Port Authority

Silverstein Updates YIMBY On Continued World Trade Center Progress as Work on Perelman PAC Gains Momentum

As we look back today in remembrance of September 11, 2001, it’s affirming to appreciate the progress that has been made on the new World Trade Center Complex, especially over the last handful of years. The development has restored a vertical prowess to the Financial District and the Lower Manhattan skyline, given rise to a stunning new transit center topped by by Santiago Calatrava‘s Oculus, and will soon become a cultural destination as well. Construction has resumed for the Ronald O. Perelman Performing Arts Center, tenants are steadily filling the 2.5 million square feet of office space at Three World Trade Center, and tourists and locals are experiencing Memorial Glade, the newest section of the 9/11 Memorial. YIMBY also checks in on the current state of Two World Trade Center and Five World Trade Center.

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Illustration of the Northwest Corner of the JFK Buildout Site

Cuomo Issues RFI for Port Authority’s Redevelopment of JFK Central Hub

Governor Andrew Cuomo has announced a call for ideas in the redevelopment of John F. Kennedy International Airport. The invitation for a request for information by the Port Authority of New York and New Jersey is for the design and development of JFK Central, a roughly 14-acre, mixed-use space within the complex. This is the latest step in Governor Cuomo’s $13-billion plan for the redesign of JFK, which includes two new international terminals with modern passenger amenities, user-friendly ground transportation options, and improved roadway infrastructure to accommodate a projected increase of at least 15 million passengers per year.

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Subterranean Work Complete on the Ronald O. Perelman Performing Arts Center at the World Trade Center

Construction is moving along on the Ronald O. Perelman Performing Arts Center at the World Trade Center. The future 130-foot-tall, marbled-cladded building is designed by Rex Architecture and developed by the Port Authority of New York and New Jersey (PANYNJ). The site is located in the Financial District at the foot of One World Trade Center and Seven World Trade Center. The 9/11 Memorial is to the south of the property, while the plot of Two World Trade Center, aka 200 Greenwich Street, is found to the east across Greenwich Street.

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5 World Trade Center, via YIMBY Reader

City Agencies Broker New Deal With Developers to Bring 5 WTC to Market

State agency The Port Authority and Lower Manhattan Development Group have agreed to issue a joint RFP and divide proceeds generated from the development of 5 World Trade Center. A lengthy dispute between the parties had prevented any progress on the final remaining site within the World Trade Center complex, though it still remains unclear what future property will rise from the parcel, which could yield a tower spanning over one million square feet.

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Construction Ramps Up On the Ronald O. Perelman Performing Arts Center at the World Trade Center

After previously enduring a slight pause in construction, the site of the future Ronald O. Perelman Performing Arts Center has picked up the pace of steel assembly currently forming the bottom sub-levels of the 130-foot structure. They will eventually form the secondary entrance and exit to the World Trade Center’s Vehicle Security Center. The project is already above street level and is being developed by the Port Authority of New York and New Jersey (PANYNJ), and designed by Joshua Prince-Ramus of Brooklyn-based REX Architecture. A 99-year lease was already  approved for the project by Governor Andrew Cuomo.

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