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Déjà vu: Lower Manhattan’s Transformation

NEW YORK CITY—Despite the devastating terrorist attacks of 9/11, and scores of naysayers, the city’s builders and businesses believed Downtown could be rebuilt because it’d been done before, Rudin Management Co. CEO Bill Rudin tells GlobeSt.com in this second and final part of our 9/11 anniversary coverage.

One World Trade Center One World Trade Center is perhaps the most iconic symbol of Downtown’s resurrection.

NEW YORK CITY—When comparing the Lower Manhattan of today to the same area in the days following 9/11, the transformation seems magical. Prior to the horrific terrorist attacks of that day, the Downtown submarket was little more than a hub for the financial services sector, without resident or tourist activity that could spur residential or retail development.

But when developers like Silverstein Properties, Rudin Management Co. and others set about to redevelop the area, it turns out they had a blueprint. Downtown’s business and real estate community had gone through a revitalization before and they knew how to recreate it.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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