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Old Posted Dec 27, 2006, 4:32 AM
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STERNyc STERNyc is offline
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10 Barclay was the beginning of the development in this area. There are plenty of buildings in the area that do not fill their envelope. I suspect that most of the new developments will be commercial since the area near City Hall is not attractive to commercial businesses, although Goldman Sachs move near there might change things a bit. Also I suspect Moody’s signing a new large lease at 7 WTC has something to do with them selling their old property to Silverstein, perhaps there were negotiations behind closed doors, where Silverstein agreed in a rent reduction for the rights to purchase their old building. Lastly I hope that Silverstein’s recent architectural awakening continues outside the World Trade Center and he chooses an A-List architect for this site as well.
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