With each passing day, the World Trade Center is getting closer to completion. At 3 World Trade Center, major progress has been made toward completion, and we now have new details on the Financial District’s latest outdoor terrace. Larry Silverstein’s Silverstein Properties partnered with the Port Authority of New York and New Jersey for the development.
Last week, YIMBY was taken on a tour of 175 Greenwich Street, aka 3 World Trade Center, visiting the rooftop, the terrace, and the lobby. The building, located in the heart of the Financial District, has made incredible progress, with the façade now complete save for windows connected to the exterior hoist. Interior work is also approaching the finish line.
There has been no bigger development saga in Manhattan than the rebuilding of the World Trade Center, and while it may not seem glaringly obvious, things took a major step forward this week as the glass atop 175 Greenwich Street reached the building’s parapet. It will still take another few months for the southern and eastern sides of the supertall, aka Three World Trade Center, to be completely enclosed, but both northern and western fronts are now fully complete.
It has been over five months since we last checked in on the progress of 3 World Trade Center. At the end of August, the glass was nearly halfway up the supertall tower. Since then, it has come much closer to the top.
New building applications for single and multi-family residential developments in New York City saw a major slowdown in 2016, as the fading boom following the changes that occurred at the Department of Buildings in 2014 began to slack further. Numbers have plunged by over half since 2014, and by 38 percent since 2015. The full report with spreadsheets covering every new building application is available at the research store.