As GlobeSt.com previously reported, utilizing the many financialincentives available to the company if they choose to locate in theWorld Trade Center site or another site Downtown--including a Pilotdeal that reduces real estate taxes, low cost power, and waiver ofsales tax on the building, and the entire tenant fit-out--will saveMerrill Lynch $600 million.
The financial firm's lease in its downtown Manhattan office willexpire in 2013 and although preliminary, according to anunidentified source, Merrill is said to be considering one of threebuildings being developed by Larry Silverstein, which the sourcesays is Tower 3. Also known as 175 Greenwich St. anddesigned by Richard Rogers Partnership, it will be located at thecenter of the buildings around the WTC Memorial site. The buildingis around 2.5 million sf, a source tells GlobeSt.com.
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