Statement by Port Authority Regarding Preparation of WTC Sites
Dec 31, 2007
The Port Authority announced today that it has substantially completed the excavation of the basement area for Towers 3 and 4 at the World Trade Center site, and that it would complete the entirety of...
President Signs TRIA
Dec 27, 2007
President Bush today signed the Terrorism Risk Insurance Act extending the federal backstop on terrorism risk insurance until the end of 2014.
Silverstein Properties and CalSTRS Purchase 1177 Sixth Ave
Dec 20, 2007
Silverstein Properties and its joint venture partner, the California State Teachers' Retirement System (CalSTRS), announced today that it has acquired 1177 Sixth Avenue in midtown Manhattan from Param...
Delay on 9/11 Shrine
Dec 19, 2007
The opening of the World Trade Center memorial to victims of 9/11 has been pushed back by two years until 2011, the Port Authority said yesterday.
Congress Extends Terror Insurance
Dec 19, 2007
Federal backstops for terrorism insurance, a result of the Sept. 11 attacks, would be extended for another seven years under legislation the House passed Tuesday and sent to President Bush.
A New Deal to Develop Ground Zero
Dec 18, 2007
The Port Authority of New York and New Jersey is expected to approve a deal Tuesday that would bring an international shopping center operator back to ground zero to help build retail space in the bui...
WTC Site Construction Update, December 2007
Dec 07, 2007
Steady progress on the site's signature elements of the Freedom Tower, the World Trade Center Memorial, and the new transportation hub has been ongoing since April of 2006. The following lists the maj...
Church Destroyed on 9/11 Donates Artifacts to Tribute Center
Dec 07, 2007
A crucifix recovered from ground zero and a photograph of a church that once stood near the World Trade Center were presented to a Sept. 11 visitors' center on the church's 91st anniversary.
Spitzer, Bloomberg Urge TRIEA Change
Dec 04, 2007
New York’s governor and mayor made a plea today that a provision providing an incentive for insurers to cover terrorism risk in prime target areas be included in legislation extending the federal ba...
Global Infrastructure Leadership Forum at 7 WTC
Nov 29, 2007
CG/LA Infrastructure announced today the confirmation of several new projects for the Global Infrastructure Leadership Forum, including the Panama Canal Expansion. The Global Infrastructure Leadership...
WTC Work Moves Forward With Foundation Contracts
Nov 21, 2007
Work on World Trade Center Towers 3 and 4 has taken a step forward now Silverstein Properties has awarded Yonkers Contracting Co. of New York the contracts to build the foundation for the two building...
Silverstein Properties Awards World Trade Center Foundation Contracts
Nov 20, 2007
World Trade Center developer Larry Silverstein today announced that Yonkers Contracting Company, Inc. of New York has been awarded contracts to build the foundations for World Trade Center Towers 3 (1...
Senate Passes Terror Insurance Bill
Nov 19, 2007
The Senate voted Friday to extend for seven years a post-Sept. 11 law guaranteeing federal help for the insurance industry in the event of a catastrophic terrorist attack.
Dressing Up Those Bleak Downtown Construction Sites
Nov 13, 2007
Yes, those are orange zebra stripes on the traffic barriers along lower Broadway. Yes, the 14-foot-tall plywood lightning bolts on John Street take the place of common sidewalk scaffolding. And yes, t...
Happily, Moving Downtown is More than We Bargained for
Nov 12, 2007
It has been just over a year since the New York Academy of Sciences left its stately long-time headquarters, the former Woolworth mansion on the Upper East Side, for what has turned out to be an extra...
LMDC Awards $37 Million in Community Grants
Nov 09, 2007
The Lower Manhattan Development Corporation (LMDC) announced Thursday that it will award more than $37 million in grants toward the creation or expansion of community-enriching programs, services, and...
Fire Dept. Changes Way Demolition Is Supervised
Nov 08, 2007
The Fire Department announced yesterday that it was changing the way it inspects buildings under construction or being torn down, to avoid the confusion that contributed to the deaths of two firefight...
World Trade Center Site Construction Update, November 2007
Nov 01, 2007
Construction is well underway at the World Trade Center site in Downtown Manhattan. Steady progress on the site's signature elements of the Freedom Tower, the World Trade Center Memorial, and the new ...
Merrill Lynch Weighs Move from Lower Manhattan to Midtown
Oct 26, 2007
Merrill Lynch & Co., the world's largest brokerage firm, is considering a move from lower Manhattan to a midtown site near Pennsylvania Station.
All Signs Pointing Up in Downtown Manhattan
Oct 25, 2007
In Lower Manhattan and nearby TriBeCa, every segment of the real estate market is hot as a pistol. Thousands of tourists from around the world, yuppies and eco-boomers, financial service executives, a...
Silverstein Properties Builds Second Residential High-Rise on West 42nd Str...
Oct 24, 2007
Construction has begun on "Silver Towers at River Place," two 60-story residential towers connected by a six-story base at 600 West 42nd Street, the companion to I River Place, a 40-story, 921-unit to...
Silverstein Properties Announces Two Lease Commitments at 120 Broadway
Oct 23, 2007
Silverstein Properties today announced that ALM, a leading media company that publishes 33 national and regional magazines and newspapers, including The American Lawyer, Corporate Counsel, The Nationa...
Sept. 11 Traveling Memorial Stops in Sioux Falls
Oct 22, 2007
It was a somber mood in the Empire Mall parking lot Saturday as visitors to the traveling Sept. 11 disaster memorial looked at pictures of the day of the attacks on the World Trade Center.
PA Picks Leasing Agent for Freedom Tower
Oct 19, 2007
Locally based Cushman & Wakefield has been named the exclusive leasing agent for 1 World Trade Center, the Freedom Tower, by the Port Authority of New York and New Jersey. The Freedom Tower, which is ...
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