From New York YIMBY forum
Quote:
AntonioL, December 8, 2022
I attended the NYU Schack capital markets conference where Larry Silverstein spoke. He mentioned multiple times that he is determined to get this thing built. He hinted that there are several large tenants swirling and that he is very confident he could fill the 3M SF of space. He then said that he expects construction to start in 2024 and for the building to deliver in 2029.
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Sounds about right. Now that St. Nicholas Greek Orthodox Church is open (albeit having uncompleted work on the western roof terraces and missing panels on the dome, with construction machinery and vehicles yet to be removed from Liberty Street and with the northern stairway entrance still not accessible to pedestrians),
the PAC will probably be the next to finish construction and open to the public, likely sometime in 2023 (imo at the current rate, probably sometime in the summer or fall of 2023).
After that, 5 WTC will probably start more actively being considered for start of actual construction in (again imo) mid to late 2023 at the earliest.
While 5 WTC is rising, construction of 2 WTC will likely come under more active consideration.
Larry still seems to be very optimistic that he can get an anchor tenant, despite all signs showing otherwise. His insistence on not building on spec is holding up construction, while the prognostics for getting large tenants for office space in Lower Manhattan are only getting less optimistic over time.