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WTC tower developer Silverstein continues seek for anchor tenant

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Last week’s announcement that the state green-lighted Brookfield’s and Silverstein Properties’ plan for a supertall, mostly residential tower at Five World Trade Center ignored the more compelling matter of Two World Trade Center — the office skyscraper that Larry Silverstein has tried to construct for greater than 15 years.

Some news reports last week absurdly claimed that 5 WTC was the “final piece” of the complex, apparently forgetting that the 2 WTC site — which might finally complete the tower quartet at “Ground Zero” — stays a small-scale art installation.

The two WTC saga has included a fruitless quest for an anchor tenant after News Corp, parent of the Latest York Post, decided to not pursue a non-binding agreement in 2016; a failed flirtation with Deutsche Bank, and several other major design changes.

A Silverstein spokesman said on Friday, “We’re actively on the lookout for an anchor tenant for two WTC and are optimistic we’ll find one.”

Silverstein’s confidence relies on success at the remaining of the 16-acre WTC. The developer’s 3 WTC and 4 WTC are 90 percent and one hundred pc leased, respectively. The Durst Organization and the Port Authority’s 1 WTC can also be nearly full.

The rep confirmed that architects Foster + Partners had redesigned 2 WTC after Silverstein brought Foster in to interchange a more cutting-edge scheme by Bjarke Ingels’ firm, BIG.

Five World Trade faces its own hurdles as critics demand the residential portion of the tower be used as “inexpensive” housing.KPF

In January 2020, Silverstein told us during a discussion a few possible 5 WTC, “What’s closest to my heart is Tower Two.”

Larry SilversteinLarry Silverstein continues to be trying to search out an anchor tenant for Two World Trade Center.Bloomberg via Getty Images

He also said, “With the extent of lease-up activity at Tower Three, my hunch is it won’t be terribly long before an announcement comes up with respect to Tower Two.”

But then the pandemic intervened.

Meanwhile, Five World Trade still faces its own hurdles. Critics, including former Mayor Bill de Blasio and several other elected officials, are demanding that the entire residential portion — some 1,200 planned apartments — be used as “inexpensive” housing, a requirement that may be un-affordable to the developers.

The present plan calls for about 25% of the units to be put aside for lower-income tenants. The gripes will likely be aired at several planned public hearings.

It’s a certainty that each recent skyscrapers will rise someday. The one real query is, which one first?

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