The first skyscraper at lower Manhattan’s World Trade Center is set to open with two days of ceremonies to mark the renewal of the area after its destruction by terrorists. When the fanfare subsides, the task will be filling the 40 percent of the tower that’s empty.
Conde Nast Publications Inc., the publisher of Vogue and Golf Digest magazines, signed a lease to move its headquarters to downtown Manhattan’s 1 World Trade Center, slated to be the western hemisphere’s tallest building.
The Port Authority of New York and New Jersey held talks about financing to help developer Larry Silverstein build 3 World Trade Center in lower Manhattan, and its vice chairman said a decision will be made next month.
The availability of top-quality office space in Manhattan rose to the highest in almost two decades as a new skyscraper at the World Trade Center site neared completion, according to brokerage Studley Inc.
Larry Silverstein, redeveloper of towers at New York’s World Trade Center site, said he will expand investment in China and enter Israel for the first time to capture rising demand from wealth built on natural resources.
Developer Larry Silverstein said he plans to start building an 82-story hotel-and-condominium tower a block north of the World Trade Center site in lower Manhattan late this year, after getting a $660 million loan.