Entries from Gothamist tagged with 'larrysilverstein'
March 2, 2008
Before going for the gold, French actress and Oscar winner Marion Cotillard made some remarks in a 2007 interview regarding 9/11, and some aren't as charmed by her words as they were by her Oscar speech. Nonetheless, Cotillard sides with the conspiracy theorists when it comes to 9/11...and the moon landing! BBC News has a partial transcript:"We see other towers of the same kind being hit by planes, are they burned?" she asks. "There was......
Continue Reading "Oscar Starlet Questions 9/11 (and Moon Landing)"February 25, 2008
You may recall that the original Freedom Tower design had to be scrapped (because the NYPD thought it was too susceptible to attack) and redesigned with a concrete base. Now the Daily News' I-Team takes up concerns law enforcement officials have with "security weaknesses" in the new towers at World Trade Center. The three new towers have too much glass and are "positioned too closely to city streets, increasing their vulnerability to attack." Also,......
Continue Reading "Worries About New World Trade Center Towers"February 19, 2008
Better late than never: The Port Authority turned over part of the World Trade Center site to developer Larry Silverstein. This parcel of land is where two of the five planned towers will be built. As part of Silverstein's deal with the Port Authority back in 2006, the PA would control the land but Silverstein, who held the lease to the WTC during the attacks, would be able to build on top of it. The......
Continue Reading "48 Days Late, WTC Land Ready for Construction"January 30, 2008
What Lower Manhattan will look like after Silverstein's buildings are completed; the Woolworth Building with its ornate green roof is on the left, 99 Church is the tall building to it right (and to the left of what is an illuminated Church street); to the right is the WTC site, with Freedom Tower and the other three towers; image from dbox/Silverstein Properties Developer Larry Silverstein announced yesterday that he will build an 80-story building......
Continue Reading "Silverstein Adds Another Lower Manhattan Skyscraper"January 17, 2008
Photograph of the World Trade Center site by New York Daily Photo We got a NotifyNYC alert this morning:The Port Authority will be doing construction blasting at the World Trade Center site today beginning at 8 a.m. There will be a total of 7 controlled blasts during the day. This is a routine construction operation and there is no cause for concern.The only cause of concern is how the Port Authority has incurred millions......
Continue Reading "Construction Blasting Today at Ground Zero"January 1, 2008
Wow - yet depressingly not surprising: The Port Authority will have to pay World Trade Center developer Larry Silverstein $300,000 for every day past December 31, 2007 that it does not turn over a part of the WTC site. The payment could be as much at $13.5 million or as little as $9.3 million. The PA and Silverstein worked out a deal back in 2006 where the PA would control the land but Silverstein, who......
Continue Reading "Port Authority to Pay Silverstein Millions Over WTC Delays"October 25, 2007
After many attempts by World Trade Center developer Larry Silverstein and state officials to keep brokerage Merrill Lynch downtown, the NY Times reports the firm "appears ready" to move to a new, yet-to-be built skyscraper on Seventh Avenue between 32nd and 33rd Streets. Currently Merrill Lynch has offices at 4 World Financial Center, and it seems that it wants "extra large trading floors." It's questionable whether a Midtown building to accommodate 11,000 employees would be......
Continue Reading "Merrill Lynch Likely to Relocate in Midtown"September 11, 2007
Tomorrow, the city and other organizations will mark the sixth anniversary of the September 11 attacks on the World Trade Center. Here's the official city commemoration:7AM: Families start to arrive at Zuccotti Park, where the ceremony will take place. 8:40AM: Mayor Bloomberg begins the program, which includes first responders reading victims' names and readings from NY Governor Spitzer, former NY Governor Pataki, NJ Governor Corzine and former NYC mayor Giuliani. Bagpipers and drummers lead......
Continue Reading "September 11: 6th Anniversary Commemoration Events "September 7, 2007
Five days before the sixth anniversary of the 9/11 attacks, developer Larry Silverstein released yet another round of renderings of the three Greenwich St. towers that will rise along the eastern edge of the 16-acre World Trade Center site. The final designs were unveiled yesterday at 7 World Trade Center. The buildings are scheduled to begin construction in January. The three towers’ new designs, described in a press release as “refined and more detailed......
Continue Reading "Revised Vision of the World Trade Center Site"September 6, 2007
The rebuilding process at Ground Zero took another small step forward today as final plans for Towers 2, 3, and 4 were unveiled. Larry Silverstein and a group of architects unveiled updated designs for the buildings, which are supposed to start construction in January. These plans are more detailed than the initial designs released last year, with more information on the lobbies, public spaces, and building facades. Silverstein says the buildings will be environmentally......
Continue Reading "Ground Zero Development News"August 6, 2007
Day One doesn't mean everything changes, but Governor Spitzer's administration has now offered a new idea for the so-called survivors' staircase at Ground Zero. The NY Times reports that the stairs would be kept "whole and intact" and "set into a long flight of steps leading from the visitors’ center at ground zero to the underground World Trade Center memorial museum, which is to open in 2009." And the Times has this picture of......
Continue Reading "Survivors' Staircase to Move to WTC Museum"June 14, 2007
After months of negotiations, JP Morgan Chase will announce plans to build a 42-story tower at Ground Zero. Government officials had been trying to entice the third-largest bank in the world to move downtown, as a sign the area would flourish once all the construction is complete. Chase wanted incentives and subsidies, much like the $650 million Goldman Sachs incentive deal, in order to be convinced to move downtown, but officials were wary. From......
Continue Reading "Thanks, Sweet Government Incentives!Chase Will Be Building at Ground Zero"
May 24, 2007
Developer Larry Silverstein is probably sleeping better: Yesterday, seven insurance companies agreed to pay $2 billion in payments, which brings the total insurance payout to $4.55 billion and allows all the constructions projects to move forward with what Governor Eliot Spitzer called "certainty." He also said, "It permits access to the capital markets, it resolves and eliminates one of the outstanding hurdles that had remained and it brings to closure years of litigation." Apparently......
Continue Reading "WTC Insurance Payout Totals $4.55 Billion"February 5, 2007
Today the NY Times introduces us to the man behind some of the city’s most boring buildings. Costas Kondylis, aka the Developer’s Architect, is a skyscraper-embracing traditionalist whose clients have included Donald Trump, Larry Silverstein, Related Companies (developer of the Time Warner Center), Forest City Ratner Companies (developer of The New York Times building and, of course, the Atlantic Yards project) and Vornado Realty Trust (the Penn Plaza towers), among others. Kondylis, who's worked on......
Continue Reading "Costas Kondylis: A Developer's Dream"January 23, 2007
As the architect Rafael Viñoly sees it, the Freedom Tower is utterly superfluous. This was the concluding thought of his public presentation on January 18, this year's first Third Thursday lecture sponsored by the Downtown Alliance. Rounding out his half-stoic, half-bitter account of the past five years' WTC design proceedings, he plugged the new book, Think New York: A Ground Zero Diary, which chronicles these affairs from the point of view of the novel......
Continue Reading "Viñoly Spanks Freedom Tower"January 11, 2007
This morning, construction workers will be laying down the first part of a steel retaining wall for three towers at the World Trade Center site. The towers are the ones designed by Norman Foster, Richard Rogers and Fumihiko Maki on the east side of the site. The Port Authority is in charge of laying the foundation for the three towers by the end of 2008, and then WTC developer Larry Silverstein will complete the......
Continue Reading "World Trade Center Development Updates"December 29, 2006
Here is part two of our semi-chronological look back at the top stories this past year (here is part one): Queens Blackout The Blackout of 2003, as irritating as it was, happened to the whole city, could be blamed on other states and didn't last too long. When parts of Queens lost power in July, Con Ed wrote it off as an isolated event affecting only a few thousands customers. But as Queens spent days......
Continue Reading "Top Stories of 2006, Part 2"November 1, 2006
A judge ruled that World Trade Center insurers do not have to pay an extra $700 million for current construction. Developer Larry Silverstein and his insurers had been arguing whether additional improvements to new buildings should be someting the insurers pay out. But U.S. District Judge Harold Baer decided that the money paid out should only cover what it would cost to build the original, pre-September 11 World Trade Center design. Silverstein is still......
Continue Reading "Ground Zero News Roundup"October 10, 2006
Along a dark and lonely strip in the Bushwick section of Brooklyn, underneath the El train - at 1087 Broadway, to be exact - sits a shop. What kind of shop it is is hard to say. There might be a guy at a table drinking a can of beer and reading a yellowed paperback. Another table could have a cat stretched across it. There's a small counter on your left, with a couple of......
Continue Reading "Steve Trimboli, Owner of Goodbye Blue Monday"September 19, 2006
State and federal agencies may have agreed to lease over a third of the space in Freedom Tower, but it doesn't mean people actually want to work there. The NY Times spoke to prospective employees from agencies who have mixed feelings about going. While some think it would be an honor, one state Department of Transportation employee, Alicia Ferrer who escaped from the World Trade Center on September 11, said:“If my life depended on it,......
Continue Reading "No One Really Wants to Work at Freedom Tower"September 8, 2006
The unveiling of the new buildings - Towers 2, 3, 4 - that will accompany the Freedom Tower at the redeveloped World Trade Center was met with excitement yesterday, proving there's nothing that beautiful computer renderings, a who's who of architects, and a healthy dose of optimism can't do. The NY Times updated its article about the announcement yesterday and also has an article about the pink elephant in the room: How slow progress......
Continue Reading "Welcome to the WTC Neighborhood"September 7, 2006
The new designs for the other buildings at the World Trade Center have been released, and forgetting all the other arguments, the computer renderings show a glittering, rather dazzling skyline. And the buildings will be TALL. The NY Times' David Dunlap reports on the new designs and give some analysis of how the buildings would work within the city:The developer of the new World Trade Center unveiled the designs this morning for three skyscrapers......
Continue Reading "Vision of World Trade Center in the Future"August 29, 2006
There is nothing funnier - or crazier - than a bunch of rich developers crying over the spilt milk that is a building that slipped through their hands. And the building in at the center of what could be many lawsuits is the GM Building at Fifth Avenue and 58th Street, beloved to many as "where the Fifth Avenue Apple Store is." The NY Times has a feature about two lawsuits from two developers......
Continue Reading "If at First You Don't Succeed, Sue"August 14, 2006
With four weeks until the fifth anniversary of September 11, lots of magazines are rolling out their "September 11 think pieces." And New York devotes their cover feature to "What If 9/11 Never Happened?," with essays from a wide variety of people - Andrew Sullivan gives a faux blog, Slate's Supreme Court correspondent Dahlia Lithwick has a scary view of what the law would be like, writer Tom Wolfe (who suggests the same), deputy mayor......
Continue Reading "September 11 as New York Magazine's Big What If"June 27, 2006
WTC leasholder Larry Silverstein and the Port Authority are suing comapnies for withholding funds which are keeping them from starting work on the World Trade Center. Naturally, in surance companies don't want to pay out, but to prevent the building of something as symbolic as the new World Trade Center sounds like a PR disater. And the construction union members rallied in support of the lawsuit - one carpenter told NY1, "The question everywhere I......
Continue Reading "Coverage Money and Memorial Names Are Today's WTC's Fights"June 20, 2006
The jury is still out on whether developr Larry Silverstein will be able to attract tenants to 7 World Trader Center, but he's got a new "major" tenant: Moody's Investors Service, which will take 15 floors (7WTC is 52 floors) - a total of 600,000 square feet. The NY Times is quick to point out that though Silverstein "held out for a premium rent downtown," a few factors worked in his favor: 1) Rising Midtown......
Continue Reading "Pricey Midtown Rents Mean Big Tenant for 7 WTC"June 14, 2006
Construction crews may be getting ready to blast bedrock to make way for the Freedom Tower, but yesterday yet another potential wrench was announced. The chairman of the Port Authority, Anthony Coscia, said the tower will have be to scaled back if government groups don't lease space in the 1,776 foot building. More specifically, government groups need to agree to take on 1 million of the 2.8 million square foot building by September in order......
Continue Reading "Freedom Tower's Latest Obstacle: Finding Tenants!"May 24, 2006
With the rest of the World Trade Center redevelopment mired in a bureaucratic morass, the opening of 7 World Trade Center was greeted with joy, excitement, and yes, even praise for beleagured developer Larry Silverstein for actually building something. The festive opening ceremonies lacked Governor Pataki and Mayor Bloomberg, who had "other commitments," giving center stage to Silverstein who said, "We've come a very long way. What you're looking at today is just the beginning."......
Continue Reading "Larry Silverstein, a Hero? 7 World Trade Center Opens"May 19, 2006
State Assembly members met with various parties involved with the World Trade Center rebuilding yesterday to discuss development progress. Or, rather, the lack of progress. Assemblyman Richard Brodsky even said, "I wouldn't do any more groundbreaking right now" as a zing to all the ceremonies, photo ops and public puffery but little actual work getting done. And what's more, WTC leaseholder and developer Larry Silverstein says that insurance companies may not pay out all of......
Continue Reading "WTC's Billions of Rebuilding Insurance Dollars in Questions"May 14, 2006
On Sunday's Gothamist publishes opinions submitted to us by readers, in this case Andrew Bast. These opinions do not necessarily represent those of Gothamist LLC or its editors. Almost two years ago, Governor George Pataki helped to lay the 20-ton, Adirondack granite cornerstone for the Freedom Tower. And it wasn't until just this past month that the financial bickering between Larry Silverstein and the Port Authority were finally sorted out so construction could begin in......
Continue Reading "Opinionist: Desperately Seeking Leadership"
