Record
Ironically, the comments come to light just days before a PortAuthority board meeting during which, it is expected, SilversteinProperties will hand over the keys to the tower, which is slatedfor a 2011 completion. At that meeting, set for this Thursday, theplayers are expected to lock down the PA's lease for some 600,000sf at 4 World Trade Center, also due online in 2011. No one wetalked with expects Coscia's comments to derail either deal.
Calls to the Port Authority were not returned by press time, andthe people at Silverstein Properties refused to comment. But therewas no shortage of reaction from the major brokerages around town.Given the political nature of the issue and the hand some of theplayers have in the lease-up, many spoke to GlobeSt.com only onconditions of anonymity.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
