NEW YORK CITY-The Durst Organization has gotten the nod for aminority equity stake in 1 World Trade Center, the Port Authorityof New York and New Jersey said late Wednesday afternoon. Durstwill invest at least $100 million and take over leasing andmanagement at the 2.6-million-square-foot office tower under theproposal selected by the Port’s board of commissioners following anexecutive session.

In a release, the Port says that Durst’s proposal best alignedwith the agency’s interests in the long-term success of 1 WTC andbecause of the firm’s track record in developing green officetowers. The LEED Platinum-certified 1 Bryant Park, which Durstdeveloped in partnership with anchor tenant Bank of America, hadits formal opening in Midtown this past spring.

At one time, six major owner/developers were vying for themembership interest in One World Trade Center LLC. As ofWednesday’s vote, the field had been narrowed to Durst and theRelated Cos. At its regularly scheduled meeting last month, theboard put off a vote on making its final pick, possibly until theJuly meeting.