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.
Four office towers, a transit center designed by Santiago Calatrava , a memorial and museum at the downtown Manhattan site of the World Trade Center may be complete by 2014, according to city and state officials.
To shore up the Spanish banking system, Caja Madrid Chairman Rodrigo Rato may offload a stake in a water ride inspired by the Greek god Triton, a restaurant modeled after a Roman villa and an Egyptian-themed fun house called the Piramide del Terror.
The developer of the Chicago Spire, the stalled project that backers say would be the Western Hemisphere’s tallest building, may resume construction after Atlas Apartment Holdings LLC agreed to invest $135 million to finance a plan to exit bankruptcy.
Westfield Group is in daily talks with the Port Authority of New York and New Jersey to complete an agreement to develop retail space at Manhattan’s World Trade Center site, said Chris Ward, the agency’s executive director.
If the first segment of Manhattan’s Second Avenue subway opens on schedule in 2016, New Yorkers will be reminded that it was once “the line that time forgot” -- a project more than 75 years in the making, with no end in sight. It should be remembered for another failing as well: It will be one of the most expensive subways in the world.