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  #3841  
Old Posted Nov 17, 2008, 1:32 PM
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Where will FT construction as of 9/2009?
     
     
  #3842  
Old Posted Nov 17, 2008, 5:26 PM
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Originally Posted by george View Post
WTC, Freedom Tower must be built. The skyline needs it. The terrorists will never win.
The ghost of TalB.
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  #3843  
Old Posted Nov 17, 2008, 9:19 PM
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Crain's New York

November 15, 2008 5:27 pm

Silverstein Properties Inc.: Developer creates tower of strength

WTC rebuilding allows the team to play a role in history


Family Feel Larry Silverstein is happy that so many staffers ave grown along with the company. Buck Ennis


Working for Larry Silverstein means enjoying daily access—and unlimited bragging rights—to a stunning 360-degree view of Manhattan and its surroundings.

Lofty visions of the future are equally important inside the firm's headquarters at 7 World Trade Center, where the developer labors to carry out his conception of a rebuilt WTC site.

“Working on the site means being a part of history,” says Gianna Frederique, a marketing and communications assistant.

By winning the 99-year lease on the Twin Towers in 2001—just before they were attacked—and fighting since Sept. 11 to rebuild every inch of space he is legally entitled to, Mr. Silverstein has become a major and sometimes controversial force in Manhattan real estate. He owns, manages or has under development some 18 million square feet of real estate.

Next generation
The 77-year-old tycoon and his children Lisa and Roger work together at the firm, which Mr. Silverstein runs like a family business.

He earns good will by offering simple perks, including half days on summer Fridays and hefty financial rewards. Silverstein Properties awards bonuses that are above the industry average and pays nearly all the premiums for health and life insurance for every employee. When staffers face serious illnesses, Mr. Silverstein, a trustee of New York University Medical Center, helps them get top-notch care.

In for the long term
“He's a mensch,” says Faith Hope Consolo, chairman of retail sales and leasing for Prudential Doug-las Elliman.

Mr. Silverstein's excitement spikes as he points out employees who have been with him for decades, such as Debra Hudnell. Now vice president of human resources, Ms. Hudnell joined the company 27 years ago as an entry-level clerk.

“So many of our people started modestly and grew with the company,” Mr. Silverstein says. “At this point, I look at these people as extended family.”

Often seen as obdurate because of his insistence on rebuilding downtown despite the faltering real estate market, the magnate remains relentlessly enthusiastic about his company's prospects, the future of lower Manhattan, and the viability of three more towers at Ground Zero.

“His passion and drive rub off on everyone,” says Roger Silverstein, a senior vice president. “And the views aren't bad, either.”


© 2008 Crain Communications, Inc.
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  #3844  
Old Posted Nov 17, 2008, 11:37 PM
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Need to get a look at the new fence...
http://panynj.com/AboutthePortAuthority/PressCenter/PressReleases/PressRelease/index.php?id=1153

PHOTO OPPORTUNITY - PORT AUTHORITY TO BEGIN INSTALLATION OF NEW FENCE WRAP TO ENHANCE APPEARANCE OF WTC SITE

November 14, 2008
Work Will Be Done on Sunday, November 16


The Port Authority will begin to cover the fencing around the World Trade Center site on Sunday, November 16, with a new, clean and informative wrapping depicting the current progress on the site, what the site will look like when it's rebuilt and improved way-finding signs so pedestrians can get to their destinations faster and more easily.

Media wishing to cover the installation should assemble at the corner of Vesey and Church streets at 10 a.m. to view the work in progress.

The 8-foot-high, blue vinyl mesh wrapping is part of the Port Authority's new effort to increase public outreach, transparency and accountability, and improve the quality of life in Lower Manhattan during the rebuilding effort.
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  #3845  
Old Posted Nov 17, 2008, 11:51 PM
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http://cityroom.blogs.nytimes.com/2008/11/17/why-quintuplets-instead-of-twins/

Why Quintuplets Instead of Twins?

By David W. Dunlap
November 17, 2008

Christopher O. Ward, executive director of the Port Authority of New York and New Jersey, opened the floor to questions from around the country about the World Trade Center and found that there is still a passionate community of twin-tower advocates. About half of the 100 e-mail queries he received in the last week asked why the authority was not simply rebuilding two soaring monoliths.

He only answered once:

If we were to start from scratch and develop a plan that called for rebuilding the twin towers, billions of dollars that already have been spent on design and engineering work, as well as hundreds of construction trade contracts, for all of the projects would be wasted. At a time when we are trying to move forward with construction and get this site rebuilt, all with funding that’s currently available, it wouldn’t be prudent to start the process all over again.

Among other questions Mr. Ward fielded were: Are you really going to close the PATH station on some weekends during construction? (Yes.) Are you really going to close Vesey Street? (Again, yes.) And, of course, those hardy perennials — why is it taking so long and when will it be finished?

To the last, Mr. Ward would vouch only for those projects that the authority is constructing: the National September 11 Memorial and Museum, the World Trade Center Transportation Hub, 1 World Trade Center and the vehicle security center. “Between 2011 and 2014,” he answered.

Given the bleak prospect for commercial development, it is telling that Mr. Ward said nothing about the fates of Tower 2, Tower 3 and Tower 4 (to be developed by Silverstein Properties) or Tower 5 (under the authority’s control).

And given what seems to be strong public antipathy to the name “Freedom Tower,” it is also telling that he only used that name once in referring to Tower 1.
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  #3846  
Old Posted Nov 18, 2008, 1:19 AM
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Another reson on not to build twin towers would be that I dont think anyone would want to work in them, I know I wouldn't, it would be like them coming back from the dead it would be just creepy. As much as I would like to see then in the skyline, I think they shouldn't rebuild them.
and what do they mean by the fates of the other towers??? why wouldn't they be built???
     
     
  #3847  
Old Posted Nov 18, 2008, 1:21 PM
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^ Just more nonsense from that David Dunlap. The Port Authority really doesn't issue statements about the progress of the other towers because that's Silverstein's business. People complain about Steve Cuozzo's writing, but he doesn't mask his opinions...

http://www.nypost.com/seven/11182008/business/trump_misses_building_a_case_139302.htm

TRUMP MISSES BUILDING A CASE



November 18, 2008

DESPITE doom-and-gloom talk about a "glut" of new office space, CB Richard Ellis super broker Stephen B. Siegel says emphatically, "Nothing new of any great size is going to be delivered to this marketplace."

Yet when SJP Properties' 11 Times Square topped off the other day, it didn't stop myopic market-watchers from whining about developer Steven J. Pozycki's timing.

Omigod, a brand-new, 1.1 million square-foot office tower opening soon without tenants in a collapsing market!

And that's on top of the new 510 Madison Ave. and the former New York Times building on West 43rd Street! Plus, all that new space coming at Ground Zero!

Glut city, here we come!

The black-hole-of-Calcutta scenario has been all over the media, but should seem hollow to anyone with perspective.

For starters, Pozycki's spectacular new tower won't even be open for at least another year.

Moreover, it's ridiculous to lump in the 11 million square feet to eventually open at the World Trade Center site with the 2 million-odd, newly minted square feet coming on line in Midtown over the next year or two.

Yet, last week, on Dominic Carter's NY1 show, Donald Trump called the Freedom Tower a "huge white elephant" that "could be a catastrophe for New York."

Trump mused, "Can you build a building with millions of square feet when office space is going begging in New York? . . . "They should think about not building [it] because there's no market."

Now, because of Trump's great popularity beyond the world of commercial real estate, what he says on TV reaches many more people than anything Jerry Speyer of Tishman Speyer or Stephen Ross of Related Cos., might say at a trade breakfast.

So, I asked him, what's the big idea?

How can he claim space is "going begging" when the Manhattan vacancy rate, according to CB Richard Ellis, is a scant 6.6 percent, and availability (which includes space up for sublease) is 10 percent?

Yesterday, Crain's New York Business reported that NBC is adding 60,000 square feet at 30 Rock. Macquarie recently added 160,000 square feet at 125 W. 55th St. and Viacom renewed on 1.3 million square feet at 1515 Broadway. Trump himself signed the Industrial and Commercial Bank of China at Trump Tower.

And what's the Freedom Tower got to do with today's market, when it's not due to open until the end of 2013 - and might not be finished for 10 years?

"That's the good news," Trump laughed yesterday.

Trump has a way with exaggeration. It's one of the things we love about him along with the many fine projects he's given the city. Given the chance to back off his remarks, he upped the ante: "The world and country are in a depression" - which he later modified to, a "virtual depression."

In New York, "I think the office market's not good and it's getting worse," he said.

Trump said the "subsidized" Freedom Tower "will drain tenants out of a lot of tax-paying buildings in Lower Manhattan" - just as he said the Twin Towers did in the early 1970s. (The Port Authority declined to comment.)

The Twins indeed took 25 years to fully fill. But they helped save downtown in the long run by providing modern space in a district of terminally obsolete old buildings.

And if Trump thinks the Freedom Tower as planned is such a lemon, why doesn't he do it himself? After all, the PA has quietly talked to both Related Cos. and Brookfield Properties about a possible sale or partnership.

Trump said, "I don't think so" when we asked if he'd be interested: "I don't think it can work because of the combination of the building and the times."

In any event, new office towers at Ground Zero aren't about meeting current demand. They're about replacing the great commercial hub that was destroyed on 9/11 with a better one - a necessary bet on the city's future.

Trump should know, having made such a bet himself when he bought 40 Wall St. for a token $1 million in 1995.

Meanwhile, the under 3 million square feet coming on line in Midtown are peanuts compared with a Manhattan office stock of 380 million square feet.

And CBRE's Siegel noted, "I don't see any enormous dumping of sub lease space, either. There are pockets. But except for 1271 Sixth [Ave.], where a million feet of Lehman's space could go, there isn't that much."


He said rents will fall over the short run, but, "They'll go back up."

Siegel also noted, "Over 70 percent of the supply is more than 50-years-old" - a dangerous obsolescence in a world where companies demand up-to-date electronic and environmental amenities.

Just what those white elephants at Ground Zero can provide.
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  #3848  
Old Posted Nov 18, 2008, 6:34 PM
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The last point regarding the coming "obsolescence" of a large precentage of the existing commercial office space is a very salient point, that I think often gets overlooked when one listens to discussion about "new" office space. The expansion may not really be what the numbers say given the amount of "obsolete" office space that is/will be converted to other uses ( i.e. residential, hotel, etc.). In other words how much of that 380 million square feet is usable office space 10, 20 years from now? And, is coming office innovation increasing the pace at which current office space becomes obsolete?
     
     
  #3849  
Old Posted Nov 18, 2008, 7:47 PM
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Guaranteed that by the time the whole complex is done, the demand will be there for the space...
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  #3850  
Old Posted Nov 19, 2008, 12:48 AM
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Originally Posted by Antares41 View Post
The last point regarding the coming "obsolescence" of a large precentage of the existing commercial office space is a very salient point, that I think often gets overlooked when one listens to discussion about "new" office space. The expansion may not really be what the numbers say given the amount of "obsolete" office space that is/will be converted to other uses ( i.e. residential, hotel, etc.). In other words how much of that 380 million square feet is usable office space 10, 20 years from now? And, is coming office innovation increasing the pace at which current office space becomes obsolete?
Even when the WTC is completed, Downtown will have less office space than it had before, partly because of conversions. A lot of the older buildings have been converted to residential already, and that will only continue with time.

Another point is that the City itself has rezoned the west side of Manhattan for about 30 msf of commercial space to be built over the next 30 years, but even that may be conservative. But nobody's making the same complaints about the Hudson Yards or Manhattan West developments, and yet those too will be needed down the line.
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  #3851  
Old Posted Nov 19, 2008, 12:52 AM
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Looking down, from sarahcasper

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  #3852  
Old Posted Nov 19, 2008, 12:58 AM
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  #3853  
Old Posted Nov 19, 2008, 2:17 AM
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Who is the going to handel the concrete on this project?
     
     
  #3854  
Old Posted Nov 19, 2008, 2:56 AM
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Working on any of the surrounding towers gives you the massive scope on what it's like to see this site in person and the ongoing work.
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  #3855  
Old Posted Nov 20, 2008, 4:04 AM
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Comparison shot, from the cleanup of 2002 to construction in 2008:

From keyportkid




From scottdavidsmith

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  #3856  
Old Posted Nov 20, 2008, 7:53 PM
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wow...cool comparison! Two new towers in the background and significant progress in the foreground.
     
     
  #3857  
Old Posted Nov 21, 2008, 12:10 AM
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wow...cool comparison! Two new towers in the background and significant progress in the foreground.
And Fitterman Hall rotting in both of them.
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  #3858  
Old Posted Nov 21, 2008, 1:23 AM
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And Fitterman Hall rotting in both of them.

One the other end, you have the Deutsche Bank Building.
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  #3859  
Old Posted Nov 21, 2008, 3:16 AM
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And now, a word from the Port Authority...

http://www.downtownexpress.com/de_290/wellbebetter.html
We’ll be ‘better neighbors’ as we rebuild the W.T.C.



By Chris Ward
November 21 - 27, 2008

Last month, as the result of Governor Paterson’s call for a more transparent and accountable process, I presented a roadmap to get the World Trade Center rebuilding on track — one that outlined aggressive yet realistic timelines for all of the major projects, as well as interim milestones so the public can track the Port Authority’s progress and hold us accountable.

The Port Authority is now hard at work on our next challenge: the need not only to rebuild the World Trade Center as quickly as possible, but to improve the quality of life for residents and businesses located around this very active construction site.

It’s easy to understand the anxiety and frustration that Lower Manhattan residents and businesses have experienced since Sept. 11. In the five months since becoming executive director of the Port Authority, you have shared with me stories of sleepless nights due to late-night construction, dirty and congested streets, and difficulties navigating around an ever-expanding construction zone.

As the level of construction activity ramps up, we will ramp up our efforts to be better neighbors. This starts with a basic premise: the construction on the site has to move forward, but at the same time we must listen to those most affected by the site’s construction, and find ways to improve their quality of life.

To facilitate this effort, we recently created an Office of Program Logistics, which is now the focal point for mitigating the byproducts of a massive construction site. This office will provide regular updates to residents and businesses and will be the point of contact for anyone who believes we can do things better.

To staff that office, we hired renowned traffic expert Sam Schwartz, who will help us develop creative solutions that will improve the movement of people, vehicles and equipment around the site.

Recently, Sam walked the site with community leaders to listen to their concerns and incorporate the community’s input into solving the problems in and around the site.

As a result of that walk, we received numerous recommendations to improve conditions around the site and have already started implementing many of them.

Specifically, we were asked to find ways to deter illegal vending around the site. As a result, I’ve asked our staff to install clear, visible signs as soon as possible to deter this activity, and have ordered our Port Authority Police Department to be more aggressive in their crackdown.

At the community’s request, I’ve also charged the Office of Program Logistics to develop recommendations on how we can improve the flow of pedestrians at the intersection of Church and Vesey Sts., perhaps the most congested area around the W.T.C. site. I’ve also asked them to work with the Downtown Alliance to provide better ways to improve pedestrian way-finding.

We’re also acting on another of the recommendations made during the tour: the paving of a portion of Liberty St. between Church and Washington Sts., to make it easier for pedestrians to walk through that area of the site.

And, in our ongoing effort to keep the site clean and informative, we are replacing the current fence surrounding the World Trade Center site with a new, clean and informative wrapping of designs depicting the current progress on the site, what the site will look like when it is rebuilt and improved way-finding signs so pedestrians can get to their destinations faster and more easily.

Importantly, these efforts build on past ones, including the installation of soundproof devices on certain types of construction equipment, the purchase of street sweepers to clean local roads, and the installation of soundproof barriers on the fencing that surrounds the site.

Still, despite these efforts, we know we can always do better. To make sure we are constantly accessible to new ideas and community concerns, we recently launched a feature on our website — www.wtcprogress.com — called “Ask the Port Authority.” I have already begun responding to your questions and look forward to more.

In the meantime, we will continue working hard every single day to rebuild the World Trade Center and will do so in a way that not only rebuilds quickly and safely, but with respect to the surrounding community.

Chris Ward is executive director of the Port Authority of New York and New Jersey.

______________________

New timeline

After seven years of missed World Trade Center redevelopment target dates, Chris Ward, the Port Authority’s executive director, released a report on Oct. 2 which he said is a realistic accounting of the difficulty of building a memorial, office towers, transportation hub and supporting infrastructure all at the same time in a relatively confined space. Below are dates when the Port expects to complete key portions of the project

Memorial Plaza Sept. 2012 *
Memorial & Museum 2013 (Jan. – June)
Transportation Hub Oct. 2013 – June 2014
Freedom Tower 2013 (April – Dec.)

*The Port expects to have the plaza ready for a large public ceremony on the tenth anniversary of the attacks, Sept. 11, 2011. The memorial waterfalls at the Twin Towers’ footprints are scheduled to be finished then. The names of the people killed on Sept. 11, 2001 in New York, Washington D.C. and Shanksville Pa, and of the six killed at the World Trade Center in the 1993 bombing will be written on the walls surrounding the waterfalls. The plaza will then be closed to the public for a year before it is completed and opens to the public.



Workers lift steel for the Freedom Tower, right next to the east-west underground passageway from the train station, just two pieces to the new World Trade Center site plan.
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  #3860  
Old Posted Nov 21, 2008, 3:26 AM
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[QUOTE=NYguy;3923468]Comparison shot, from the cleanup of 2002 to construction in 2008:

From keyportkid



Alot sure has happened since this was taken.
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