NEW YORK CITY-The Durst Organization has gotten the nod for a minority equity stake in 1 World Trade Center, the Port Authority of New York and New Jersey said late Wednesday afternoon. Durst will invest at least $100 million and take over leasing and management at the 2.6-million-square-foot office tower under the proposal selected by the Port’s board of commissioners following an executive session.

In a release, the Port says that Durst’s proposal best aligned with the agency’s interests in the long-term success of 1 WTC and because of the firm’s track record in developing green office towers. The LEED Platinum-certified 1 Bryant Park, which Durst developed in partnership with anchor tenant Bank of America, had its formal opening in Midtown this past spring.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.