REX Associates

Rendering of the World Trade Center Performing Arts Center

Demolition Imminent for Temporary World Trade Center PATH Station

8:00 am on August 22, 2016 By Evan Bindelglass

The pieces of the new World Trade Center are finally falling into place. In March, the main concourse of the Santiago Calatrava-designed World Trade Center Transportation Hub, also known as the Oculus, opened. In June, Liberty Park opened and 3 World Trade Center topped out. Last week, the Westfield-operated mall at the Oculus, complete with an Apple Store, opened to the public. And now, it appears demolition is about to begin on the temporary PATH station, paving the way for the new Performing Arts Center to begin construction.

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Performing Arts Center

World Trade Center Performing Arts Center Gets $75 Million Donation, Renaming

6:00 am on July 1, 2016 By Reid Wilson

Billionaire Ronald Perelman has pledged to donate $75 million to resurrect plans for the World Trade Center‘s Performing Arts Center, to be located at 70 Vesey Street in the Financial District. That’s the patch of land bound by Vesey, Greenwich, and Fulton streets, once home of the WTC’s temporary PATH station. The three-to four-story, 80,000-square-foot complex, now dubbed the Ronald O. Perelman Performing Arts Center at the World Trade Center, will eventually boast three theaters. They will each seat 499, 299, and 100 people, but will have the ability to be reconfigured into a single 1,200-seat theater, according to the New York Times. Brooklyn-based REX Associates is responsible for the design. Perelman’s donation will be combined with $100 million already awarded by the Lower Manhattan Development Corporation (LMDC). The project is reportedly expected to cost $240 million in total, although the the LMDC said last year it will cost no more than $200 million. Groundbreaking is set for 2018.

Manhattan West

New Renderings Revealed Of Five-Building Manhattan West Development, Midtown West

6:00 am on May 27, 2016 By Reid Wilson

Over the past few months, the five-building, seven-million-square-foot mixed-use development dubbed Manhattan West, located on the mega-block bound by Ninth and Tenth avenues and West 31st and 33rd streets, has been quickly taking shape. In April, the project’s 62-story, 844-unit residential tower at 401 West 31st Street, dubbed Three Manhattan West, topped out. And work has been underway for over a year to modernize the 16-story, 1.8-million square-foot building at 450 West 33rd Street, dubbed Five Manhattan West. Now, new renderings have been revealed of the office portion of the project, dubbed One and Two Manhattan West.

5 Manhattan West

Cladding Installation Underway at Brookfield’s 5 Manhattan West, 450 West 33rd Street

6:00 am on May 4, 2015 By Reid Wilson

Real Estate Weekly watched crews install the first few panels of the glassy curtain wall going in at Manhattan West‘s 450 West 33rd Street, the 16-story, 1.8-million square-foot behemoth located near Penn Station, which Brookfield Properties is renovating top-to-bottom. The transformation is costing $200 million, and this past November, the Wall Street Journal reported that JP Morgan Chase signed a 123,000 square-foot lease for one of the floors. REX Associates is designing, and completion is expected in 2016.

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