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NEW YORK CITY-In announcing Thursday’s agreement with Silverstein Properties Inc. on a development plan for SPI’s three World Trade Center towers, the Port Authority of New York and New Jersey noted that the deal followed other recent milestones at Ground Zero. They include a joint venture with the Durst Organization in which Durst will take a minority stake in the Port’s 1 World Trade Center, continued progress on building the 1,776-foot tower and a letter of intent by Conde Nast to lease one million square feet there. Looking out beyond the WTC redevelopment site, the Alliance for Downtown New York would point to other positive signs in Lower Manhattan, including a surge in office leasing.

“Downtown had a blockbuster month of leasing” in July, says the most recent MarketView Downtown Manhattan Snapshot from CB Richard Ellis. The 620,000 square feet leased during July topped the five-year monthly average by 63%, the first time in 11 months that this occurred, according to CBRE.

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