As part of the overall plan to rebuild the area demolished by the
September 11th attacks, the work on the replacement for the
7 World Trade Center is planned to
start in late 2002. The tower is designed by David Childs of
Skidmore, Owings & Merrill and will
similarly to the original incorporate also the mayor's emergency
command center. The Con Edison power substations, over which the 7
WTC was built, will be rebuilt within the tower.
The final construction decision will be dependent on the Port
Authority's permission and, not insignificantly, the city's plans
regarding the routing of transport facilities within and around the
2 February 2002:
The currently toyed design would feature a pedestrian throughfare
where the demapped Greenwich Street crossed the plot of the 7 WTC.
The 52-storey building would be cantilevered over the reopened street,
having smaller floor plans to reflect the nature of the changed
tenant base and their needs.
Silverstein expects to be able to start construction as early as in
June 2002 and have the building completed in 2005, with Con Edison
expecting to have its substations -- now incorporated into the 10
first overground floors -- ready by mid-2003. Although no
environmental impact study is required for this Port Authority site,
there have been calls for delaying the reconstruction work and
waiting for the emergence of a unified master plan for the WTC site
that would probably feature also remapping a number of streets
within the WTC superblock itself.
22 April 2002:
NY State's Empire State Development Corporation has approved the
planned remapping of Greenwich Street through the building block,
pending public hearing and government approval, also taking an
8-meter portion of the Vesey Street from the city. Occupying only
the portion of the late 7 WTC's plot west of the new Greenwich
Street, the new building will have smaller floors, housing less
space overall, approx. 158,000 m², despite being taller than
the destroyed building.
12 May 2002:
Preliminary excavation on he site has begun, with groundbreaking
proper to occur in June.
18 May 2002:
The Port Authority is expected to be the main tenant with the
65,000 m² of space it would rent, giving the redevelopment
an amount of security in the uncertain Downtown market. There is,
however, a dispute about the amount of rent -- the Authority
expects to get the space for a similar price that it paid for its
premises in the destroyed Twin Towers, whereas Silverstein wants
to nearly double that sq ft. price.
17 November 2002: Silverstein's seeking a $400 million portion
of the development costs to be covered by the Liberty Bond program;
In addition to the $861 million in insurance payments there is also
$383 million worth of mortgage loans. The insurance money is the
single factor that lets the construction proceed -- with the Downtown
situation precarious and no main tenant, the lenders for the mortgage
downgraded their portion.
24 November 2002: The revealed design is a 228,5-meter
parallellogram-plan glass shaft rising from the ConEd substation.
As a response to the lessons from 9/11, the building will have
improved fireproofing, wider escape stairs and a communications
system to help augment the rescue services' radio equipment.
23 March 2003: Despite doubts about the economic situation,
lack of a major tenant and financing of the construction, the
planned construction goes ahead. As an agreement on the amount
of mortgage to be repaid is agreed on, a new ground lease deal is
being negotiated, with the developer Larry Silverstein trying to
remove the obligation to pay the Port Authority 40 percent of the
net income from the plot as well as to raise the PA rent higher
than in the destroyed 7 WTC.
12 February 2005: With opening date set for January 2006,
the tenantless glass tower will have asking rents in the $50s per
5 August 2005: American Express Financial Advisors is
poised to sign a deal, the building's first, for tenantship.
The firm will occupy 1,860 m² of space, 1 percent of the
31 January 2006: The Chinese Beijing Vantone Real Estate
Co. has signed a lease for 18,600 m² on floors 48 through 52.
The China Center will feature office space for Chinese firms
conducting business in the US as well as an executive club.
The center was transferred to the 7 WTC after the Freedom
Tower completion date was moved back. The New York City Investment
Fund has provided a $3 million financing package for the center.
So far, the Ameriprise Financial (renamed from AEFA above) has
taken 1,860 m² and the New York Academy of Sciences 3,720
m², a total equivalent of one and a half floors. The building
is due to open in April.
7 March: The lobby of the building, scheduled to open in
May, contains a wall artwork of 20 x 4 m LED screen with scrolling
literature by Jenny Holzer.
25 March: Five state departments are eyeing new office space,
a total of 37,000 m², with the 7 WTC as one possible
View in 2005
At the WTC site, there will be a
Freedom Tower and something
An embryonic plan for a new major NYC skyscraper: the developer
Trevor Davis and RFR Holding are considering preliminary plans for the
1 New York Place (A few blocks to the north of the
1 New York Plaza). At 320 meters
and 90 storeys, the Kohn Pedersen Fox-designed building would
be slightly taller than Midtown's Chrysler
Building, becoming the second-tallest building in post-9/11 NYC.
The tower would include 121,000 m² of space, 63,000 m² of it
in offices, topped by 68 floors of apartments. The collection of the
plot is likely to be problematic as the owners of the existing parcels
may await a possible city condemnation in preparation of a transit hub
project, yielding more money than selling to a private developer.
Securing of the $680 million financing is uncertain for a large-scale
Downtown project with no major starting tenant, especially one that
would become the tallest in the financial district.
Leonard Litwin's Glenwood Management is planning a 56-storey rental
apartment tower at 10 Barclay Street, next to the
Woolworth Building. The building will be
designed by Costas Kondylis and house 381 residential units as
well as a 1,800 m² community facility, a health club and a
The $185 million development will be partly funded by a $138 million
Liberty Bond program under which 5 percent of the apartments built
have to be affordable.
The bold residential tower concept by Santiago Calatrava
(with Peter Claman of Schuman Lichtenstein Claman Efron
acting as a consultant) at 80 South St. has got the nod from the
DoB. Developed by Frank Sciame, the 16,000 m² design would feature
a central concrete core with 3 elevators rising from an eight-storey,
7,000 m² base for cultural uses and a roof top restaurant garden,
with 10 cube-like residential ($29 to $59 million each) and two
commercial units attached to it. The cubes are multi-storey -- each
side being 15 m long -- and
arranged in a zig-zag to form the outdoor terrace for the unit above.
"Perimeter" columns and diagonal braces support the cubes on the
outside. Using the air rights Sciame bought from the Seaport
historic district, the tower will reach the height of 254.5 m, with
an antenna tower adding another 50 m. The sales are expected to
begin in April 2005 and construction possibly later that year,
to be completed in 2007 or 2008.
17 November 2005: The project is on the marketing phase as the
needed amount of apartment sales are collected. If the building sells
well, the construction can be expected to begin in April 2006 and
be completed in late 2008.