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The Port Authority has reportedly had talks with the RelatedCos. and also had talks with Brookfield Properties earlier thisyear. Although the Port Authority did not outright deny reports, aRelated Cos. spokesperson tells that they are "not surewhere the reports are coming from" and is "not commenting orconfirming." Brookfield Properties did not return GlobeSt.comqueries for comment by deadline.


The Port Authority reportedly wants to find a developer to forma partnership of sorts and that the developer would complete the $3billion tower as opposed to starting from scratch. Hugh Finnegan,an attorney in the real estate group at Sullivan & WorcesterLLP, who is not involved in talks surrounding the Freedom Tower,tells that the Port Authority "wants to share the painof the construction and leasing risk."


Finnegan continues that "there are rising costs, which willresult in cost over-runs. Leasing downtown is not easy, especiallywith the ongoing suffering of Wall Street," he says.


As previously reported, the P.A. picked Cushman& Wakefield as leasing agent of 1World Trade Center, the Freedom Tower. The Freedom Tower, which iscurrently under construction at the site of the former World TradeCenter, is expected to be complete in 2012.

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.