NEW YORK CITY-At roughly 5:20 p.m. yesterday, Seven World Trade Center fell to the ground. The two-million-sf office building housed Mayor Rudy Giuliani’s remote command center, which has now been moved to makeshift meeting rooms at an undisclosed location.

The structure was owned by developer Larry Silverstein’s private company and built on land owned by the Port Authority. Seven World Trade Center was Silverstein’s first deal with the PA, a relationship which peaked when Silverstein Properties Inc. net leased four additional World Trade Center buildings including the now-decimated towers in a historic $3.2-billion transaction four months ago.

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?



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 © 2022 ALM Global, LLC. All Rights Reserved.