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.
The 15th anniversary of the 9/11 terrorist attacks is less than two weeks away, and there is new and noticeable progress that has been made on the construction of the World Trade Center.
The building of the new World Trade Center is about to take one big step closer to completion. 3 World Trade Center, the fourth office tower to be rebuilt following the terrorist attacks of September 11, 2001, will be topped out later this morning.
The new World Trade Center is coming together. In March, the Santiago Calatrava-designed World Trade Center Transportation Hub opened. Liberty Park is due to open this summer. Now, we have news about one of the complex’s skyscrapers. 3 World Trade Center, located at 175 Greenwich Street, has reached supertall height.
YIMBY last brought you news of Three World Trade Center, at 175 Greenwich Street in the Financial Distinct, in August when we revealed the height of the 80-story office tower was reduced to 1,079 feet. Since then, when the concrete core had reached roughly the half-way point, the tower has risen significantly, as seen in photos by Tectonic. The core is now closing in on the neighboring Four World Trade Center, which stands 977 feet in height. Steel work is occurring roughly halfway up the tower, and fireproofing and glass installation is taking place on the lower levels. There will be 150,000 square feet of retail space across five floors in the 2.8-million-square-foot building. Silverstein Properties is developing the tower, Rogers Stirk Harbour + Partners is designing it, and completion is expected in 2018.