Posted Feb 4, 2011, 11:58 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 57,103
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^ Nice.
FEBRUARY 4, 2011
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I'd say we are about 2 floors from reaching or surpassing 7 WTC.
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Adding this piece of news...
http://www.crainsnewyork.com/article/20110204/REAL_ESTATE/110209927/0/REAL_ESTATE#
Conde Nast's WTC lease down to 'last drafts'
Signing could come as soon as late this month says Douglas Durst; if it and other pending deals are signed, the 1,776-foot tower would be 85% leased.
By Theresa Agovino
February 4, 2011
Quote:
The deal for Conde Nast to lease 1 million square feet at One World Trade Center could be signed as early as this month but is more likely to be inked in March, says Douglas Durst, chairman of the Durst Organization, which has an agreement to buy a $100 million stake in the tower at Ground Zero.
“Things are going well,” Mr. Durst said . “”We are getting down to the last drafts of the lease.”
In the meantime, Mr. Durst is heading to China next week to prospect at an economic conference for tenants. So far, the only tenant who has signed a lease for space in the 2.6 million-square-foot tower is China-based Vantone Industrial Co., which is sponsoring the conference that Mr. Durst will be attending. Mr. Durst said Vantone executives told him that among the attendees would be firms interested in leasing space in the tower.
”This is the type of tall tower that will generate interest for Chinese companies,” Mr. Durst said. “It is the kind of building that stands out. It makes a statement.”
Typically, building owners don't make special trips overseas to market their properties. However, there has been international interest in the building for several reasons. At 1,776 feet, One World Trade Center is going to be the city's tallest tower, and it is a symbol of the city's resilience in the aftermath of the September 2001 terror attacks. In addition, the tower is expected to earn a gold Leed rating from the U.S. Green Building Council.
Last year, Tara Stacom, Cushman & Wakefield Inc. vice chairman, and Christopher Ward, the head of the Port Authority of New York & New Jersey, went to Europe to meet prospective tenants. The trip hasn't yielded a tenant, but Ms. Stacom said she is in contact with people she met, and she plans to go back later this year.
“It is an address that is known around the globe,” said Ms. Stacom, who leads the building's leasing team. “International companies are clamoring for information.”
Ms. Stacom said when she heads back overseas, she hopes to have more marketing materials to show than she took the first time. She notes the building still doesn't have an official logo or promotional materials, yet.
Even without materials, the effort has been going very well. Aside from the Conde Nast deal, the Port, which owns the building, and the Dursts are negotiating with two government agencies to take a total of 1 million square feet. If all the deals are signed, the building will be 85% leased.
The deal between the Port and the Dursts should close in the next two months.
Conde Nast's broker, CB Richard Ellis Inc. chief executive officer for the New York Tri-State region Mary Ann Tighe, declined comment.
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Last edited by NYguy; Feb 5, 2011 at 12:21 AM.
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Yep, I see forms.
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