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......

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......

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......

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......

In another sign that progress is being made at the World Trade Center site, the first of the steel beams to be used in the building of the Freedom Tower will be on display at Battery Park City tomorrow. Starting at 10 a.m. relatives of 9/11 victims and first responders will be able to sign the thirty-ton beam. Between noon and 3 p.m. the public will be allowed to also sign the beam, which......

World Trade Center developer Larry Siilverstein might be starting a global war of the words as he now claims a deal company Beijing Vantone to rent the top 7 floors of 7 World Trade Center has collapsed. Silverstein says the Chinese real estate company failed to meet a deadline for a security deposit (for the fourth time), but Vantone's spokesperson says lease negotiations only ended 10 days ago. The NY Times suggests that Silverstein may......

Almost two years ago, the cornerstone at Ground Zero was placed at the World Trade Center site. But now it's been moved to Hauppague, NY! The NY Times reports that the largely symbolic slab of granite was moved in order to accomodate the new designs for the space, as there's been a new Freedom Tower design in the meantime. Developer Silverstein Properties said the cornerstone "needs to be repositioned to make sense in the new......

At noon today, Suzanne Vega and Lou Reed will play a free concert at the opening of 7 World Trade Center. As we all know, 7 WTC is the only tower to be rebuilt since 9/11; the plaza already opened this week. The first tenants (the developers of the building - Silverstein Properties) will move in Friday, followed by the architects (Norman Foster, Jean Nouvel and Richard Rogers) working on the three buildings being......

Wow, this is the happiest we've ever seen World Trade Center leaseholder Larry Silverstein, pictured here with Silverstein Properties vice president Janno Lieber, after announcing that he will accept the Port Authority's deal (ultimatum) over the development of Ground Zero. (Usually, in photographs, you can tell he's not the happiest camper.) There are still a couple "logistical issues" for Silverstein and the Port Authority to work out, but he has agreed to the recent......

Mayor Bloomberg gave his State of the City address yesterday, and while he revisited many initiatives (development across all boroughs, crime and safety), there were two new ones and they were big. One was a call for unions to accept concessions on pensions and healthcare - which alreday has some unions up in arms. The other was World Trade Center leaseholder Larry Silverstein to ship out of Towers 3 and 4. Here's that part of......