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

  1. #796
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    So much for the 1M sf lease:

    Beijing Vantone Real Estate Co., one of China's largest private real-estate developers, has requested a 10-year lease to rent out 200,000 square feet of office space in the new, 52-story glass tower, adjacent to the site of the Twin Towers destroyed in the Sept. 11, 2001, terrorist attacks, according to people close to the situation. They said they hope to receive a response on the bid -- which would have Beijing Vantone pay about $40 of gross rent a square foot -- from developer Larry Silverstein this week.

  2. #797

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    Hopefully, they'll take a lot more space somewhere else. It would be great if they develop a new building in midtown.

    I work downtown, and it's a beautiful area but a lame place to work, as it is a nuisance to commute here.

  3. #798
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    WSJ
    10.19.05

    What's Brewing in the Real Estate Market

    Tenant for Larry

    After more than two years of unsuccessfully courting tenants for 7 World Trade Center, developer Larry Silverstein is weighing a serious bid from a Chinese real-estate company to take about five floors of space in the 52-story glass tower. The company, Vantone, offered about $40 a square foot for a 10-year lease on 200,000 square feet of space in the nearly complete building.

    "We submitted a substantial offer to Larry during the last week in September. We're waiting for his response," says Peter Riguardi, president of the New York region for real-estate services firm Jones Lang LaSalle Inc., which is representing Vantone.

    The original 7 World Trade Center, which was adjacent to the main World Trade Center, was destroyed in the Sept 11, 2001, attacks. The new tower, which is expected to be ready for occupants in early 2006, will contain 1.7 million square feet of office space, enough to house roughly 6,000 workers.

    Public officials have criticized the notoriously stubborn New York developer for demanding too much rent given the building's location. Mr. Silverstein is asking around $50 a square foot. But the developer, who is currently trying to build the Freedom Tower and other buildings on the Trade Center site, is in a bind because whatever rent he agrees to for the current building will be the starting point for tenants in the next wave of buildings. Mr. Silverstein declined to comment.

  4. #799

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    Two old photos from March.




  5. #800
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    That second shot reminds me of long Barclay Tower seems to be taking to come out of the ground. I know, I know - off topic. But, it's right there.

  6. #801

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    This is a better than average looking flat top.

    Generally I prefer a building with a party hat, like Chrysler, ESB or Conde-Nast. So do most people.

    The skyline would look a whole lot better with more interesting, preferably tapered tops.

    Charlotte requires these on its new downtown skyscrapers, though otherwise there’s no zoning in its CBD. The result is a nice-looking skyline. Not big but nice, because variegated and not flat-topped.

    Could mighty New York learn something from a place as lowly as Charlotte?

  7. #802
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    SILVERSTEIN WOOS FIRST BIG TENANT FOR 7 WTC


    By LOIS WEISS and TOM TOPOUSIS
    October 26, 2005

    Amid blistering criticism from Mayor Bloomberg over the slow pace of construction at Ground Zero, developer Larry Silverstein is about to sign a deal to bring a major tenant to his nearly complete tower at 7 World Trade Center.

    The New York Academy of Sciences is negotiating a lease for 40,000 square feet of space in the ultra-modern tower that sits on the north side of Vesey Street, overlooking the pit at Ground Zero.

    Sources said the scientific academy has a "term sheet" for a 10-year lease for the full 40th floor in the new building, set to open next year.

    An academy spokesperson said the group has not seen a lease but is talking with Silverstein about it.

    The academy was founded downtown in 1817 and would "like to bring down thousands of young scientists to our conferences."

    The academy would be only the second major tenant lined up for the glass-walled skyscraper, with 1.7 million square feet of space.

    A lease for 20,000 square feet with an American Express spin-off, Ameriprise Financial, is expected to be signed soon.

    As the leaseholder for the World Trade Center site, Silverstein is under pressure to find tenants and show there is a market for office space at Ground Zero, which is slated to host five more office buildings.

    Silverstein has so far filled only a small fraction of 7 World Trade Center and has yet to line up any prospects for the Freedom Tower, prompting Bloomberg to push for his removal and call for more residential development.

    "It is worrisome that he hasn't rented 7 [WTC] yet. We've given him the incentives he said he needed and still, as far as I know, no tenants — 20,000 square feet out a 1.7 million," Bloomberg told The Post's editorial board this week.

    A spokesman for Silverstein declined to comment on the talks.


    Copyright 2005 NYP Holdings, Inc.

  8. #803

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    Nice


    BTW, they started dismantling the elevator on the west side, leaving exposed windows behind, very soon we should see a completed exterior

  9. #804
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    In order to shut of critics like the mayor, they have to land a real powerhouse tenant, with much more then 40,000 sf which in a 1.7 msft building is nothing. they need a good 200,000 sf lease

  10. #805

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    Recap:

    Request for 5 floors/200,000 sq ft from Vantone
    NY Academy of Sciences: 40,000 sq ft
    AmEx: 20,000 sq ft

    If they could double that, I think it would be a satisfactory opening for the building.

  11. #806

    Default some pictures I took last week of WTC7



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  12. #807

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    To my perception, there is something very menacing about that building.

  13. #808

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    Millertime, how the hell did you get there?


    Facade

    Last edited by LeCom; October 30th, 2005 at 12:23 PM.

  14. #809

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    a friend is a structural engineer for the PA so he showed us around

    here's some pictures of the old WTC concourse, too:




    former subway

  15. #810

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    AWESOME, finally some never before seen pics. Thanks a lot.

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