World Trade Center

Paterson Wants to 'Revisit' Ground Zero Rebuilding

ny.gov

Governor Paterson indicated he would re-examine the rebuilding effort at the World Trade Center site, where the billions of dollars of projects faced years of delays before moving into the construction phase in the past year and a half.

“We have to go back and revisit the issue at Ground Zero,” Mr. Paterson said at a breakfast this morning hosted by the Association for a Better New York. “As we stand right now, it will be September 11 of 2011 before anything is actually built, and estimates are that that may be two or three years off. We can do better than that, because Ground Zero should always be a symbol of our resilience and an engine of our downtown economy.”

The implications of this statement--and what it means to "revisit" the issues there--are not entirely clear as construction on the Freedom Tower’s foundation is already well underway (we bumped into its architect, David Childs, this afternoon, who said construction is going well), as is sub-grade work on the PATH station, and the memorial. Developer Larry Silverstein recently started early work on two of his three towers for the site, too.  read more »

Build Now, Fill Later! Trade Center Towers to Reap Recession Rebound

Larry Silverstein.
Getty Images
Larry Silverstein.

A global credit crunch and looming national recession have turned a once bustling market for commercial real estate on its head, as the level of leasing and sales within Manhattan has plummeted.

But could the dour economy, by putting a damper on proposed office building development, actually turn out to benefit the future World Trade Center towers?

Such a scenario now seems plausible, real estate professionals say, given recent local history, when booming job growth and economic expansion have tended to follow a recession by only a few years.  read more »

Silverstein to Start Ground Zero Construction as Port Authority Exits

Joe Fornabiao.

Seven weeks after he had hoped to start construction, Larry Silverstein is ready to build at Ground Zero, as the Port Authority announced today it has finished excavations and cleared space for World Trade Center Towers 3 and 4.

The Port Authority missed its deadline of Jan. 1 to turn over the site to Silverstein Properties, and has owed $300,000 a day to the developer since, an amount that now exceeds $14 million. However, the cost is offset some, as the agency has said it offered a $10 million incentive to its contractors to finish before the deadline.

Completion of the towers is expected for 2011.  read more »

Port Authority Wants Restaurant Atop Freedom Tower

Freedom Tower construction site.
derek7272 via flickr.
Freedom Tower construction site.

With the hole at Ground Zero gradually filling in, the Port Authority is putting out its feelers for a company to develop and manage a two-floor restaurant on the 100th and 101st floors of the 102-story Freedom Tower.

Tomorrow the Port Authority expects to issue a request for expression of interest (RFEI) for the restaurant, seeking early, nonbinding bids from developers.  read more »

Westfield to Pay $625 M. to Develop WTC Retail

Getty Images

The Port Authority has finalized a deal with the mall-operating giant Westfield Group to develop and operate the 488,000 square feet of retail planned for the World Trade Center site. The group, now in a joint venture with the Port Authority, will control retail both above ground and below, both in transit-related concourses and in Larry Silverstein’s three towers.

The total cost of developing the retail is estimated to cost $1.45 billion, with Westfield paying $625 million, according to the Port Authority.  read more »

Silverstein: Just to Show There's No Hard Feelings...

Almost as if to say, “Really—we aren’t upset,” Silverstein Properties has issued an addendum to its earlier statement on the Port Authority’s excavation delays for Towers 3 and 4 at the World Trade Center site, showering even more praise on the Port Authority.  read more »

Port Authority Could Owe Larry Silverstein $12 M.-Plus for Delays

Larry Silverstein.
Getty Images.
Larry Silverstein.

The Port Authority acknowledged today that it will miss its deadline of Jan. 1, 2008 to finish up excavations on the bathtub for World Trade Center Towers 3 and 4, thereby owing developer Larry Silverstein more than $12 million in delay penalties given the agency’s current timeline.

The Port Authority will owe Silverstein Properties $300,000 for every day until the excavations are done, and in a statement, the agency said that the bathtub would be ready for complete handover to Mr. Silverstein in about two to four weeks after mid-January (when they expect to finish excavations for Tower 4).

The Port Authority, which owns the World Trade Center site and is leasing the land for Towers 2, 3, and 4 to Silverstein, said in the statement that the hit from the penalties will in part be passed along to its contractors.

Silverstein, in a statement, said it will begin “pre-construction activities” as the firm waits on the Port.

Release after the jump.

   read more »

First Construction Contracts for Silverstein’s Trade Center Towers

The contracts for the foundations of two World Trade Center towers have been awarded, Silverstein Properties announced today, as developer Larry Silverstein revs his engines before taking control of the site at the start of next year.

The contracts, totaling about $40 million, are fairly minimal given the approximately $7 billion cost of the three Silverstein towers on the site, though the contracts mark one of the first construction-related actions by Mr. Silverstein.

Press release after the jump.  read more »

Silverstein On 'My Three Towers'

Larry Silverstein was on Nightline last night. The ABC News program depicted the World Trade Center developer as a striding, fast-talking, somewhat stubborn visionary "right out of central casting" who was "always, always selling." A pop-up video of the segment can be seen here.  

Ground Zero Is Rebranded With Tribeca Patina

Larry Silverstein, right, with state Assembly Speaker Sheldon Silver.
Michael Nagle/Getty Images
Larry Silverstein, right, with state Assembly Speaker Sheldon Silver.

Silverstein project gets Greenwich Street address, as Trade Centers rise.  read more »

Larry Loves Chase's Ground Zero Move

Larry Silverstein thinks JP Morgan Chase’s decision to move downtown is “tremendous.”

His full statement: “JPMorgan Chase is a tremendous addition to the new Downtown. Like the Goldman Sachs headquarters and the speedy lease-up of 7 World Trade Center, it proves again that Downtown has re-emerged as the financial capital of the world.”

7 World Trade Snags Two New Leases

Larry Silverstein has filled two-thirds of 7 World Trade Center. Silverstein Properties announced on Tuesday that DRW Trading has leased 8,568 square feet on the 34th floor. The company should be moved in by August.

Also, Silverstein Properties announces Moody's will take an extra 80,000 square feet in addition to the 590,000 they already signed on for. Steve Cuozzo of The Post reported that one a few weeks ago.

That means 1.1 million square feet is taken and roughly another 500,000 to go for the city's most valuable downtown office building.

Full-release after the jump.  read more »

- John Koblin

Childs: ‘Most Extraordinary Project Ever Done’

David Childs.
Michael Nagle
David Childs.

Location: You have a number of publicly funded—or at least very public—projects: the Fre  read more »

Richard Rogers Wins Pritzker

Brit Richard Rogers, who will design Tower 3 at the World Trade Center site, has won the Pritzker Prize, the top honor in architecture. As The Times notes, Mr. Rogers has been busy as of late in New York, and not just in lower Manhattan:
[He] now has four projects under way in the city: an expanded Jacob K. Javits Convention Center on Manhattan's Far West Side; a tower at the World Trade Center site; a complex at Silvercup Studios in Long Island City, Queens; and a redesign of the East River waterfront.
- Tom Acitelli

Bloomberg's Sept. 11 Presentation

Rudy Giuliani, among others, will surely be watching closely when Michael Bloomberg goes to DC tomorrow to discuss the findings of a mayoral panel on the health problems of first responders and residents near the World Trade Center.

This afternoon, Bloomberg sent a letter[pdf] to members of Congress previewing his panel's findings:

"On Wednesday, I will explain what the Panel found: that many first responders, business owners, New York City residents, and workers and volunteers from all 50 states who dedicated long hours toward the recovery effort, have gotten sick with asthma, other respiratory problems, and mental illness such as post-traumatic stress disorder."
-- Azi Paybarah

Don’t Slam That Piano Lid! A Page-Turner’s Chilling Revenge

Heart and soul: Catherine Frot and D
Tartan Films
Heart and soul: Catherine Frot and D

Denis Dercourt’s The Page Turner (La Tourneuse de Pages), from a screenplay by Mr.  read more »

Demand Looks Good for Downtown Towers …

Illustration by Nigel Holmes

It’s looking good these days for downtown Manhattan to become one of the great commercial real  read more »

The Round-Up: Tuesday

  • 148 Lafayette Street sells for $59 M.
  • [GlobeSt]
  • Bid to rat-proof Village Taco Bell-KFC.
  • [NY Post]
  • Moody's to take more space at 7 World Trade Center.
  • [NY Post]
  • Whole Foods opening at 100th and Columbus. [bottom]
  • [NY Post]

    Did we miss any New York City real estate news this morning? Please send along tips and links.

The Round-Up: Wednesday

  • Strong feelings inside Starrett City.
  • [NY Times]
  • East River Science Park breaking ground next month.
  • [NY Times]
  • Corzine also endorses Freedom Tower.
  • [NY Post]
  • Atlantic Yards construction gets under way.
  • [NY Post]
  • Sotheby's 1334 York Avenue on the market.
  • [NY Post]
  • Tenant-signing race could start at WTC site.
  • [NY Sun]

    Did we miss any New York City real estate news this morning? Please send along tips and links.

The Round-Up: Thursday

  • Insurance troubles may stymie WTC site development.
  • [NY Times]
  • Mayor announces measures to curb construction deaths.
  • [NY Times]
  • Starrett City bidding intensifies.
  • [NY Times]
  • Equity Office-Blackstone deal highlights real-estate trends.
  • [NY Times]
  • Police foil building-super hit.
  • [NY Post]
  • Blackstone to sell EOP city properties to Macklowe.
  • [NY Post]
  • Financial District "20 percent cheaper" than Tribeca, Soho.
  • [NY Post]
  • Thor Web site omits Coney Island luxury housing plan.
  • [Daily News]
  • Opening legal salvo by Atlantic Yards opponents.
  • [Daily News]
  • Floating top names for city transportation commissioner.
  • [NY Sun]
  • NYU moving to end downtown satellite campus.
  • [NY Sun]
  • Another story on naming new city condos.
  • [NY Sun]
  • City's fast-shrinking breed of women-only residences.
  • [NY Sun]

    Did we miss any New York City real estate news this morning? Please send along tips and links.

The Round-Up: Tuesday

  • Silverstein names WTC site design managers.
  • [Crain's]
  • City searching for site for new police academy.
  • [NY Times]
  • Office Equity to negotiate with Vornado about takeover.
  • [NY Times]
  • Stuy Town, Cooper Village tenants sue over rents.
  • [NY Times]
  • 247-259 West 54th Street sells for $38.75 million.
  • [NY Post]
  • Bronx's Bruckner Plaza mall sells for $165 million.
  • [Daily News]
  • Residents to fight seminary's planned Chelsea tower.
  • [NY Sun]
  • London home prices rocket past New York's.
  • [WSJ]

    Did we miss any New York City real estate news this morning? Please send along tips and links.

The Afternoon Wrap: Thursday

  • An $8.995 million triplex penthouse is awarded "Estate of the Day" honors at Luxist, a Web site that salivates over Arctic retreats and seaside sprawls. This Manhattan home has "raspberry parfait" walls, a wet bar, solarium, and six bedrooms. [Lux]
  • What should one get for his wealthy loved one this winter? "It's impossible to go wrong with vintage," but "nature-inspired items are also [a] sure thing this season." Or you can contribute to the $160-billion-a-year home furnishings industry by gifting a "coral-handle salad server" or an "Italian cotton waffle bathrobe." [Forbes]
  • A "gleaming, 65,000-square-foot building" beneath the Brooklyn Bridge will be the first home for the city's Emergency Management agency since its World Trade Center command center was destroyed on 9/11. Among other things, the new place has a 15-foot video wall for Bond-villain-like surveillance. [Architect Online/AP]
  • As if Gramery Park weren't already haute enough, the neighborhood has become the go-to place for House & Garden columnists who like their wine "very New World and politically incorrect. Very sexy--almost pornographic, really--with its oak and concentration!" [House & Garden]
  • - Max Abelson

The Afternoon Wrap: Friday

  • Dumbo has been known as Rapailie and Olympia and Fulton Landing and Gairville. After its impending Landmarks designation, the place will get yet a new moniker. How about Rapailie Redux? Or David Walentasville? [Brooklyn Papers]
  • St. Nicholas Church was destroyed on 9/11, and, by 2009, it will be rebuilt two blocks away from its former site. According to NY1, the new locale at Greenwich and Liberty streets is "above a security center that will screen buses and trucks headed to the new World Trade Center." [NY1]
  • Brownstoner asked: "What if you were a wealthy philanthropost [sic] who could write a $100 million check to fund any infrastructure or public project in Brooklyn?" In chronological order, his readers dreamed up: trolley cars, bike lanes, a high school, a complete transportation system for northeastern Brooklyn, a complete transportation system for southeastern Brooklyn, a large parking lot, Ratner's exile, pre-schools, etc. We say: More high-end pre-schools! And trolleys! [Brownstoner]
  • TV's Kramer is not doing so well these days. But the real Kramer (the neighborly fellow who lived across the hall from Seinfeld/Curb Your Enthusiasm creator Larry David) is doing just fine. Get your "Kramer Reality Tour" while it's hot. [Newsday]
  • - Max Abelson

America's Mayor and First Responders

As the City Council meets today, there's one bill that Rudy Giuliani watchers may want to keep an eye on.

Councilman Joe Addabbo, who chairs the labor committee, has a proposal that would require the Department of Health to issue an annual report on the health of first responders that are registered with the World Trade Center Health Registry.

A medical study from the health department, depending upon how it turns out, could very possibly find its way into the opposition research portfolios of other candidates on the 2008 campaign trail.

-- Azi Paybarah

This House Keeps It Simple- And Ample-for Carnivores

Did you see those two monkeys in the Times Science section last week?  read more »

Events for November 11-13, 2006

On Saturday, the Veterans Day parade travels up Fifth Avenue, beginning at 23rd Street at 11am.

The World Trade Center Medical Monitoring Program holds a conference on the health effects and available services for WTC responders and families at DC 37 Headquarters.

A gala to benefit the Michael J. Fox Foundation for Parkinson's Research will be held at the Waldorf.

Nassau County honors six Tuskegee Airmen at their Veteran's Day celebration at the American Air Power Museum in Farmingdale.

Yonkers hosts their annual Veterans Day Ceremony at the Washington Park Veterans Memorial.

The National Purple Heart Hall of Honor opens in New Windsor.

On Sunday, a tribute to Andrew H. Green, a city planner who supervised the construction of Central Park, will be held at the Green Memorial Bench in Central Park.

On Monday, Hillary Clinton addresses the crowd at the Association for a Better New York breakfast at the Grand Hyatt.

And the House and Senate are expected to return to work.

—Nicole Brydson

Top Manhattan Office Space Now Costs More Than Ever; Companies Lap It Up

Up, up, and way away went Manhattan office rents in October, according to new numbers from a top city brokerage.

Colliers ABR says the average asking rent for Class A space - the sort of top-tier stuff in Midtown skyscrapers and in downtown addresses like 7 World Trade Center - hit $63.26 a square foot last month, a record that bests the previous all-time high of $61.48 in April of 2001. Robert Sammons, Colliers' research director, credits the spikes in Manhattan office rents to the strength of Midtown, were the average asking rent for Class A space in October was $73.95 a foot, up from around $70 in September. Sammons said that the asking rent for top Midtown office space will likely smack $75 a foot by the end of 2006; in Manhattan overall, it will be renting at $65 a foot by year's end.

Will companies continue to pony up the dough for such pricey addresses? Apparently.

Colliers ABR reports that the vacancy rate for Class A space in Manhattan tumbled in October to 6.5 percent, its lowest level since July of 2001.

- Tom Acitelli

Ground Zero Papers Reach to the Sky

WTC Nite Site resized.jpg
The World Trade Center was not rebuilt in a day. (Credit: SPI, dbox)

The agreement approved in September that relieved Larry Silverstein of the burden of leasing up the Freedom Tower still has not been signed, but officials say they are not intentionally waiting for sign-off from the next Governor. The delay is simply due to the volume of papers that must be prepared and checked, according to Port Authority spokesman Steve Coleman. "If you were to stack up all of these documents, they would be seven to eight feet high." The agreement will be signed "in a matter of days," Coleman said.  read more »

-Matthew Schuerman

Silverstein Buys Tower on Lex

575 lex.jpg
575 Lex
Silverstein Properties and its new joint venture partner, a pension fund named the Califronia State Teachers' Retirement System (CalSTRS), made its first splash together on the Manhattan real estate scene, snagging 575 Lexington Avenue for $400 million.

According to Silverstein Properties, the partnership allows for "$2 billion in buying power" in Manhattan real estate. The tower on Lexington is at the corner of 51st street, has 35 stories and 600,000 square feet. The building's tenants include Cornell University, the law firm Boies, Schiller & Flexner and Radianz Americas, Inc., New York Sports Club and Staples.

CB Richard Ellis advised the transaction.

The full release after the jump.  read more »

Bank Taking a "Good Look" at 7 WTC

7 wtc.jpg
7 WTC
Does 7 World Trade Center have another tenant? According to this morning's New York Post, the international bank ABN Amro is "taking a good look at 7 WTC, and sources say it sent Silverstein a 'proposal' last week."

A source close to the deal cautioned that the talks were "preliminary" but the company is "interested," according to the Post. ABN Amro already has offices on Park Avenue and Jersey City and is looking for 150,000 square feet in Manhattan to consolidate its facilities, said the Post. Of the 1.6 million square feet availale at WTC, 800,000 square feet is still available. Last week, NY1's Dominic Carter said to Larry Silverstein that the "glass is half full" at 7 WTC. Silverstein quipped that it is "more than half" full , turning the rumor mill on who the extra tenant could be.  read more »

- John Koblin

Hearst Gets Gold

Hearst Base.jpg
(Michael Ficeto/The Hearst Corp.)

Lord Norman Foster's double-helix Hearst tower turns out to be good for the environment: it cut the use of steel by 20 percent, and contributed towards the building's certification, long-anticipated and officially announced today, as a gold-level environmentally friendly building under standards from the U.S. Green Building Council. That makes it the second office building in New York to get certified, after 7 World Trade Center, which got a gold "core and shell" rating in March.  read more »

-Matthew Schuerman

Take Me to the Top!

Just how afraid are we of the Freedom Tower?

Newspapers carried stories yesterday quoting government workers and Port Authority chairmen saying no to the idea of working in the Freedom Tower. But it is a question regularly asked in New York Times polls: "Would you be willing or not willing to work in one of the higher floors of a new building at the World Trade Center site?"

An amazing 40 percent--or about 335 respondents--said last month that they'd be willing, which is about the same as it was in 2002.

Explainable if the same 335 people get called all the time.

-Matthew Schuerman

Retail Block

The announcements are coming one-by-one to seal up the April agreement between the Port Authority and Larry Silverstein--designs for the next three towers, a million square feet in commitments--but one promised element that you won't see by Thursday's deadline is any sort of conclusion about who will run the 428,000-plus square feet of retail space at the World Trade Center site.

In April, along with taking over the Freedom Tower, the Port Authority agreed to sell the retail operating rights to Silverstein. The problem with doing so was that the Port Authority had already promised to let Westfield, an Australian mall operator, bid on the retail rights first. Somehow, the Port Authority would have to reject Westfield's offer, or issue such a discouraging prospectus that the mall company never would want the thing in the first place, all the while avoiding lawsuits.

Little wonder the Port Authority hasn't worked this one out.

Westfield, for one, is acting as if it will not let go easily. "Westfield is working within the process and is having ongoing discussions with the Port," spokeswoman Katy Dickey told us. "Westfield expects to exercise its right of first offer."

Silverstein, meanwhile, is still interested. "The caliber of retail has tremendous influence on the whole project," a real estate executive said. "The tenants upstairs want retail that is both high quality and also that will be useful to employees."

This is not a deal breaker, at least not yet, however.

"We don't see that as a barrier to reaching a final agreement this month," said Janno Lieber, Silverstein's project director for the World Trade Center site.

-Matthew Schuerman

The Bathtub Is Half Full

Ground Zero Cam.jpg
Ground Zero as the Lower Manhattan Development Corporation's webcam sees it.
The Onion agrees with New York officials who said this week that it is better to celebrate our accomplishments rather than criticize our failures:
"From the wreckage and ashes of the World Trade Center, we have created a recess in the ground befitting the American spirit," said New York Governor George Pataki from a cinderblock-and-plastic-bucket-supported plywood platform near the Hole's precipice. "This vast chasm, dug at the very spot where the gleaming Twin Towers once rose to the sky, is a symbol of what we can accomplish if we work together."
-Matthew Schuerman  read more »

Friday: 'A Wild and Crazy Year' Versus Wildly Crazy Brokers

ggg89.jpg
Greetings, Mr. Governor
  • If the World Trade Center is ever rebuilt, the list of its regal designers will sound like a horrifying law firm: Libeskind, Foster, Maki, Rogers, Calatrava, Childs, and Gehry. What's there to say about their newly unveiled plans? The buildings are "gargantuan," "deferential," and "a jazz quartet," according to the Times. We say: they're not that different from the old stuff. (The New York Times)
  • On the one hand, CNN has been screaming about the bloody, bubbly death of American residential real estate. On the other hand, it's worse when experts call Manhattan's commercial market a "bell-ringer" (or "high times"). Even more annoying are meaningless, preemptive reports on this "wild and crazy year." (NY Sun)
  • Last we checked in on Warhol's old East End estate (Gatsby, anyone?), it was sitting unsold for $50 million. Now the windy Montauk wonderland is sitting unsold for $40--which BHS broker Tony Cerio calls a "big value". Poor, poor Long Island. (The New York Times)
  • The NY Press reveals that the rental market is "a dog eat dog" world. Who knew? More significantly: the phrase "you push it, and push it, and push it" is herein the official mantra of the Manhattan real estate industry. (NY Press)
  • - Max Abelson  read more »

Wednesday: The City's 25 Priciest Co-Ops, and Bruni's 5 Manhattan 'Misses'

11.JPG
He's #1! He's #1!
  • It's been a quarter-century, but legendary DUMBO boy David Walentas has finally returned to Manhattan. The developer just signed a $130 million contract for the east side of Eleventh Avenue between 53rd and 54th. Why? Because he can. (And because when the block's zoning changes, he can put up 1,000 apartment units). (NY Post)
  • Bless their hearts, The Real Deal and PropertyShark.com have brought us the best list of 2006: the top 25 New York co-op sales. Not surprisingly, Rupert Murdoch (above) makes it into the top ten twice. Mazel Tov! But guess how many apartments outside of Fifth Avenue, Park, or Central Park West made the cut? Only Mr. Murdoch's old Prince Street pad. (The Real Deal)
  • What happens when Pataki's chief of staff gets together with WTC "architects" Daniel Libeskind and Michael Arad, plus the Lower Manhattan Development Corp.'s chairman and the Port Authority's vice chairman? They warn that "New Yorkers might object to the rapid speed of development at the WTC site in the near future." Um, probably not. Meanwhile, Larry Silverstein shouts from his 38th-floor office at 7 WTC: "The fact that this is the only building down here just drives me, candidly, to distraction." (NY1)
  • The only thing cattier than the aforementioned co-op list is Frank Bruni's run-down of the hits and misses of Manhattan's new restaurants. Buddakan and Fatty Crab score points, but The E.U. and Ninja do not. Mr. Bruni hisses that "adults with taste buds and a firm tether to mental health" will not enjoy the latter. Oh, Frank! (The New York Times)
  • - Max Abelson  read more »

Before He Was Mayor

rudy headshot.jpg

Even as Rudy Giuliani climbs to near-frontrunner status in the Republican presidential primary on the strength of his security credentials, it's worth noting there was a time when he couldn't even make his way past a police barricade.

While Mayor Dinkins was in Japan during the 1993 bombing of the World Trade Center, Rudy Giuliani was in the city. But, according to Wayne Barrett's new book on Giuliani and his pre-Sept. 11 record on terrorism:

"Although it was never reported, Rudy Giuliani, who'd narrowly lost to Dinkins in 1989 and was running again, rushed to the site in his campaign car, but was barred by cops from entering."

Barrett's source is "a campaign aide who requested that he not be identified described the Giuliani trip toward the Trade Center in February 1993."  read more »

-- Azi Paybarah

Stone's World Trade Center: Can Two Stand for Many?

Oliver Stone’s World Trade Center, from the screenplay by Andrea Berloff, based on the true-life e  read more »

Young Lawyers Flock To Chertoff & Rumsfeld

Homeland Security Chief Michael Chertoff.
Getty Images
Homeland Security Chief Michael Chertoff.

Andrew Peterson heard that British authorities had thwarted a massive terrorist plot when he turned  read more »

Stone's Film Shows New York's Heart

Oliver Stone’s World Trade Center is a spectacular film about New York City, how it wakes up befor  read more »

Arad Toes the Line

Arad.jpg

The moody designer of the World Trade Center Memorial came across as chastened and media-coached this morning at yet another Ground Zero ceremony (this one to mark "construction of the footings for the memorial," although in reality only "excavation work to build the foundations" began).

"I'm very gratified to be here today," he told a crowd of reporters. "Today we are starting construction. This is a process and I'm looking forward to the completion of this process but it's an incredible moment to be here today and see it begin."

A hint of his deeper feelings came through when Arad, known for his reluctance to compromise and scale down his design, was asked about the emotional process of designing the memorial.

"The process of designing the memorial was very difficult. It began as a very private process and now it involves so many people," he said.

Staff from the WTC Memorial Foundation tried to cut off further questions, but reporters were not having it. Nor was Michael Arad.  read more »

"What I think is most important about this process is that it continues to move forward and we have to make some of these changes to address concerns, whether they are structural or financial," he continued. "But the most important thing right now is to preserve the integrity of the memorial, to create a space where people will come together and find meaning and find other people who will be at this memorial with them and give them the emotional resonance...."

This coming from someone who once said of the memorial redesign process, "I have no choice but to fight them every step of the way." -Matthew Schuerman

7 World Trade Gets Science-y



Nice carpet
This must be Larry Silverstein's lucky day.

He's getting his very first tenant at 7 World Trade Center, and it's a smart little group: The New York Academy of Sciences.

H3 Hardy Collaboration will be designing the 40th floor for the NYAS. Architect Hugh Hardy has designed the Rainbow Room up in Rockefeller Center--plus, you may remember, Windows on the World.

The press release calls this "a major milestone in LoMa's revitalization."

LoMa?

More PR after the jump.  read more »

- Max Abelson

Comptroller Can't Stay Away from Ground Zero

Time was, the Governor handled, or tried to handle, matters down at Ground Zero. Next came the Mayor, and now it's City Comptroller Bill Thompson! It turns out the Port Authority had asked to get a hand-out from Battery Park City revenues, which Thompson helps to oversee, to cover redevelopment costs at the World Trade Center site. In a letter today to PA Executive Director Ken Ringler, Thompson writes: "As I reviewed your request, it became apparent that these shortfalls could not be explained in light of the significant funding already dedicated to this project." He also calls Ringler's response, apparently sent earlier today or late yesterday to Thompson's information request, "inappropriate and offensive." We have asked for a copy of that letter, and the Port Authority's side in the latest dust up.

And tomorrow everyone was supposed to come together and break ground me on the memorial (for the second time).

-Matthew Schuerman

Events for August 17, 2006

The New York Young Republican Club hosts Ken Mehlman at their monthly meeting.

The Log Cabin Republicans hold a meeting on 'Making the Case for Marriage Equality.'

Construction begins on the World Trade Center memorial and museum.

Local immigrant organizations deliver thousands of voter registration forms to the Board of Elections.

Betsy Gotbaum releases a report on gender participation in the Public Schools Athletic League on the steps of City Hall.

John Edwards campaigns with Ned Lamont in Connecticut.

Tom Suozzi announces the first Nassau county Restaurant Week in Mineola and then unveils plans for state education reform at City Hall.

—Nicole Brydson

Where Does all that Money Go?

ThompsonPortrait_low.jpg
City Comptroller Bill Thompson asks the Port Authority for an accounting of the $100+ million a year Larry Silverstein has been paying to lease the World Trade Center site, and wonders aloud whether the bi-state agency, which has been splurging on deep water ports and cross-Hudson tunnels, "is pursuing certain projects, or withholding funds for other projects, at the expense of redeveloping Ground Zero." (PDF)

-Matthew Schuerman (via Crain's)  read more »

The Politicker

Carolyn Maloney has a new online form on her congressional website to help collect the stories of World Trade Center workers who face serious health complications.

Time perfectly with the release of Oliver Stone's World Trade Center, of course.

—Nicole Brydson

The Politicker

Carolyn Maloney has a new online form on her congressional website to help collect the stories of World Trade Center workers who face serious health complications.

Time perfectly with the release of Oliver Stone's World Trade Center, of course.

—Nicole Brydson

Events for August 5-7, 2006

On Saturday, Henry Kissenger will host a fundraiser for KT McFarland.

An anti-war rally will be held in front of the ExxonMobile building.

A forum on the lingering effects of World Trade Center exposure will take place on Governor's Island.

On Monday George Pataki will speak to the National Press Club in Washington, DC.

The documentary film Obsession: Radical Islam's War Against the West will premiere in New York.

—Nicole Brydson