New YorkPost

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 GlobeSt.com 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 GlobeSt.com that the Port Authority "wants to share the painof the construction and leasing risk."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, 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 GlobeSt.com 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 GlobeSt.com. 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, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.