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  #401  
Old Posted Jul 11, 2014, 8:56 PM
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http://tribecatrib.com/content/new-p...d-trade-center

New Pedestrian Plaza Eyed for Site Near World Trade Center




The entire Site 5 (within green line) was the site of the Deutsche Bank building, damaged during the Sept. 11 attacks. The red line denotes area being considered for a pedestrian plaza and Greenmarket. Photo: Joe Woolhead


By AMANDA WOODS
Jul. 07, 2014


Quote:
A newly vacant, 7,000-square-foot lot near the World Trade Center site may be on its way to becoming a pedestrian plaza with seating and tables, greenery, film screenings and, eventually, the long-awaited return of a neighborhood Greenmarket.

The block-long space at Albany Street between Washington and Greenwich—part of a larger, 32,000-square-foot lot known as Site 5—served as the queuing area for ticketed visitors to the September 11 Memorial. The space was vacated on May 15, when the September 11 Museum opened and visitors gained free access to the plaza.

On July 1, the Lower Manhattan Development Corp reacquired the space from the Memorial and, along with the city and the Downtown Alliance, is pondering its future use.

First and foremost, that appears to be a Greenmarket, also favored by Community Board 1.

To test the foot traffic for an eventual Greenmarket, officials from the city’s Department of Transportation and the Downtown Alliance told CB1's Financial District Committee last week that they are working to close the nearby Washington Street Plaza, between Carlisle and Albany streets, and create a new plaza in the former queuing area.

“We think that by moving tables and chairs into the space, and moving some of the planters into the space, activating it with games, movies and other things like that, the community could start to embrace it,” Dan Ackerman, the Alliance’s chief of staff, told the committee. He added that the Alliance would like to see market stalls “right to the edge of the site on Greenwich Street.”

Long-term plans for the entire Site 5 remain uncertain. A “general project plan” for the space, formerly occupied by the demolished Deutche Bank Building, calls for a 1.3-million-square-foot office tower. That plan would not be feasible with the already excessive supply of office space in the area, David Emil, president of the Lower Manhattan Development Corp., told CB1's Executive Committee last month. The future of the site, he said, depends largely on public feedback.
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  #402  
Old Posted Jul 26, 2014, 4:06 PM
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Just an idea:

1) Convert the New York Marriott Downtown at 85 West Street to a residential building and/or university dormitory.
2) Reopen the Marriott World Trade Center at 130 Liberty Street as 5WTC, overlooking the memorial plaza and other WTC towers, with a lobby mezzanine accessible from Liberty Park.

In the meantime, a temporary Greenmarket sounds nice.
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  #403  
Old Posted Aug 27, 2014, 4:30 AM
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I noticed these large concrete forms by the 5 wtc site today. Do these concrete pillars have anything to do with the church being constructed, or are they for something separate?

[/URL]


a few of the VSC, sorry for the poor quality
[/URL]

[/URL]
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  #404  
Old Posted Sep 5, 2014, 9:12 PM
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http://www.downtownexpress.com/2014/...-trade-center/

The next ‘stalemate’ at the World Trade Center?





September 5, 2014
by: Josh Rogers


Quote:
The World Trade Center’s epic disputes over power and money have for the most part been resolved, but there’s at least one remaining that could prevent construction of one of the proposed towers.

“We are at a stalemate with them at the moment,” David Emil, president of the Lower Manhattan Development Corp., told Downtown Express this week, referring to the corporation’s dispute with the Port Authority. “It’ll be years before it’s resolved.”

The L.M.D.C., a federally-funded corporation formed to manage Downtown’s post- 9/11 recovery, owns the World Trade Center Tower 5 site, and Emil said the Port wants to take it over without paying any money.


The problem, Emil said, is the site is worth $300 million to $500 million, and in addition, the L.M.D.C. spent hundreds of millions to get the site ready for development — a figure that ballooned because of the plagued and long-delayed demolition of the Deutsche Bank building, where two firefighters were killed battling a 2007 blaze.

Emil said the Port is arguing that it effectively became the owner of the site under a 2006 agreement, and that the the development corporation has been acting as the Port’s agent.

“We say, yeah, that may be. If we were your agent, you have to pay us the $300 million that it cost to take this thing down to which they say no, that was your problem you owned it — you see, you can’t have it both ways guys,” Emil said during an impromptu interview at the site Sept. 2nd, after a ceremony celebrating the opening of a temporary green market and public plaza there.

The Port Authority did not dispute Emil’s characterization of the situation, and a spokesperson declined to comment for this article.

The 2006 agreement, a memorandum of understanding between the Port and the L.M.D.C., involved a land swap of the Tower 5 site and the World Trade Center’s Performing Arts Center site.

The Port had originally planned to develop the site as an office tower but after a 2007 deal to move JP Morgan Chase headquarters Downtown fell through, it has since said it would wait for the market to dictate the best use of the site.

Emil said the Port is still looking to develop the site commercially, but the L.M.D.C. feels the quickest and most lucrative way to proceed is to build a residential tower.

“The [L.M.D.C.] board’s very strong feeling is we should monetize it and use the money for Lower Manhattan,” he said.

The corporation is only allowed to spend money in Manhattan south of Houston St., whereas the Port’s revenue benefits both New Jersey and New York State.

The L.M.D.C.’s board is made up of appointees of the governor and mayor, but its current members were mostly appointed by previous administrations during periods when the corporation had a much larger staff and was more involved in Downtown plans.

Former Gov. George Pataki created the agency at the end of 2001 with a Congressional grant of $2.783 billion. Rumors of the development corporation’s imminent demise began surfacing a few years later, and by 2006, Pataki’s last year in office, he said it was time for the agency to close since it had done most of what it set out to do including managing the World Trade Center redevelopment and memorial plans.

Pataki’s successor, Eliot Spitzer, apparently agreed during his campaign calling the agency an “abject failure” in 2006, but he had a change of heart after taking office the next year, naming his top economic development adviser, Avi Schick, as chairperson, and Emil as president.

There have been two new governors since and one new mayor, but Schick and Emil remain the leaders of the corporation. Emil no longer draws a salary for his position and works part time as president. He said there are now 15 staff members remaining who focus on making sure invoices on L.M.D.C. projects are legitimate before writing checks. He said their combined salaries was something less than $750,000 a year.

Over the years, there have been many calls to close the corporation down. Most observers agree, that legally the organization can’t shut down fully until all of the money is spent, but some have suggested it become a paper organization, with the city taking over its remaining responsibilities.

All of the corporation’s remaining funds are designated for specific uses, but there is still hundreds of millions of dollars that has not yet been spent. Much of it is for projects that have not been completed, such as enhancements to the East River waterfront.
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  #405  
Old Posted Sep 6, 2014, 12:44 AM
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This will be a residential tower. Hopefully tall, thin and complementary to the rest of the complex.
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  #406  
Old Posted Sep 6, 2014, 1:05 PM
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This will be a residential tower. Hopefully tall, thin and complementary to the rest of the complex.
Seems that it will depend on who controls the site. If it's the Port, don't expect housing.


Quote:
...the Port is still looking to develop the site commercially, but the L.M.D.C. feels the quickest and most lucrative way to proceed is to build a residential tower.
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  #407  
Old Posted Sep 6, 2014, 4:43 PM
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Given how much commercial is already at the site, and how long its taking to get tenants for the other towers, residential would be the way to go.
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  #408  
Old Posted Sep 6, 2014, 5:22 PM
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The problem, Emil said, is the site is worth $300 million to $500 million, and in addition, the L.M.D.C. spent hundreds of millions to get the site ready for development — a figure that ballooned because of the plagued and long-delayed demolition of the Deutsche Bank building
A select few well-established developer could only afford this site.
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  #409  
Old Posted Sep 7, 2014, 1:34 PM
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Given how much commercial is already at the site, and how long its taking to get tenants for the other towers, residential would be the way to go.
It isn't. Imagine if you will that 9/11 didn't happen. Where exactly would the expansion or building of new office space Downtown take place? How many sites are available with suitable footprints? The World Trade Center will fill. We know this because history has already taught us so. They didn't spend billions on a new PATH transit hub just so somebody could look down on it from their condo.

I understand that residential could be built quicker, but New York City isn't going anywhere. We have to be smarter about the future.
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  #410  
Old Posted Sep 7, 2014, 2:23 PM
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^^^ Agreed, the site is perfect for commercial development and that's what it was envisioned for many decades ago. There are very few opportunities left (if at all) for new commercial development in Lower Manhattan - it would be foolish to let this one slide.
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  #411  
Old Posted Sep 7, 2014, 4:14 PM
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Rest assured, with the Port Authority in control, nothing will get accomplished and it will cost hundreds of millions of dollars to boot.
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  #412  
Old Posted Sep 7, 2014, 6:58 PM
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Originally Posted by Submariner View Post
Rest assured, with the Port Authority in control, nothing will get accomplished and it will cost hundreds of millions of dollars to boot.
Here is a piece about the transportation hub-How could such a high-profile project fall eight years behind schedule and at least $2 billion over budget?
Quote:
NEW YORK—The most expensive train station in the U.S. is taking shape at the site of the former World Trade Center, a majestic marble-and-steel commuter hub that was seen by project boosters as a landmark to American hope and resilience.

Instead, the terminal connecting New Jersey with downtown Manhattan has turned into a public-works embarrassment. Overtaking the project's emotional resonance is a practical question: How could such a high-profile project fall eight years behind schedule and at least $2 billion over budget?

An analysis of federal oversight reports viewed by The Wall Street Journal and interviews with current and former officials show a project sunk in a morass of politics and government. Those redesigning the World Trade Center—destroyed by terrorists in 2001—were besieged by demands from various agencies and officials, and "the answer was never, 'No,' " said Christopher Ward, executive director from 2008 to 2011 of the Port Authority of New York and New Jersey, the project's builder.

Why that happened is more difficult to untangle. The Port Authority, run jointly by the two states, has long been known for political infighting. City, state and federal agencies, as well as real-estate developer Larry Silverstein, also joined in. In public and private clashes, they each pushed to include their own ideas, making the site's design ever more complex, former project officials said.

These disputes added significant delays and costs to the transit station, which serves as a backbone to the bigger 16-acre redevelopment site, connecting the World Trade Center's four planned office towers, underground retail space and the 9/11 museum, the officials said and oversight reports show.

When completed in 2015, the station is on track to cost between $3.7 and $4 billion, more than double its original budget of $1.7 billion to $2 billion.

Top officials at the agency say the project will be a boon for lower Manhattan when it opens, and they are committed to finishing the job. But now that the price tag has run so high, they question whether it should have been scaled back earlier.

"Did you need to build the $3.7 billion transportation hub to achieve the meaningfulness of the World Trade Center redevelopment?" asked Scott Rechler, vice chairman of the Port Authority since 2011. "In hindsight, I don't know if I would have come to that conclusion."

The high cost has been attributed by many public officials to its ornate and complex design by Spanish architect Santiago Calatrava. His plans proved far more difficult to build than anticipated, the Port Authority has said, requiring, for example, the manufacture of enormous steel spans overseas. Even daily maintenance will be costly. A recently opened hallway has white marble floors where workers remove scuff marks with sponges on sticks. Mr. Calatrava, through a spokesman, declined to comment.

But current and former officials who worked on the project, a terminal for the PATH commuter rail system, said in interviews they believed demands, disagreements and poor coordination among the many parties working on the World Trade Center site spurred hundreds of millions of dollars in overruns.

Former New York Mayor Michael Bloomberg, for example, insisted the memorial plaza be finished by the 10th anniversary of the Sept. 11, 2001 attacks. The request added more than $100 million to costs and months of delay, said Port Authority officials, because once the plaza was built, a large swath of the underground terminal below the plaza had to be built without use of cranes or other large equipment. Workers had to move materials by hand.

Marc LaVorgna, a spokesman for Mr. Bloomberg, said completion of the plaza was "extremely important to the 9/11 families, important for the entire city and, frankly, the country," adding the ex-mayor stands by his decision.

"The fact that the station is a national symbol for government waste has everything to do with its original design and limited purpose," Mr. LaVorgna said.


Conflicting goals among agencies were a major cause of delays and added costs, an analysis by the Journal of monthly oversight reports by the Federal Transit Administration shows. The agency is funding $2.87 billion of the train station project.

One dispute, estimated by former Port Authority officials to have added between $300 million and $500 million to the cost, was over the No. 1 subway line, which runs through the site. The Port Authority wanted to build a new line rather than face the engineering complexity of excavating below an operating subway to build the terminal. The plan would have eliminated the final two stops of the No. 1 line during construction.

The Metropolitan Transportation Authority, which operates New York City's subways, argued the plan would cause service complications across the system as well as isolate lower Manhattan.

George Pataki, then New York's governor, sided with the MTA, a decision he said was critical to the area's revitalization.

The result was that engineers had to suspend No. 1 tracks on an elaborate scaffolding while workers excavated another four stories below.

Critics note the under-construction station serves just 35,000 PATH passengers on an average day—less than a fifth that ride out of Pennsylvania Station in midtown Manhattan, and a third of the number who use commuter rails from the city's Grand Central Terminal.

Early backers of the World Trade Center redevelopment bristle at such criticism, saying all of the project's parts, including the rail terminal, were needed for a first-class facility that would honor 9/11 victims.

The terminal's delays and cost overruns were "certainly unfortunate," said Mr. Pataki, a driving force in the early years of the World Trade Center redevelopment. "But I think 50 years from now, people are going to say, 'Wow, they did it the right way.'"

Mr. Pataki, an influential backer of the rail terminal, sought up to $1.7 billion in federal funding in 2003 to rebuild the terminal with a grand design.

Support for the project outweighed efforts to cut back plans. "Once there was both political and a public embrace of the concept, it became inviolable," said Charles Maikish, who ran the Lower Manhattan Construction Command Center, which warned of surging costs in 2007. That spring, work slowed in heavy rains because contractors at the site hadn't agreed how to pump out excess water, federal documents show. The MTA and Port Authority declined to comment.

The train station's budget grew to $3.2 billion by 2008, when the Port Authority acknowledged substantial delays and improved coordination.

Costs continued to swell, in part because connecting the station with other facilities proved more complex than expected. Disputed costs with neighboring components of the site cost the hub an extra $140 million, federal documents from 2011 show. Port Authority officials say costs have since stabilized.


The most expensive train station in the U.S. is taking shape beneath Ground Zero, including billions in cost overruns. Peter Foley for The Wall Street Journal
But the overruns have affected commuters and travelers elsewhere, the agency said. Because federal support money has been capped, cost overruns for the rail terminal are paid by the Port Authority.

The project has contributed to the agency's strained finances, former officials said. Tolls for the agency's bridges and tunnels that connect Manhattan with New Jersey have more than doubled in the past decade. John F. Kennedy International Airport, La Guardia Airport and the Newark airport—also operated by the Port Authority—face budget constraints.

Port Authority officials acknowledged that the train station has prevented other investments, though they said they were moving forward with such projects such as a new La Guardia terminal as the World Trade Center project winds down.

"The PATH hub absorbed much of the revenue that should have gone to the airports," said Mitchell Moss, director of New York University's Rudin Center for Transportation. "Airline passengers are subsidizing the infrastructure for New Jersey commuters."
http://online.wsj.com/articles/compl...ing-1409788832
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  #413  
Old Posted Sep 9, 2014, 4:46 AM
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Originally Posted by Dac150 View Post
^^^ Agreed, the site is perfect for commercial development and that's what it was envisioned for many decades ago. There are very few opportunities left (if at all) for new commercial development in Lower Manhattan - it would be foolish to let this one slide.

Meanwhile, available office space in the immediate area continues to shrink...


http://nypost.com/2014/09/08/hudson-...two-locations/

By Steve Cuozzo
September 8, 2014


Quote:
.....Hudson’s Bay Co. is near-certain to move its Manhattan office headquarters to one of Brookfield’s downtown office towers. Now, the question is: which one?

We first reported in May that Hudson’s Bay, parent of Saks Fifth Avenue and Lord & Taylor, wants to move its front office near to a planned new department store at Brookfield Place.

At the time, that appeared to mean One Liberty Plaza, the black-steel tower on Broadway between Cortlandt and Liberty streets.

Now, however, real estate and retail sources said the luxury retailer has instead targeted two office addresses at Brookfield Place, the former World Financial Center west of the World Trade Center, for a 400,000-plus square-foot presence: 225 Liberty St., previously 2 WFC, and 250 Vesey St., previously 4 WFC.

Brookfield Place’s 8 million square feet are now just 12 percent vacant, compared with 59 percent just over a year ago after Merrill Lynch moved out.

A Hudson’s Bay lease would lower availability to under 10 percent.

Brookfield has recently lured Time Inc. and Bank of NY Mellon to 225 Liberty St. and Jane Street Capital to 4 WFC.
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  #414  
Old Posted Oct 16, 2014, 9:05 AM
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More looks taken from....
http://www.calatrava.com/








A groundbreaking on saturday...


http://online.wsj.com/articles/a-chu...ned-1413420884


Quote:
Mr. Calatrava designed the church and will attend its groundbreaking on Saturday. If everything goes according to schedule, the building should be finished in 2016 or early 2017.

...Among his creations is the bird-winged PATH station at the World Trade Center, scheduled to be completed next year at almost $4 billion—double the projected cost.

...a video of the yet-to-be-built church, made of white Vermont marble and with spaces that filter light inside during the day and make the structure glow at night, makes it clear his contribution is far from negligible.

“This is what I want; this is what the church wants: a very ecumenical place; they would like to have 24 hours the church open.”
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  #415  
Old Posted Oct 19, 2014, 11:31 PM
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  #416  
Old Posted Sep 10, 2015, 3:00 PM
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Church, Rising at Trade Center Site, Will Glow Where Darkness Fell









Quote:
“The purpose is to project something that will open a window to eternity,” Archbishop Demetrios, the primate of the Greek Orthodox Church in America, said on Tuesday.

For years, little progress was made as the Greek Orthodox Archdiocese of America and the Port Authority of New York and New Jersey squabbled over how the church would be compensated for giving up the Cedar Street parcel — and the air rights along with it — which the authority needed to build an underground vehicle security center.

Conflicts over the future of St. Nicholas also played out within the Greek Orthodox community. The archbishop said in 2001 that he envisioned the new building as a memorial shrine, not just the parochial church it had been. Members of the small but still active parish felt they were entitled to more control over the project.

Fulfilling the requirement of modernity, the principal facade of St. Nicholas, a drum supporting its 48 ½-foot-diameter dome, will glow softly from within after dark. The concrete load-bearing walls will be sheathed in a curtain wall of glass panels sandwiching slices of marble so thin — two or three millimeters — that they will be translucent, illuminated by LEDs in the cavity between the concrete and curtain walls.

Because the glass surface will be nonreflective, it will appear in the daytime that the church is sheathed in solid stone, Mr. Dimitriou said, as he led a reporter and a photographer through the concrete outline of St. Nicholas.
===========================
http://www.nytimes.com/2015/09/10/ny...fell.html?_r=0
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  #417  
Old Posted Sep 25, 2015, 12:31 PM
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  #418  
Old Posted Jan 22, 2016, 3:04 PM
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  #419  
Old Posted Jan 22, 2016, 3:57 PM
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With Fox dropping their plans to relocate to 2 WTC, I assume it also somewhat pushes back when this one will come to fruition.
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  #420  
Old Posted Jan 29, 2016, 6:00 PM
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With Fox dropping their plans to relocate to 2 WTC, I assume it also somewhat pushes back when this one will come to fruition.
This one is more in the Port Authority's hands. They will either sell the land to a developer to build on or lease it like they have done with Silverstein...


http://therealdeal.com/2015/10/29/wt...stment-report/

Quote:
...The report also points out a number of anticipated future revenues that the agency will rake in, including between $800 million and $1 billion for the sale or lease of the 5 World Trade Center development site,


http://www.crainsnewyork.com/article...inally-pay-off

Quote:
...The Port Authority will be able to recoup the money it will pour into the site from several sources, the Rudin Center said. Among them is the sale of the final development parcel at the site, 5 WTC, which could generate hundreds of millions of dollars for the agency.
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