On a Sunday morning in October, Simon Kelly sat in the breakfast room of Dublin’s Morrison Hotel, looking eager to chat. Simon, 38, and his father, Paddy Kelly, 66, were once among Ireland’s most audacious real estate developers. During the boom years, they borrowed about 700 million euros ($950 million) from Anglo Irish Bank Corp. to buy golf resorts and build hotels.
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.
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.
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.
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.