In an effort that could fuel more leasing activity at the LEED Gold-hopeful 1 World Trade Center, the Durst Organization has announced that two full floors of the 104-story tower will be subdivided to accommodate 18 smaller office tenants.
By November, the first of the four office buildings that will make up the new World Trade Center will be finished, with 1 WTC to follow in early 2014. Let’s take a quick look at where construction and development efforts stand across the rest of the site.
1 World Trade Center is topped out at its patriotic final height of 1776 feet. But there’s still work to be done as the tower remains at 55 percent occupancy.
An aggressive new marketing campaign at One World Trade Center is aimed at foreign companies and hopes to fill up the 3 million-square-foot tower’s remaining 45 percent of available office space before opening its doors in early 2014.
The U.S. General Services Administration has, finally, formally signed its 20-year, 270,000-square-foot lease for six floors (50 through 55) at the LEED Gold-hopeful 1 World Trade Center: rent is rumored to be in the low $50s per square foot.
It will stand at a symbolic final height of 1776 feet and was once known as the Freedom Tower. But when it came time to brand 1 World Trade Center, the Port Authority and the Durst Organization turned to the London-based design firm Wordsearch.
1 World Trade Center has been in the news quite a bit recently: we catch up on its new broadcasting facility, a lost lease, and its ongoing climb towards becoming New York City’s tallest building.
The success of leasing efforts at One World Trade Center, Five World Trade Center, and 51 Astor Place will likely have little to do with their LEED labels and green attributes.
By signing a term sheet last week for 300,000 square feet, the General Services Administration has vaulted the LEED Gold-hopeful 1 World Trade Center past the critical 50 percent-leased threshold.
The biggest green real estate deal of the year is $2 billion, 1 million square feet, and one long-awaited break for One World Trade Center.