Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-”This safe and secure environment will continue the commercial revival,” said Mayor Michael Bloomberg during today’s unveiling of a revised Freedom Tower design. The site will still contain 2.6 million sf of office space, replacing one quarter of the office space that was lost in 9/11. The redesign was necessary after police officials addressed a number of security concerns with the original design.

The tower’s footprint is now the same size as the footprints of the original Twin Towers. As the tower itself rises from its cubic base, its square edges are chamfered back, transforming the square into eight tall isosceles triangles in elevation. At its middle, the tower forms a perfect octagon in plan and then culminates in an observation deck and glass parapet with elevation levels of 1,362 ft and 1,368 ft, which were the heights of the original towers. A mast similar to Liberty’s torch will extend the height to 1,776 ft.

Plans call for observation decks, a restaurant similar to Windows on the World and theManhattan Television Alliance broadcast and antennae facilities. Below-grade shopping and access to the PATH and subway trains and the World Financial Center are also included.

WTC developer Larry Silverstein expects construction to begin in the first quarter of 2006 with a topping out in 2009 and completion the following year. He feels a series of incentives recently put in place by the state for this site and its neighbor 7 World Trade Center will encourage tenants. Regarding leasing at 7 World Trade, he said there has been a remarkable amount of increased interest since the incentives were announced. “The phones are ringing. I’m encouraged by it.” He said he’s had preliminary talk with prospective tenants in the private sector regarding large amounts of space.

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 GlobeSt.com now!

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.