Westfield Group, the mall owner that operated the retail space in Manhattan’s World Trade Center before it was destroyed by terrorists on 9/11, wants to start building at Ground Zero, according to this article.Peter Lowy, Westfield’s global co-managing director, says that his firm has the money to fund the project on its own. “We could write a check,” he told the Journal. His firm’s plan calls for 540,000 square feet of underground and street level retail.Apparently it won’t be an easy effort, though, because Ground Zero developer Larry Silverstein is supposedly against Westfield’s plan because it would further delay the development of his office buildings on the site.We don’t want to point any fingers saying who is right or wrong in this debate, but we just wish SOMETHING would get built at the site. It’s pathetic that this has taken so long. In this city we can get two baseball fields open on time, but we can’t rebuild a section of town where thousands lost their lives.

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?


© 2023 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.

Dig Deeper



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 © 2023 ALM Global, LLC. All Rights Reserved.