NEW YORK CITY-Despite being currently 45% vacant with about 18 months left before its doors open, real estate experts believe 1 World Trade Center will be mostly leased by the time construction is completed on the 1,776-foot tower.
“The building's size and height means there's really no comparison in New York City,” said Jordan Barowitz, a spokesman for Durst Organization, which is co-developing the tower with the Port Authority of New York and New Jersey.
Barowitz says construction on the skyscraper will be completed on time and he expects more leases to be signed by opening day. He adds that businesses in the media, finance and tech industries have expressed interest in the property.
Seth Hirschhorn, senior managing director at real estate group Citi Habitats, predicts, “As we get closer to 18 months from now we'll see a lot more leases.” See story at amny.com.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
