Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: chimera
The fact that Ground Zero remains a whole in the ground is simply an indication of just how soft the market for office space in Lower Manhattan is today. Larry Silverstein is nearing completion of the rebuilt 7 World Trade Center at the north end of the site, and as recently as a few months ago he didn't have a single tenant signed to a long-term lease other than his own company.

If a 52-story office building at the site is 80% vacant or more, you can be sure that no developer with even a modicum of business sense is going to construct 8+ million square feet of office space next door.

I predict that -- due primarily to this issue -- none of the various designs under consideration for the site will ever be built to completion.

20 posted on 09/12/2006 2:43:02 PM PDT by Alberta's Child (Can money pay for all the days I lived awake but half asleep?)
[ Post Reply | Private Reply | To 19 | View Replies ]


To: Alberta's Child
Larry Silverstein is nearing completion of the rebuilt 7 World Trade Center at the north end of the site, and as recently as a few months ago he didn't have a single tenant signed to a long-term lease other than his own company.

Here's a list of current a future tenants as of August;


30 posted on 09/12/2006 6:20:14 PM PDT by FreeReign
[ Post Reply | Private Reply | To 20 | View Replies ]

To: Alberta's Child
I have no doubt that a considerable selling job awaits those who will rebuilt the lost space in that spot. Even if the market were not soft (and, being based in that area, you would know better than me), there will surely be those who will fear to go there.

But just as surely, eventually, perhaps with some time, there will be those who will not be afraid to once again reach for the heavens, and live and thrive in a country and a society whose hopes and dreams can't be defeated by the barbarians who seek to kill them. It is to them, and those who would be inspired by them to carry the dream forward, that we should dedicate our efforts to rebuilding the magnificence that was lost there, but should rise once again.

33 posted on 09/13/2006 5:48:23 AM PDT by chimera
[ Post Reply | Private Reply | To 20 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson