Twenty years after the terrorist attacks of September 11, the redevelopment of Lower Manhattan’s World Trade Center complex is nearly complete. But one tower still hasn’t got off the ground. After architecture firm changes and financing problems, developer Silverstein Properties said construction is set to begin in the coming months on 2 World Trade Center with a new design from Norman Foster’s Foster + Partners. As first reported by Commercial Observer, the developer is close to securing an anchor tenant, which would lead to a construction loan and the start of work within “the next six to 12 months.”
He may have hit it big at the World Trade Center redevelopment, but super-developer Larry Silverstein lost nearly $5 million on the sale of his long-time Park Avenue apartment. He first put the residence at 500 Park Avenue on the market for $13.9 million a little over a year ago, not long after he and his wife Klara bought a $34 million penthouse at Silverstein Properties’ own development 30 Park Place, which overlooks the WTC site. The Silversteins have now sold the Upper East Side home, according to the Post, but for only $9.3 million.
After deciding that he wants to move downtown, mega-developer Larry Silverstein has put his longtime Park Avenue pad on the market for $13.9 million, reports the Wall Street Journal. Silverstein Properties is responsible for much of the World Trade Center redevelopment, so it’s no surprise that Larry is opting to trade his Central Park views for those of the WTC site; last year, he and his wife Klara dropped $34 million on a penthouse at nearby 30 Park Place. The couple moved from White Plains to 500 Park Avenue 33 years ago when their children left for college.
The top-floor units at Robert A.M. Stern’s 930-foot 30 Park Place have a way of making headlines. The 82nd floor penthouse, for instance, boasts the highest private outdoor space in the city, and the building’s own developer, Larry Silverstein, recently snatched up the massive 80th floor spread for $34 million. But below these units are two duplex penthouses that span the 78th and 79th floors, notable for their double-height loggias that, as Curbed notes, have become a fixture in classic Stern buildings like 15 Central Park West and 520 Park Avenue. Curbed also got their hands on new photos of penthouse 78B, on the market for $29.5 million, which not only showcase the incredible views from the terrace, but new looks at the interiors.
Architecture, Battery Park City, Carter Uncut, Features, Financial District, History, opinion, Urban Design
Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter brings us his fourth installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter looks at the evolution of the Lower Manhattan skyline.
Lower Manhattan at the start of the Great Depression was the world’s most famous and influential skyline when 70 Pine, 20 Exchange Place, 1 and 40 Wall Street, and the Woolworth and Singer buildings inspired the world with their romantic silhouettes in a relatively balanced reach for the sky centered around the tip of Lower Manhattan.
Midtown was not asleep at the switch and countered with the great Empire State, the spectacular Chrysler and 30 Rockefeller Plaza but they were scattered and could not topple the aggregate visual power and lure of Lower Manhattan and its proverbial “view from the 40th floor” as the hallowed precinct of corporate America until the end of World War II.
The convenience and elegance of Midtown, however, became increasingly irresistible to many.
Big news on the 2 World Trade Center front. After several months of negotiation and hashing out design plans, News Corp. and 21st Century Fox Inc. have decided not to move into the new tower. The Post first broke the news, reporting that the media companies will remain at their Midtown headquarters at 1211 and 1185 Sixth Avenue where they currently have a lease in effect until 2020.
“After much careful consideration we have decided to maintain our New York headquarters and other business operations. We have extension options that could continue our occupancy on Sixth Avenue through 2025,” the companies wrote in a joint statement. Sources added that the move would have been “a huge distraction for the companies’ global operations.”
2 World Trade Center rendering via BIG
The Post reports that the construction of the Bjarke Ingels Group-designed 2 World Trade Center will come with a $4 billion price tag. The 2.8 million-square-foot downtown tower will top out at 1,340 feet, just 28 feet shy of One World Trade Center, which currently holds the title of the world’s most expensive office building with construction costs coming in at $3.8 billion.
Norman Foster may lose out on yet another major project in Manhattan. The Journal writes that if News Corporation and 21st Century Fox decide to move into 2 World Trade Center, as previously reported, developer Larry Silverstein may drop Foster’s design in favor of a new one by none other than starchitect of the moment, Bjarke Ingels of BIG.
- 3 World Trade Center is back on track and is slated to open in 2018. Larry Silverstein sold $1.6B in unrated debt to fund the tower. [NYP]
- Jackson Pollock’s former Greenwich Village apartment has sold for $1.46M. The home hit the market just over a month ago for $1.25M. [NYDN]
- A handy guide on how to turn your block into a historic district. [DNA Info]
- The lost decorations that once adorned the city’s most prominent buildings are being restored and recreated. [NYT]
- Red Hook’s cool vibe is attracting the super-luxury crowd. A fancy new building at 160 Imlay is selling off condos like hotcakes. [Brownstoner]
- Co-op prices in the Bronx are on the rise but remain the city’s most affordable. [DNA Info]
- Ridgewood could be getting another new residential development. [Curbed]
Images: 3 WTC (left); Jackson Pollock’s former apartment (right)
Demolition permits have been filed with the Department of Buildings for the tallest condominium building south of ‘Billionaires’ Row.’ The approximately 950-foot tower revealed by real-estate blogger YIMBY last month will house 129 condos within a dramatic champagne flute-like design by the architects Kohn Pedersen Fox Associates.
Tentatively named 101 TriBeCa, the uppermost floorplates increase in size to take greater advantage of views uptown and towards the river that most likely will remain unobstructed years to come due to restrictive zoning in TriBeCa and Battery Park City.