Tuesday, April 25, 2006


There might be end in sight for some of the delays at the World Trade Center site. Lois Weiss reports that 2 World Trade Center will be designed by a world reknowned architect. Hopefully, the other political barriers for revitalizing WTC will soon be eliminated.

PLANS for one of the key buildings at Ground Zero are starting to jell.
The 65-story tower, referred to as "building two," will have a 200 Greenwich Street address and is being designed by Lord Norman Foster.

Foster designed Hearst's "Crystal Cathedral" and is planning two towers for RFR Holdings - one at 610 Lexington and 53rd St. by the Seagram Building, and the other on the old Sotheby's building at 77th and Madison. You can be sure all the curtain walls will be creative and unique.

We already know the base of "two" will include 130,000 feet of street and underground retail connecting directly to Santiago Calatrava's PATH station just across the new Fulton St.

Responding to downtown market needs from the financial services sector, however, we've now learned that developer Larry Silverstein has Foster including "up to" five floors specifically designed for trading. These floors will be sandwiched between the retail and regular office space above, and will obviously rent for a premium.

"There's a trading floor shortage," advised one prominent broker who has seen the plans.

Should be a very interesting project.

TRADING PLACES AT 'TWO' By LOIS WEISS - New York Post Online Edition: realestate


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