After 20 years and billions spent, Larry Silverstein is still rebuilding the World Trade Center. Work-from-home has bludgeoned the desire for offices, making Silverstein's task even more daunting.It was early 2020, and major corporations were enamored with the World Trade Center. Larry Silverstein, the now-90-year-old billionaire developer who has built three towers and is planning two more at the Lower Manhattan site, recalls trying to wrap up leasing at 3 World Trade Center.
In addition to 3 World Trade Center, completed in 2018, Silverstein's real-estate firm, Silverstein Properties, completed 4 World Trade Center in 2013 and has fully leased that tower. One World Trade Center, the site's tallest tower at 1,776 feet, which is owned by the Port Authority of New York and New Jersey and the large New York City landlord the Durst Organization, is nearly full as well.
Silverstein has long said he wants to complete 2 World Trade Center — the final commercial skyscraper at the site — in his lifetime, and he remains unbowed even after entering his 10th decade in May.
Silverstein looks out at construction through the window of a completed 7 World Trade Center in 2006.The publisher Conde Nast, meanwhile, a tenant in One World Trade Center, is trying to sublease about 400,000 square feet of its roughly 1.1 million square feet of space in the building, according to a leasing broker working with it to dispose of that space.
Asked whether he was in conversations with 2 World Trade Center office tenants who would commit to enough space at rents sufficient to justify such a costly endeavor, Silverstein said:"The answer is yes."
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Only 20 years? It looks like a regular Italian public procurement, mafia and bribery included, of course!
A paywall stopped me from being able to read this
thanks
This is a joke, right? 🤔
good luck
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