Silverstein looking for partner to develop 2 WTC
News Corp. to be the skyscraper's anchor tenant
Does anybody have half a billion dollars to spare?
Larry Silverstein is hoping to find an equity partner or a mezzanine debt investor to help develop the $4 billion 2 World Trade Center, according to the New York Post.
HFF is marking the investment opportunity, the newspaper reported. The money will likely come from a pension fund or a sovereign wealth fund. In return, the investor could receive a stake in the 2.8 million-square-foot building. Rupert Murdoch’s News Corp. — the parent company of the New York Post and 21st Century Fox — signed a letter of intent to be the tower’s anchor tenant.
Danish starchitect Bjarke Ingels is designing the tower.
The tower is the final one to be rebuilt since the 9/11 terrorist attacks. [NYP] — Claire Moses