In a ruling announced yesterday, Silverstein was denied arequest for insurance companies to pay his legal fees in relationto litigation regarding the WTC site. A Silverstein spokespersonsays that while they are disappointed in the decision and thinkit's wrong, it will have no impact on the WTC rebuildingeffort.
The 1,776-ft tower will include approximately 2.6-million sf ofoffice space, plus observation decks, restaurants and broadcast andantennae facilities. Below-grade shopping will be available as wellas access to the New Jersey PATH and NYC subway. Workers are in theprocess of creating foundation footings for the Freedom Tower.Overseen by Tishman Construction, the contractor, Laquila GroupInc., is preparing to excavate rock prior to constructing the towerfoundations, which will consist of concrete spread footings onrock, rock anchors and mini-caissons.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
