NEW YORK | 200 Greenwich - 2 WTC | 1,270 FT | 80 FLOORS | ON HOLD

[chris08876]

Originally Posted by Rhody

First thing that came to mind was it's resemblance to the old twins.

Thats what I thought too.

Really, IMO, 2WTC should be a clone of 1 WTC. No need to go fancy or jenga on the tower. Just make it an elegant box like 1 WTC.




Credit: debate.org


Credit: Vestiges of New York

[JZeig1]

Originally Posted by chris08876

Thats what I thought too.

Really, IMO, 2WTC should be a clone of 1 WTC. No need to go fancy or jenga on the tower. Just make it an elegant box like 1 WTC.

I know you didn't mean anything by posting the pic's together in the manner in which you did, but know what each part represents, it's difficult to look at both of them together.

SAD SIMPLY SAD. And even though we know nothing will replace the lives that were lost, but more than that, how that life that once existed in the WTC area, it will never be the same.

When I look at you image I recognize two totally different times. the late 60's early 70's, and now the millennium generation. The lost of innocence and creation of Trump-ism.

But still, "We Will Never Forget"

[Zerton]

I know talking about this is kind of a faux-pas around here, but I think twinning 1WTC/2WTC is by far a better idea. New York will have its soul back in a way, plus it just looks beautiful. Maybe people don't want the reminder.

[mrnyc]

no doubt 2wtc is jaw dropping expensive, but i dont think it will cost 1wtc money. money is a factor after all.

[chris08876]

Originally Posted by mrnyc

no doubt 2wtc is jaw dropping expensive, but i dont think it will cost 1wtc money. money is a factor after all.

And you see, thats the problem with the whole redevelopment. Money but more precisely, greed.

It's not about symbolism, and I think the whole idea has been lost, which is highly unfortunate. The site has been castrated with delays, and mismanagement. Its insulting to the symbolic nature of getting the project built. 16 years later, it's still not complete. 16 years later, and the loss has not been recouped.

They had an opportunity to snag up tenants that now signed deals with Hudson Yards, but failed.

[mt_climber13]

Is News Corp. still in line to become a major tenant? Now that Fox News is quickly disintegrating, will that have an effect on the development of this tower?

[jd3189]

Originally Posted by chris08876

Thats what I thought too.

Really, IMO, 2WTC should be a clone of 1 WTC. No need to go fancy or jenga on the tower. Just make it an elegant box like 1 WTC.




Credit: debate.org


Credit: Vestiges of New York

It wouldn't look exactly like that but they could just model 2 WTC after 1 WTC and try to format the base to accommodate. Sorry to add to the situation, but as others have pointed out, it's taking longer that it should to rebuild the complex.

Politics is truly a disease that has contributed to NYC delaying or not doing many projects on time with high costs. Even when the projects start, they cost much more than they would have if done at an earlier period. I understand that other factors tie into this, but eventually this is going to catch up to the city. There has to be a better way to finance and build these projects at a timely manner.

[Zerton]

Originally Posted by wakamesalad

Is News Corp. still in line to become a major tenant? Now that Fox News is quickly disintegrating, will that have an effect on the development of this tower?

News Corp dropped out a while back, before the Ailes/O'Reilly fiasco erupted (publicly anyway).

Anyway, does this tower deserve to be in U/C?

[NYguy]

Originally Posted by jd3189

There has to be a better way to finance and build these projects at a timely manner.

It's not comparable to the Hudson Yards (at least Related's towers) because of the special case there (those towers for the most part aren't leased towers). But this tower will obtain financing the traditional way, by first signing a tenant or tenants, which would allow for construction financing by the banks. It's a way to allow the market to decide what get's built, and not dump an unnecessary amount of office space on the market that would take years to fill. That was the case with the original WTC complex. Even the ESB got built at a time when it couldn't get any tenants, taking years to fill space. But short of demolition, this site (and the tower 5 site) are the only remaining sites for large office construction in the financial district. That's very significant.

[Welcome2Boise]

Originally Posted by Zerton

Anyway, does this tower deserve to be in U/C?

It was under construction, i.e. the base is above ground. There is no section of the forum for buildings on indefinite hold; so the u/c is the most appropriate place for it now.

[jd3189]

Originally Posted by NYguy

It's not comparable to the Hudson Yards (at least Related's towers) because of the special case there (those towers for the most part aren't leased towers). But this tower will obtain financing the traditional way, by first signing a tenant or tenants, which would allow for construction financing by the banks. It's a way to allow the market to decide what get's built, and not dump an unnecessary amount of office space on the market that would take years to fill. That was the case with the original WTC complex. Even the ESB got built at a time when it couldn't get any tenants, taking years to fill space. But short of demolition, this site (and the tower 5 site) are the only remaining sites for large office construction in the financial district. That's very significant.

Okay, I forgot about the tenant situation. Thanks for the clarification.

[jayden]

Stop trying to make the Twins happen again. They're not going to happen.

[Yesh222]

Originally Posted by jayden

Stop trying to make the Twins happen again. They're not going to happen.

Whether or not they will is a very different conversation from whether or not they should.

[MmmKevinG]

Originally Posted by jayden

Stop trying to make the Twins happen again. They're not going to happen.

Needed this laugh today.

[TechTalkGuy]

So beside some rants about the old twins, there really is no update on the progress of 2 WTC then?

[jsbrook]

What kind of tax incentives has the city offered and what kind of break on rent has the developer offered on the first couple years of the lease? Anyone have any insider intel? I can't believe how long it's taking to find a tenant on this one. With all the building stock coming aboard and new construction elsewhere, it may take something significant to close this one. Like massive concession on rent (but a longterm lease where it will escalate during the lease) and NJ-type corporate welfare.

[NYguy]

Originally Posted by jsbrook

What kind of tax incentives has the city offered and what kind of break on rent has the developer offered on the first couple years of the lease? Anyone have any insider intel? I can't believe how long it's taking to find a tenant on this one. With all the building stock coming aboard and new construction elsewhere, it may take something significant to close this one. Like massive concession on rent (but a longterm lease where it will escalate during the lease) and NJ-type corporate welfare.

Nothing extraordinary needs to be done here. People always forget how long it took to fill the 10 msf at the old complex. This will get built, the tenants will come. Always remember that New York isn't like a lot of places where there is THE Downtown, or central business district. There is a limited pool of tenenats that will move Downtown, regardless of rents. And the Downtown tenant is different than it was years ago. While it has diversified more, the large tenant that would trigger a tower like this is one that will be making a significant move.

[newyorker]

Originally Posted by jayden

Stop trying to make the Twins happen again. They're not going to happen.

You don't get to decide what we try to make happen. ..you don't have a crystal ball either.

[NYguy]

You guys are killing me. Let's just close this until there is something to report.



MAY 28, 2017


The PATH entrance at 2 WTC...

[NYguy]

http://nypost.com/2017/09/05/deutsch...-trade-center/

Deutsche Bank may be eyeing move to 2 World Trade Center

By Steve Cuozzo
September 5, 2017

Deutsche Bank, a name once unfairly associated with political inertia and delay at Ground Zero, could be the tenant that finally gets Two World Trade Center built to complete the site’s planned office tower quartet.

The financial giant has quietly sent a request-for-proposals to Larry Silverstein regarding a possible relocation to the Bjarke Ingels-designed 2 WTC, sources told Realty Check.

Deutsche, which has long been at 60 Wall St. which it once owned, is trolling for a new Manhattan home for when its lease expires in 2022.

But Deutsche has also sent an RFP to Related Cos. and Oxford Properties Group for 50 Hudson Yards, we’ve learned. Unlike Two World Trade, Related’s 2.3-million-square-footer is set to rise imminently, having pre-signed BlackRock as an 850,000- square-foot anchor. (Mitsui Fudosan is buying a 90 percent stake in the tower.)

Deutsche Bank is considering 1.3 million square feet at either Two World Trade or 50 Hudson.

You’ll recall that Twenty-First Century Fox and the New York Post’s parent, News Corp., were in nonbinding talks with Silverstein in 2015 about moving to Two World Trade, but no deal was struck. The separate media companies controlled by Rupert Murdoch would have taken a total of 1.3 million square feet of the tower’s 2.8 million total.

An RFP is basically a “make me an offer” pitch. But it usually means that a tenant is ramping up its decision-making process.

Although Silverstein built the now-full 4 WTC and is gradually filling 3 WTC, he’s been frustrated in his efforts to land an anchor tenant to get Two World Trade off the ground. (One World Trade is owned by the Port Authority and the Durst Organization.) The three existing towers have drawn tenants such as Condé Nast, GroupM, Media Math, Spotify and Moody’s.

In the years following 9/11, the Deutsche Bank name was associated with the World Trade Center for the ruined hulk of 130 Liberty St. nearby, which was severely damaged in the terrorist attack. But the bank turned it over to the Lower Manhattan Development Corp. in 2004, and it was the agency’s job to take down the blackened ruin — a task it didn’t complete until 2011.

Reps for Silverstein and Related declined to comment. Deutsche Bank reps couldn’t be reached over the holiday weekend.