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Thread: 7 World Trade Center - by Skidmore, Owings and Merrill

  1. #751
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    Apparently the employees will be moving from a lot further away:

    7 World Trade Center Is Said to Be Close to Signing Its First Tenant

    By JOSEPH P. FRIED

    Published: July 26, 2005

    After trying for months to find its first tenant, the developer of the first new building at the World Trade Center site is expected to soon sign a lease with a unit of American Express that is to become an independent company, people briefed on the lease negotiations said yesterday.

    They said that the first tenant, now still known as American Express Financial Advisors, would take about 20,000 square feet of space in 7 World Trade Center, a 52-story building that is scheduled to open early next year.

    The amount of space involved in the first lease is just 1 percent of the building's expected total, 1.7 million square feet, and the deal does not guarantee that the $1.3 billion building will have a flourishing future. But champions of Lower Manhattan's redevelopment in the wake of the Sept. 11 attack said they considered the likely completion of the deal a welcome development.

    "There's always an opener," Sheldon Silver, the speaker of the State Assembly, who represents Lower Manhattan, said yesterday. "I think it will be the first of many" deals, he added.

    A spokesman for the developer, Larry A. Silverstein, said he and American Express Financial Advisors, which provides brokerage, asset management and insurance services, were in "very serious negotiations." But the spokesman, Howard J. Rubenstein, said Mr. Silverstein would not comment "pending completion of these negotiations," which were first reported by Crain's New York Business.

    A spokesman for American Express Financial Advisors, which is based in Minneapolis and will soon become known as Ameriprise Financial, also declined to comment on the negotiations.

    The company has 7,000 employees in Minneapolis. It could not be determined how many of their jobs would move to 7 World Trade should the lease deal be completed. The headquarters of its current parent company, American Express, are across the street from the trade center site, in the World Financial Center.

    The financial services company would be the building's first outside tenant. Mr. Silverstein plans to move the offices of his own real estate company there from Midtown.

    Mr. Rubenstein and Mr. Silver said tenants' interest in renting space picked up after the State Legislature last month passed a package of financial incentives - spearheaded by Mr. Silver and supported by Gov. George E. Pataki - intended to revitalize Lower Manhattan commercially and lure tenants.

    Mr. Silverstein has been seeking $50 to $55 a square foot for space in his new building, a price that real estate specialists have seen as an impediment to signing tenants because the average is about $35 in Lower Manhattan these days. With the financial incentives, though, the rent will effectively be reduced to the low $40's a square foot, Mr. Silver said.

    Copyright 2005 The New York Times Company

  2. #752

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    Major work going on on the plaza in front of the building last few days. Much of the base is done and I can't say it looks great but it's not as bad as I thought it would've been. The entrance is coming together and bright gay purple lights were on inside yesterday lol. So if you guys want to see basically what the Freedom Tower is going to look like I suggest you take a trip.

  3. #753

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    Quote Originally Posted by Jake
    Major work going on on the plaza in front of the building last few days. Much of the base is done and I can't say it looks great but it's not as bad as I thought it would've been. The entrance is coming together and bright gay purple lights were on inside yesterday lol. So if you guys want to see basically what the Freedom Tower is going to look like I suggest you take a trip.
    Ooo! Sounds exciting! Hopefully those purple lights will be all over the Freedom Tower...spice up city life ya know.

  4. #754

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    Someone please take a picture of that

  5. #755

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    A lot of empty space in this nearly completed building...





    Last edited by Citytect; June 16th, 2006 at 02:38 AM.

  6. #756

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    Took a pic today too, but mine is crap by comparison lol
    From Gateway Plaza looking at the south side of the base
    http://www.wirednewyork.com/forum/at...tid=1091&stc=1

    BTW, blue seems to be a great color for a building at certain times of the day, mostly early and late, but it seems to me that that tint looks really worn out at midday.
    Attached Thumbnails Attached Thumbnails Click image for larger version. 

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  7. #757

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    Quote Originally Posted by Jake
    BTW, blue seems to be a great color for a building at certain times of the day, mostly early and late, but it seems to me that that tint looks really worn out at midday.
    That's true. On a beautiful day with fluffy white clouds the building is quite striking. But under dreary grey skies the glass multiplies the gloominess. And under clear, cloudless skies with the sun beaming overhead makes the building seem washed out.

  8. #758

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    But under dreary grey skies the glass multiplies the gloominess
    off topic again but it;s just too funny...

    possible future headline:

    "Construction halted amid concerns of blue window tint causing depression"

  9. #759
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    I'm really diggin' how the base of 7WTC resembles the old facade of the WTC with the reflective metal, vertical colums and of course 2 dark bands wrapped around the building, It was probably done on purpose but I like it!

  10. #760

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    The base dosnt look AS bad as I thought it would. Although, I would still preferred the glass to continue down. Has anyone seen the base lit up at night yet? Are there any other areas the tower is supposed to light up at?

  11. #761

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    I haven't looked at it in the dark lately but I think they still have teh construction light bulbs inside so no nice lighting yet, at least none that I know of, The lobby has lights though

  12. #762
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    NY Newsday

    7 WTC almost complete, awaits tenants

    BY PRADNYA JOSHI
    STAFF WRITER

    August 29, 2005

    The sweeping view of the Manhattan skyline from the 52nd floor of 7 World Trade Center looking north could easily be a scene from a Ken Burns documentary.

    With a breathtaking vantage point, tenants will hardly notice the reinforced core, the environmentally friendly water usage and cutting-edge art featured in the lobby.

    Although many other plans for downtown development remain in flux, Silverstein Properties' 7 World Trade Center is just about done. The $700 million building is about 90 percent complete and will be ready for tenants to move in around March 2006.

    At its peak, nearly 1,000 people worked on erecting the building and now about 400 people on any given day labor on the 741-foot tower.

    "We get a little extra productivity on the job," said Jack Klein, vice president of construction at Silverstein. "It's more of a privilege to work here."

    Already, the Consolidated Edison substation taking up the first four floors is up and running and feeding power to much of lower Manhattan. Currently, workers are installing the 29 elevators, commissioning the mechanical systems that will control the building and installing amenities for a park such as fountain and other greenery that will greet people entering on Greenwich Street.

    President Larry Silverstein is aware that many naysayers still hound him about one critical issue: the lack of committed tenants for the building. But this building is being built "on spec," or without an anchor tenant. Such a move can be financially risky, but Silverstein built the original 7 WTC on spec in 1987 and was able to fill it up. In addition, new city and state incentives passed this summer have spurred interest, said Steve Siegel, chairman of global brokerage of CB Richard Ellis, the exclusive real-estate agency for the building.

    So far, Ameriprise Financial, a subsidiary that is separating from American Express Co., is rumored to be close to signing a deal for about 20,000 square feet. That still leaves most of the 1.7 million square feet available. CBRE is slated to open a sales and marketing office next month at the base of the building, making it easier to show off the building to prospective tenants. Silverstein also hopes that with an address at 250 Greenwich St., the building's connection to trendy TriBeCa will attract tenants.


    Exterior photo of 7 World Trade Center in lower Manhattan


    Exit stairs of 7 World Trade Center are 20 percent wider. The tube under the hand rail is an emergency lighting system which runs throughout both staircases. Photo taken on August 25, 2005 in lower Manhattan.


    Reinforced concrete walls inside 7 World Trade Center, protect the building core for the full height of the building, including exit stairs, elevators and building lobby. The fireproofing material used to protect the steel structure is more than 5 times as durable as required by building codes. Photo taken on August 25, 2005 lower Manhattan.


    Frank Hussey of Tishman Construction, shows the width of the newly designed reinforced concrete walls of 7 World Trade Center in lower Manhattan. Photo taken on August 25, 2005.


    Exterior photo of 7 World Trade Center in lower Manhattan on August 25, 2005.


    Reinforced concrete walls inside 7 World Trade Center, protect the building core for the full height of the building, including exit stairs, elevators and building lobby. The fireproofing material used to protect the steel structure is more than 5 times as durable as required by building codes. Photo taken on August 25, 2005 lower Manhattan.


    Men working in the lobby of 7 World Trade Center in lower Manhattan on August 25, 2005.


    The beam that connects the core and the reinforced concrete walls inside 7 World Trade Center. Photo taken on August 25, 2005 lower Manhattan.

  13. #763
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    Chinese firm eyes big site for NY center


    by Julie Satow

    One of China's largest real estate companies is seeking up to 1 million square feet of office space in Manhattan to create a center for Chinese companies establishing operations in the United States.

    Beijing Ventone Real Estate gave formal approval earlier this month to seek suitable office space in the city, according to New York businesspeople who have been working with the company. It would lease the space, and then sublease offices to Chinese companies that want a headquarters in the West. Ventone would provide those companies with support services such as conference facilities and translators.

    Ventone is considering both midtown and downtown for the new venture, but city leaders are pushing hard for a downtown location.

    "We are hopeful that they'll go to 7 World Trade Center," says Kathryn Wylde, president of the Partnership for New York City. A meager 20,000 square feet of the 1.7 million-square-foot World Trade Center tower is leased, not including an office for the developer and World Trade Center leaseholder, Larry Silverstein.

    City officials agree that a downtown location is best. The plan "dovetails nicely with what we are trying to accomplish downtown," says Josh Sirefman, assistant to Deputy Mayor Daniel Doctoroff. "Ventone's preference is for lower Manhattan, from what I understand." A number of Chinese companies were located at the original World Trade Center.

    Still, space abounds in midtown, which could pose competition for the site. Blocks include 1 million square feet at the Bank of America tower at 1 Bryant Park and 700,000 square feet up for grabs at The New York Times Building at West 41st Street and Eighth Avenue. But because it lacks the incentives available downtown and has higher rents, midtown would be far more expensive.

    New government policy

    Ventone could not be reached, and its broker, Peter Riguardi of Jones Lang LaSalle, didn't return calls for comment.

    Last fall, China decided to encourage Chinese businesses to invest overseas. The most recent indication of the impact of this is Chinese computer giant Lenovo's acquisition of IBM Corp.'s personal computer division for $1.75 billion. Lenovo has since opened an office in New York.

    According to Laura Aubuchon, a senior vice president at the city's Economic Development Corp., 68 China-based firms have offices in New York. Of China's 32 largest companies -- with $500 million or more in annual sales revenue -- 13 have a presence in the city.

    The Chinese government has agreed to allow Ventone to create an off-shore company, but the plan to establish a business center is still wending its way through the complicated governmental approval process, Ms. Wylde says.

    One of China's largest private developers, Ventone earned $108 million last year. One of its most recent developments is the $300 million "Central Park" in Beijing. It boasts 1,800 residential units and 2,000 parking spaces within the 1 million-square-foot project.


    2005 Crain Communications Inc.

  14. #764
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    That would be great!

    more than half the building would be occupied!

  15. #765

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    Hehe, what's the Chinese character for 7? Maybe they'll hang that in the lobby.

    How about One Tienamen Square?

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