Posted Feb 11, 2011, 7:21 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 57,146
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http://online.wsj.com/article/APddbd52b089424c1390b9b62fad71930a.html
1 World Trade Center courts Chinese companies.
February 10, 2011
Quote:
The quest for tenants to fill office space at the World Trade Center site's signature skyscraper has gone global — all the way to China.
A Chinese real estate company is the first — and only business — to ink a lease at 1 World Trade Center, the iconic 1,776-foot tower under construction at ground zero. The building, with its height, state-of-the-art technology and international symbolism, has generated "tremendous interest" among Chinese companies seeking to move overseas, developer Douglas Durst told The Associated Press on Thursday.
"It's going to be the tallest building in the city," he said. "Everybody is going to know where they are when they say they're in the World Trade Center."
..."It's a very well-known building in China," said Ya Xue, president of the China Center, an organization started by Vantone that acts as a resource for Chinese companies coming to the United States. "The people in China, they recognize the landmark building."
The China Center is also leasing space at a trade center building, 7 World Trade Center, which was rebuilt five years ago after it collapsed on Sept. 11, 2001.
Other Chinese businesses have started taking an interest in New York.
At least 25 Chinese companies have taken about 750,000 square feet of commercial space, including China's second-largest steel company and its state news agency, said Ann Li, senior director at the city's Economic Development Corporation.
She said New York made sense as a first stop for Chinese companies looking to expand into North America because of its diversity and cosmopolitan style. And if Chinese companies, some state-owned, are going to take up office space here, Li said, they want it to be somewhere high-profile. That's among the reasons locations like 1 World Trade Center generate interest.
"Yes, they're here to do business, they're also here to make a statement for the country," Li said. "They want to be in the most high-profile location, to say, 'Take me seriously, I'm a world-class company.'"
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