World Trade Center

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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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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9/11 Memorial Glade Opens to The Public at The World Trade Center

On Friday, May 31, 2019, a new section of the 9/11 Memorial called the 9/11 Memorial Glade opened to the public in the Financial District. Designed by the original architects of the eight-acre memorial site, Michael Arad and Peter Walker, the dedicated space is located on the corner of West Street and Liberty Street, next to the Survivor Tree by the South Tower reflecting pool. Six large, upward-sloping monolithic stones are arranged on the edges of a newly-created, diagonally-oriented walkway. The Memorial Glade is to honor the men and women who have contributed to the recovery, rescue, and relief efforts during and after the 9/11 attacks and are sick, injured, or have passed away.

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The World Trade Center’s Perelman Performing Arts Center Receives $89 Million in Funding

Last week, The Perelman Center received $89 million in funding for the construction of the future Performing Arts Center at the World Trade Center. The funds came from the Lower Manhattan Development Corporation (LMDC), and the U.S. Department of Housing and Urban Development (HUD), and up the total amount of construction costs now covered to 82 percent. The building will be designed by REX Architecture, and will rise 138 feet tall. The inside will be constructed with a steel structural system. It will hold multiple theaters and performance spaces within, while the exterior will be faced in a signature marble envelope on all four sides.

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