Amazing that there is no dedicated thread to the new as it is to be built WTC
UN considers move to new WTC building
By Christopher Grimes in New York
Published: May 9 2005 20:57 | Last updated: May 9 2005 20:57
The United Nations, which is searching for a temporary home for when renovations begin on its Manhattan headquarters in 2007, is considering a move to one of the new buildings on the World Trade Center site, real estate executives say.
The building, 7 World Trade Center, is one of a number of sites round New York that the UN is considering. But word of its interest will be welcome news to Larry Silverstein, the developer, who has yet to find outside tenants for the buildings he has planned for the site.
The lack of tenants has been a big source of concern about the viability of the World Trade Center redevelopment plan. The steel for 7 World Trade Center was topped out last autumn and the building is expected to open to occupants early next year, but so far only Silverstein Properties has said it will move in.
The UN is looking for a seven-year lease much shorter than the standard commercial lease, which poses an obstacle to a deal. But it is seeking at least 700,000 sq ft, which would be accommodated easily in the 1.7m sq ft building.
â€œThe UN is looking in the downtown [Manhattan] market, among other markets,â€ said Mary Ann Tighe, chief executive at CB Richard Ellis New York, a property firm. â€œThere are very few situations that offer 700,000 sq ft, and the UN is looking at all of them.â€
Mr Silverstein and others involved in the rebuilding of the World Trade Center site were dealt a serious blow this month when plans for the Freedom Tower the 1,776ft-tall building meant to symbolise the city's resilience were rejected by the New York Police Department as unsafe.
Michael Bloomberg, mayor, and George Pataki, governor, have been accused of allowing the focus to drift away from redevelopment of the site. Daniel Doctoroff, Mr Bloomberg's deputy, said other parts of the redevelopment were on time, and worries that the Freedom Tower and other planned buildings would remain vacant were overdone.
Could be just tonic the scheme needs to be commercially sucessful