper on spec. News Corp. and 21st Century Fox were to be anchor tenants, but pulled out in 2016.

In New York City, Foster has designed projects including 425 Park Avenue and the Hearst headquarters on Eighth Avenue. He also served as architect for the Gherkin in London and Apple’s headquarters in Cupertino.

[CO] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    EverWest acquired a Maspeth warehouse from Wharton for $57M
    EverWest acquired a Maspeth warehouse from Wharton for $57M
    EverWest acquired a Maspeth warehouse from Wharton for $57M
    Google CEO Sundar Pichai (Getty/Illustration by Kevin Rebong for The Real Deal)
    Google says it won’t claim NYC tax breaks
    Google says it won’t claim NYC tax breaks
    Housing Court is back and order shall rule: Scheduled first appearances and capacity limits will accompany in-person hearings when they resume mid-October. (iStock)
    Housing court is back — with boundaries
    Housing court is back — with boundaries
    Covid surge dims enthusiasm for ICSC Vegas conference
    Covid surge dims enthusiasm for ICSC Vegas conference
    Covid surge dims enthusiasm for ICSC Vegas conference
    Bronx Section 8 housing, West Village dorm top mid-market sales
    Bronx Section 8 housing, West Village dorm top mid-market sales
    Bronx Section 8 housing, West Village dorm top mid-market sales
    Gravity CEO Moshe Cohen and Related CEO Jeff Blau (Getty, Gravity)
    Related partners with electric vehicle startup to bring charging stations to NYC
    Related partners with electric vehicle startup to bring charging stations to NYC
    (Adam Popper via LinkedIn)
    Adam Popper joins Thor Equities as VP of acquisitions
    Adam Popper joins Thor Equities as VP of acquisitions
    A rendering of St. John's Terminal with Google CEO Sundar Pichai (COOKFOX Architects, Getty)
    Google shatters pandemic record in $2.1B office purchase
    Google shatters pandemic record in $2.1B office purchase
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...