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Big Spender: One World Trade Center Sinks "Tens Of Millions" In Temporary Loading Dock

Big Spender: One World Trade Center Sinks "Tens Of Millions" In Temporary Loading Dock

On the heels of a report that One World Trade Center is now the world's most expensive building, costing an estimated $3.8 billion, the Post now says a delay with the skyscraper's underground loading dock "can’t be finished in time for [Conde Nast] and other tenants to use the planned 13 cargo bays to move in equipment to build out their space... As a result, the PA is scrambling to construct a temporary, above-ground loading dock with just five bays. The unexpected change in plans will add 'tens of millions' of dollars to the cost of building 1 WTC, sources said." And the temporary PATH station is at fault! more ›

At $3.8 Billion, 1 World Trade Center Is The Most Expensive Building In The World

At $3.8 Billion, 1 World Trade Center Is The Most Expensive Building In The World

As One World Trade Center has passed the 90th floor of its construction, it's reached another milestone: It's now costing more than $3.8 billion. The Wall Street Journal reports that it's the "world's most expensive new office tower, according to people familiar with the matter. The new figure [is] up $700 million from the latest public estimate." more ›

For Freedom And Lightning: 1 World Trade Center Will Be Taller Than 1776 Feet

For Freedom And Lightning: 1 World Trade Center Will Be Taller Than 1776 Feet

Years and years ago, a number of city and state officials gathered together to figure out what kind of building should be the centerpiece of World Trade Center redevelopment. Freedom Tower, at 1776 feet (including spire and antennae), was unveiled in December 2003, only for the Daniel Libeskind-design to be scrapped for one by Skidmore Owings & Merrill's David Childs. But that revised design remained a patriotic 1776 feet, even if officials say the building should be called "One World Trade Center." Now, it looks like the tower will be actually even more patriotic than previously thought. more ›

Video: Check Out Construction, CGI At One World Trade Center

Video: Check Out Construction, CGI At One World Trade Center

With the tenth anniversary just days away, World Trade Center developer Larry Silverstein has created a video that shows the progress (which has been remarkable) at the site and what the site and One World Trade Center (the former Freedom Tower) eventually will look like, courtesy of some CGI. more ›

Exclusive: World Trade Center Progress Tour

Exclusive: World Trade Center Progress Tour
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On Friday, we went down to the World Trade Center site to see how construction of 1 World Trade Center and the 9/11 Memorial is progressing. It's striking how much progress there has been since April last year, when we last visited: The plaza and 9/11 museum pavilion seem nearly complete, and 1 WTC is officially a skyscraper, rising more than 70 stories above Ground Zero and visible for miles around. more ›

Google Maps' World Trade Center Views: Very Out-Of-Date

Google Maps' World Trade Center Views: Very Out-Of-Date
     

Last week, Port Authority Executive Director Chris Ward mentioned that construction of One World Trade Center is more than half of its planned height and by the 10th anniversary of the September 11 attacks, people will be able to see an 85-90 story structure. But if you happen to look at Google Maps, you might see a bunch of dirt. more ›

Condé Nasties On Ground Zero Move: "Just Shoot Me"

Condé Nasties On Ground Zero Move: "Just Shoot Me"

Yesterday, Condé Nast sent a memo to its employees alerting them that it was negotiating a move from Times Square to the World Trade Center in 2014. One "insider" told the Post, "I don't think they would have sent the memo if it wasn't a done deal," and many staffers were upset enough to say things like, "It's just depressing. Everybody is pretty bummed out about it. Nobody wants to move down there," and "If I'm still here by then, just shoot me." more ›

Condé Nast Is Moving Way Downtown—To 1 World Trade Center

Condé Nast Is Moving Way Downtown—To 1 World Trade Center

As rumored/speculated, the NY Times reports that Condé Nast signed a tentative deal to moves its magazines to Freedom Tower One World Trade Center: "The 1,776-foot-tall skyscraper will be the tallest building in New York when it is completed in 2013. If the deal goes through, employees of Condé Nast — publisher of Vanity Fair, The New Yorker, Vogue and 15 other magazines — would move in 2014 from their current home in Times Square." more ›

Durst Seen As "Front-Runner" In 1WTC Derby

Durst Seen As "Front-Runner" In 1WTC Derby

According to the NY Times, there's a "front-runner" for the suddenly coveted One World Trade Center. The Times says Douglas Durst is "favored" by the Port Authority Board: "Mr. Durst would invest at least $100 million in 1 World Trade Center," BUT some board members are still undecided. Apparently Durst "proposed a deal in which it would share the risks if leases are signed slowly for 1 World Trade Center, but also get a greater share of the profits if the building is successful," while the other bidder, Related Companies, "is seeking a return for its investment no matter what happens with 1 World Trade Center." An return on investment, who would have thought! more ›

World Trade Center's Sky-High Subway Sandwich Shop

World Trade Center's Sky-High Subway Sandwich Shop

Sorry, foodies, the most exclusive new eatery may be the Subway shop that's operating at the World Trade Center site. You basically have to be a member—of a union, that is—to gain access to the Subway sandwich shop that's opened up in the under-construction 1 World Trade Center (here's a glimpse of it from a few months ago). It was lifted up last December and will be elevated higher and higher as construction continues—up until the 105th floor. more ›

Why Conde Nast Might Move To "Creepy" Ground Zero

Why Conde Nast Might Move To "Creepy" Ground Zero

Last week, it was revealed that publisher Conde Nast was mulling moving to One World Trade Center (Freedom Tower). The Observer spoke to one Conde executive who pointed out that at their current building, 4 Times Square, "We're paying below market rent here, and at some point, it goes to market. That's a huge jump. When we moved to Times Square, market rent was nothing like what it will be when our lease expires." Still, other Conde veterans are down on a move to Ground Zero, offering, "The place is a cemetery. It's creepy," and "There's not one person from editors on down who wants to move down there. Even people who could walk there don't want to move there." more ›

A Vogue Idea: Conde Nast Considers Move To Freedom Tower

A Vogue Idea: Conde Nast Considers Move To Freedom Tower

Last month, a number of real estate developers were vying to buy a minority stake in One World Trade Center, also known to the patriotic as Freedom Tower, because, as one stated, it "has real international significance, and it’s important for New York." Now the NY Times reports that there may be enough international significance to prompt publisher Conde Nast to move its publications there. more ›

Antenna Plans Shorting Out At (Freedom Tower) 1 WTC

Antenna Plans Shorting Out At (Freedom Tower) 1 WTC

Freedom Tower, the building known as One World Trade Center, was planned with a patriotic height 1,776-foot height, with the help of a spire with a broadcast antenna inside. But now the Observer reports on "signal trouble": "According to multiple people familiar with discussions, the Metropolitan Television Alliance, a consortium of local television stations, last month informed the Port Authority that it would not be proceeding with a deal for its members to broadcast from an antenna atop the 102-story tower at the World Trade Center site." The MTVA were asked, back in 2003, to pay $20 million to build the antenna and pay $10 million/year rent, but given the economy—and the facts that their signals are fine now and that there are other available, already-built antennas around town—MTVA has been rethinking things. The Port Authority, though, tells the Observer that the spire to hit 1,776-feet "continues to be part of the design." more ›

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