Spotify’s Expansion will Create More than 1,000 New Jobs and Retain 832 Existing Jobs in New York City
“This new location ensures that we retain our key talent and also remain in close proximity to our customers and brokers. We’re thrilled to stay Downtown in one of the most exciting, vibrant and accessible neighborhoods in the world.”
Hudson River Trading, the fintech pioneer quantitative trading firm, has signed a 69,000 sf lease for the 57th and 58th floors (including the 5,000 sf terrace) at 4 World Trade Center.
The Urban Land Institute today named Silverstein Properties CEO Marty Burger the new chairman of ULI New York, effective July 1, 2016
...this is the first time in a half a century that New York City has built a truly sumptuous interior space for the benefit of the public.
Silverstein Properties partnered with Riviera Caterers for an event space 860 feet in the sky on the building’s 68th floor, featuring otherworldly views of Gotham.
FiDi has, or soon will have, almost everything to please its office workers and residents: luxury fashion stores, gourmet food markets and major-league restaurants.
January’s top 10 office leases spanned 919,480 square feet of space, with an average lease size of about 91,000 square feet, according to a TRData analysis of CoStar Group information, for deals with known tenants.
With the World Trade Center Transportation Hub by Santiago Calatrava about to open in March, CNN has named it one of 9 new buildings set to define cities in 2016.
Hawksmoor, the renowned London steakhouse, will debut in the United States as the flagship restaurant at Three World Trade Center in late 2017.
It’s the largest new office commitment at any World Trade Center building since GroupM’s original 520,000-square-foot lease in December 2013.
The Downtown economy has already fully recovered from the 9/11 attacks and the financial crisis, but the best is yet to come for Lower Manhattan, according to a new report.
The Downtown Alliance nailed it with a report it put out just before Thanksgiving on the district’s current healthy state and a future likely to see significant economic growth.
FiDi used to turn into a veritable ghost town past 5:30 P.M., but a recent revitalization has packed the neighborhood with enough culture, cuisine and can’t-miss watering holes to proffer a rich playing ground for a first date or a girls’ night out.
Project Team Includes Davis Brody Bond as Executive Architect, Charcoalblue as Theater Consultant, and DBI Projects as Construction Manager
The center is expected to announce that REX, led by Joshua Prince-Ramus, will lead the project
Can Downtown Manhattan, which notoriously lacked good places to eat, suddenly be on the brink of having too many?
OFFICIAL PRESS RELEASE:
SNY, TV HOME OF THE METS, JETS AND ALL THINGS NEW YORK SPORTS, MOVING TO 4 WTC
STERLING EQUITIES AND STERLING PROJECT DEVELOPMENT TO RELOCATE MANHATTAN OFFICES
Westfield World Trade Center’s retail space is spoken for and the tenant roster is heavy on fashion, beauty and jewelry.
Businesses are coming to the World Trade Center’s newly redeveloped shopping area
Long attached to the belief that art brings vitality, excitement and dimension to any landscape, after 9/11 Silverstein head Larry Silverstein invited artists to work in vacant spaces around the World Trade Center site. And, why not? The empty, unfinished floors look a little like a Soho artists loft in the sky.
Two of Crain’s 50 fastest growing companies are 4 WTC tenants: Media Math (13) and Syntactex (12).
The new and improved World Trade Center has helped kick-start a commercial transformation in Lower Manhattan, creating a hub for innovation, media and tech that's attracted some of the biggest media companies to the region.
Mr. Lieber, 53, is the president of the World Trade Center Properties division of Silverstein Properties, overseeing the developer’s four World Trade Center buildings.
Before joining Silverstein Properties in 2003, Mr. Lieber served in the administration of Mayor Edward I. Koch and as an acting assistant secretary of the Department of Transportation under President Bill Clinton.
New buildings incorporate terraces and are designed to engage with the surrounding city
When the Fulton Transit Center opened last November, glowing reviews celebrated its 53-foot-wide oculus while lamenting its $1.4 billion price tag, which had doubled since the project’s inception several years before. Some fears about the cost were assuaged by the fact that the MTA had turned the central hub at Fulton into a 180,000-square-foot mall, with retail encircling a four-story atrium.
“A move to 4 World Trade Center is a proud moment for our agency,” said Lynn Casey, the chair and chief executive officer of PR agency PadillaCRT, in prepared remarks. “This building and the forward-thinking artistry of Silverstein Properties is synonymous with our agency’s vision and commitment to doing business in this great city.”
The last time we checked on Silverstein’s 175 Greenwich Street (aka Three World Trade Center), work had resumed, and the core had just begun rising again. Now, five months later, the future supertall has just passed the halfway point in its rise. A project insider has sent along several photos, as well as a few snippets of information, including word that the structure is up to the 41st floor (out of 80 total).
The supposedly stalled office market south of Chambers Street quietly racked up over 300,000 square feet in new leases over the past few weeks, laughing off second-quarter data that appeared to show a slump.
Ranked among the top independent leading PR and communications firms in the nation by O’Dwyer’s currently, PadillaCRT is moving from Midtown South to 4 WTC’s 48th floor in early 2016. Over the next 15 years, the firm will lease the remaining 14,639 feet of space on the 48th floor of the Midtown Manhattan tower according to 4 WTC’s landlord, Silverstein Properties.
Public relations firm PadillaCRT will fill out the remaining space on the 48th floor of 4 World Trade Center, according to landlord Silverstein Properties.
Four more companies have recently signed leases for a combined 71,000 square feet of office space at Silverstein Properties’ 4 World Trade Center. To date, 1.36 million square feet have been leased, totaling 62 percent of the available space in the building.
NEW YORK, July 28, 2015 – Silverstein Properties announced today that it has signed leases with four companies for a combined 71,000 square feet of office space at 4 World Trade Center. To date, 1.36 million square feet have been leased, totaling 62 percent of the available space in the building.
BIG's shape-shifting, stacked tower design for 2 WTC fills in the monolithic, corporate campus of the World Trade Center complex when viewed from the south.
The new design for 2 World Trade Center has been splashed everywhere in the press, but last week, Community Board 1 was the first to get a public presentation. Members of the board’s Planning Committee applauded at the end of the presentation Mon., July 13. “Wow” and “that’s exciting” were heard as Dara McQuillan, spokesperson for Silverstein Properties, explained that the design was about to be presented.
"The new IEX trading floor is impressive. Airy, clean and yet intimate, the new space on the 44th floor of 4 World Trade boasts spectacular views and some killer amenities. The conference rooms have floor-to ceiling windows for an instant sense of vertigo for visitors..."
When the chain-link fences are pushed aside this week, pedestrians will be able to cross the crossroads of Greenwich and Fulton Streets in Lower Manhattan. This is big news.
Crowds are snapping up charcuterie and rotisserie-juicy meats at Le District, the new French-themed market in Brookfield Place, and floating up the Winter Garden escalator for noshes from Black Seed Bagels, Mighty Quinn’s Barbeque and Blue Ribbon Sushi Bar in the Hudson Eats food court.
650 creative professionals came together on June 10th to celebrate the new downtown. The "Down is What’s Up" event, held at 4WTC, by the Downtown Alliance, was a celebration of Lower Manhattan’s remarkable transformation.
On June 9, 2015, Silverstein Properties had a summer barbecue on the 57th floor terrace of 4WTC. Five hundred of the city’s top commercial real estate brokers joined SPI to enjoy the views, brews and who’s-whos at this fantastic event.
When Bjarke Ingels set out to create the fourth and final skyscraper at the reborn World Trade Center earlier this year, he faced the same dilemma that has burdened every architect who has ventured onto New York’s most hallowed and expensive construction site. Would he design a stately tower, respectful of the history of the property, where some 3,000 people died in 2001? Or would Ingels, a brash Danish prodigy, follow his instincts and steer the building in a more adventurous direction—and risk running into the controversy that has dashed the ambitions of many a World Trade Center architect before him?
Ever since Condé Nast moved into One World Trade Center at the beginning of 2015, the brand's intrepid editors have been exploring their new neighborhood—and finding plenty to love. Here, editors like Condé Nast Traveler's Pilar Guzmán, Bon Appétit's Adam Rapoport, and Allure's Linda Wells share the hot spots they frequent in Lower Manhattan.
Just listen to who’s making Lower Manhattan New York’s most dynamic neighborhood to do business in.
Newly arriving mad men, tech innovators, fashionistas and media titans are joining established neighborhood forces in law and finance to usher in a new era in Lower Manhattan. The area’s business landscape is undergoing a dramatic transformation. Find out from the firms who are making New York’s oldest neighborhood new again why they call Lower Manhattan home by watching their videos below.
4WTC hosted the Sky’s the Limit cocktail party on the 57th floor on May 13th for the AIR Society, which benefits National Jewish Health. Co-chaired by Roger Silverstein, executive vice president at Silverstein Properties, and Stacey Silverstein, the event honored Michael Lehrman, Co-Chief Executive Officer and Co-Founder, CCRE Global Head of Real Estate, BGC Partners, Inc. Organized by Janeen Saltman, the party has grown from 70 people in its first year to hundreds this year.
World Trade Center Transportation Hub, known as the Oculus, opens to the public on Thursday, May 7, 2015. See photos of the $3.9 billion station
Santiago Calatrava’s Oculus, that unearthly winged structure taking form at the World Trade Center, will open to limited pedestrian traffic in June.
The new World Trade Center, preparing for its huge opening, will anchor a lower Manhattan that’s booming and has plenty of room for visitors.
While the end is not in sight for construction at the World Trade Center site, a significant portion of the redevelopment is set to open to the public after years of delays and setbacks.
The thing about web video is that’s it’s not just ‘web’ any more.
And AOL AOL -2.47% proved that they know that with a smart presentation that married the “show” and the “business” with a number of big ticket surprises.
First, let’s start with this year’s NewFront location. It was the 54th floor of 4 World Trade - space that was raw, and real, and with jaw-dropping views of the Hudson River and 1 World Trade.
While most young entrepreneurs hole up in co-working spaces, a few lucky ones are running their firms out of 7 World Trade Center -- for free.
Yesterday seemed an apt day for a stroll around the long-resurrecting World Trade Center—somewhere I haven’t purposely been avoiding, but also haven’t spent much time at since the weather turned dreary. If you haven’t visited in a while, you’ll be surprised at the sense of place that now exists there.
You no longer need to head to Midtown for upscale shopping. Hermes, Bottega Veneta, and Diane von Furstenberg are just a few of the retailers who have a new home near the World Trade Center.
4 World Trade Center has launched a photo contest across social media, allowing the public to submit their original photos of 4WTC for a chance to win a private tour of the building.
In the shadow of One World Trade Center, the colossal skyscraper in Lower Manhattan, lies a newly renovated luxury mall that hopes to be a mecca for swanky shopping.
An Eataly-type market for French food is set to open in the financial district.
From the rise of One World Trade Center to the rebuild of the Fulton Street subway station to the restaurants and retail going in at the renovated Brookfield Place, FiDi has seen more than $30 billion in public and private investment over the last decade.
Installation of the World Trade Center transportation hub's vaulting glass ceiling is scheduled to begin Monday, as the final touch of one of the site's most distinctive features, set to open this spring.
If you ask someone to name New York’s best shopping districts, chances are you will hear Fifth Ave., Madison Ave., Herald Square and, of course, Soho. But very soon, you will start hearing the Financial District added to the mix. And not just for shopping, but for food as well.
When the massive World Trade Center transportation hub finally opens in late 2015, there will be at least one spot to grab a cocktail.Gourmet cafe Èpicerie Boulud, set to open a 2,400-square-foot space inside the giant, winged transportation and retail center, will serve beer, wine and hard alcohol, representatives said this week.
The Port Authority of New York and New Jersey has released pictures of the state of play at the World Trade Centre’s $3.8bn transportation hub, which is being constructed above and below the temporary Trans-Hudson station in lower Manhattan.
Nobu, for 20 years one of New York’s most storied and influential restaurants, is leaving its Tribeca home for 195 Broadway — in the heart of the Wall Street/World Trade Center area.
By early 2017, Nobu will open in 14,384 square feet at the “wedding cake,” the former AT&T building, including ground-floor space on the Fulton Street side and a portion of the lower level.
With world-class architecture and an influx of culture and nightlife, there’s no where better to showcase the best of the New York collections?
One World Observatory, New York City, USA
Open: Spring 2015
JLL reports the major themes for the year included the migration of large tenants to Lower Manhattan, record leasing activity in Midtown South and the continued rise of Midtown's Trophy properties as both international investors and tenants take interest.
Though no official figures have yet been tallied, we saw more than 6.5 million square feet of leasing in the Downtown market in 2014. Publisher Harper Collins leased 185,000 square feet at 195 Broadway. Media Investment Management outfit Group M will occupy 516,000 square feet at 3 World Trade Center.
As the tower rose, people started to see that some of the most interesting views are much more intimate—the iconic Woolworth Building and the whole World Trade Center site are right there. All of the views have been a major selling point, and Curbed got to check them out from 750 feet up on the 73rd floor during a recent construction tour.
Imagine leaning out of an open door of a helicopter 7,500 feet over New York City on a very dark and chilly night...
And seeing this:
CBRE Group today released its fourth-quarter 2014 statistics that included figures on the full-year 2014 Manhattan market, confirming what many in the New York real estate space had already known: Downtown’s resurgence is continuing unabated.
Lower Manhattan, # 16 on The New York Times list of the world’s best places to visit in 2015.
The southern tip of Manhattan is becoming one of New York City’s most vibrant neighborhoods. The long-awaited One World Trade Center and 9/11 Memorial, which opened last year, will soon be surrounded by an appealing array of dining, shopping and lodging establishments.
With the opening of 1 World Trade Center, and a boatload of new restaurants debuting to feed the tower’s tenants, the Financial District is cementing itself as a dining destination in 2015.
Kevin McKenzie, global chief digital officer at Westfield Group, talks to BoF about the mall of the future, Westfield’s World Trade Center and the role of the physical store in a digital world.
For New York City's office real estate market in 2014, all eyes were on TAMI — technology, advertising, media and information — and that trend will likely continue in 2015, experts predict.
“We came up out of the Fulton Street station and our eyes popped out,” said my friend, an acclaimed photographer who often returns to the studio he still keeps here but had not been downtown since when 1 WTC was a stump. “No matter what you guys write, everybody in the world is going to love it. Even the dinosaur.”
The 83-year-old chairman of Silverstein Properties and master leaseholder and developer of the World Trade Center site invited Commercial Observer into his office on the 38th floor of 7 World Trade Center, motioning both in the direction of the existing and rising towers on the Trade Center site and the almost-topped out condo and Four Seasons hotel by Robert A.M. Stern at 30 Park Place. “It’s exciting as hell,” Mr. Silverstein said with his signature enthusiasm.
Like Oliver Warbucks before him, Stacks is a successful businessman, but his residence is nothing like Warbucks’s 130-room Versailles-inspired limestone palace in the first film. Instead he lives in a power penthouse with 360-degree views of Manhattan. Marcia Hinds, the film’s production designer, created the set on the 47th floor of the glass office tower at 4 World Trade Center
On December 3rd, Silverstein Properties gave brokers a “Taste of Downtown” on the 57th floor of 4 World Trade Center. Five hundred of the city’s top commercial real estate brokers joined Larry Silverstein to enjoy wine and cocktails by Ward III and City Winery, as well as food by Downtown’s top restaurants including Blue Smoke, Eataly, Finacier Patisserie, Fika, Mulberry & Vine, North End Grill, Sarabeth’s, Tamarind and The Palm.
NEW YORK, Nov. 19, 2014 – Silverstein Properties announced today that IEX, a start-up stock market dedicated to institutionalizing fairness through technology, and the subject of Michael Lewis’ book, Flash Boys, has signed a 7-year, 13,000 square foot (1,208 square meter) lease at 4 World Trade Center. The company expects to move to the 44th floor of 4 World Trade Center in April 2015.
The Condé Nast crowd will have lots to nosh on at the World Trade Center.In addition to Eataly in the base of 4 WTC, Westfield Corp. — which owns all the retail space at the 16-acre complex — has signed leases with 14 gourmet food stores and grab-and-go spots, The Post has learned.
On November 11th, 7WTC hosted a breakfast panel discussing the development and higher profile of lower Manhattan, along with the launch of the 2014 Owners Magazine, with Andrew Essex, Dennis Friedrich, Larry Silverstein, Mary Ann Tighe and Jonathan Mechanic.
The New York Jets Taste of the NFL held its annual extravaganza of food, fashion and fighting hunger during the Jets' bye week. This year's 11th Taste of the NFL, presented by MasterCard, Saks Fifth Avenue and ESPN New York 98.7 and again hosted by center Nick Mangold and defensive end Muhammad Wilkerson, was held Monday, November 10 at 4WTC.
The glass-and-steel prism called Fulton Center began life as a public-transit labyrinth, a spaghetti-bowl tangle of dimly-lit corridors, narrow switchbacks and baffling signage cobbled together out of five subway stations built in the early 1900s.
Tourism, proximity to major attractions and transportation and retailers’ desire to situate their luxury and global brands in elite, high-traffic areas drove retail rents up along 13 of 17 Manhattan shopping corridors surveyed in The Real Estate Board of New York’s (REBNY’s) Fall Retail Report.
Everywhere you go Downtown—from Midtown south, Park Avenue south, Chelsea, Soho and many other locations—the real estate is white hot. The vacancy rate in Manhattan continues to recede, now at just 9.7 percent.
Batten the hatches, Lower Manhattan, because we’re coming for you—Vogue officially has left the building (4 Times Square, that is) and is making its way down to our new home at 1 World Trade Center.
The tone was bittersweet Monday morning at One World Trade Center, where office employees for the first time arrived for work at the skyscraper that stands near where the Twin Towers fell in 2001.
“The building is open for business,” said Jordan Barowitz, an official of the Durst Organization, which developed the building, 1 World Trade Center, with the Port Authority of New York and New Jersey. “It’s a beautiful building, it’s a historic building, but it’s an office building and it’s open for business.”
For two days last weekend, moving trucks shuttled a total of 2,800 orange crates crammed with files, photographs and books from a Times Square office tower downtown to the tallest skyscraper in North America, 1 World Trade Center.
This year, ULI New York held their Fall Meeting in New York City. The conference brought together more than 7,000 real estate professionals from across the country. The week was filled with meetings, cocktails, tours and networking sessions. 4WTC was a proud sponsor of the conference, hosting a dozen events throughout the week.
Neighborhoods from the Garment District to downtown Brooklyn have billed themselves as New York City’s next tech and creative hub. Now lower Manhattan is bolstering its claim with data showing the number of employees in the coveted fields increased 71% in the past five years.
The grand opening of the Fulton Center transit hub to the public will take place Nov. 10, making it the first of the MTA megaprojects to be finished, transit officials announced Monday.
Located along the western edge of Memorial Plaza, 4 World Trade Center by Maki and Associates is part of the Studio Libeskind master plan for the World Trade Center being developed by Silverstein Properties.
Following two successful locations in the Hamptons—first Sag Harbor, then Southampton—modern Mediterranean eatery Tutto Il Giorno has set up kitchen in lower Manhattan. Restaurateurs Gabby Karan de Felice and her husband, Gianpaolo de Felice, along with executive chef and partner Maurizio Marfoglia debuted the Tribeca spot during New York Fashion Week earlier this month.
Leasing of office space in Manhattan through the third quarter of the year was on pace to set new records, with big deals involving upward of 100,000 square feet leading the charge, according to a report from real estate services giant CBRE Group Inc. Tuesday.
The restaurant plans to reopen in Battery Park City, becoming the jewel in the crown of Brookfield Place, at the southern end of the complex.
An increasing number of hotels are in the works in the area and activity at existing hotels is strong, according to data from lodging industry firm STR cited by the New York Observer. Roughly 3,292 rooms divided across 17 projects will be added to the area in the near future.
Dara McQuillan of Silverstein Properties took us on a tour of the newly opened WTC Tower 4 and the fully-leased Tower 7.
Finally — Manhattan’s financial district is poised to become a luxury destination.
Saks Fifth Avenue has confirmed earlier reports in The Post that it will open a new flagship store in spring 2016, anchoring the upscale Brookfield Place complex that’s under development near the World Trade Center.
Morningstar Inc. has signed a 10-year, 30,000-square-foot lease at 4 World Trade Center and will move to its new 48th-floor space in mid-2015, Silverstein Properties announced Thursday.
“We’re excited to expand our footprint in New York by leasing space in such a beautiful building,” says Joe Mansueto, chairman and CEO of Morningstar. “We conducted an extensive search, and we love the building’s design. Moving Downtown allows us to double our capacity for staff in New York.
Morningstar Inc. (MORN) agreed to a 10-year lease at lower Manhattan’s 4 World Trade Center as it expands in New York, landlord Silverstein Properties Inc. said.The investment-research firm is taking 30,000 square feet (2,800 square meters) on the tower’s 48th floor, with plans to occupy the space in mid-2015, Silverstein said today in a statement. Morningstar is moving from 1065 Avenue of the Americas in Midtown, where it has about 7,500 square feet, Dara McQuillan, a Silverstein spokesman, said in an interview.
Morningstar Inc., the investment reporting and research firm, is moving to lower Manhattan. The company has signed a 10-year lease for 30,000 square feet at 4 World Trade Center, the 72-story, 2.3 million-square-foot office tower that developer Silverstein Properties opened earlier this year. The firm will be relocating from 1065 Sixth Ave., where it has 7,500 square feet, and will almost triple its office space in the transaction.
Independent investment research provider Morningstar will move its New York City offices from Midtown to downtown in the middle of 2015 through a 10-year, 30,000-square-foot lease at 4 World Trade Center, Silverstein Properties announced today.
Larry Silverstein has signed another tech tenant for 4 World Trade Center, leasing 30,000 square feet to investment research firm Morningstar Inc., the developer announced on Thursday.
Chicago-based investment research firm Morningstar has grabbed 30,000 square feet at Silverstein Properties’ 4 World Trade Center, according to the developer.
NEW YORK, Sept. 18, 2014 – Silverstein Properties announced today that leading independent investment research provider Morningstar, Inc. has signed a 10-year, 30,000 square foot lease at 4 World Trade Center. The company expects to move to the 48th floor of 4 World Trade Center in mid-2015.
On September 10th, 4WTC hosted the HugoBoss Womenswear Spring/Summer 2015 Fashion Show overlooking the New York skyline.
“We partnered with Schindler (Elevator) to design an elevator system that was fast and energy efficient,” McQuillan said. “The elevators are fast, they’re quiet, they get you up and down in no time at all, and they save a huge amount of energy and electricity.”
Companies are beginning to get a glimpse of the former glory of Manhattan's financial district after a long, arduous effort to revitalize the area's business community.
Today marks the 13th anniversary of the September 11 terrorist attacks, and although the 16-acre World Trade Center complex is far from complete, a substantial amount has been rebuilt, filling a long-empty piece of Downtown.
The New New Downtown: Held at 4 World Trade Center, the view of the New York City skyline from the Boss show today was a hint at the changing landscape of Fashion Week.
The current state of Lower Manhattan is the healthiest it has been since 2001 and only time will tell if the availability rate will reach as low as it did in July 2000, when it was 4.5 percent.
World Trade Center developer Larry Silverstein, master plan architect Daniel Libeskind and Port Authority of New York & New Jersey Vice Chairman Scott Rechler praised the progress of the 16-acre trade center site today in a “World Trade Center update” event timed for the week of the Sept. 11 anniversary.
A media event was held on the 68th floor of 4WTC where New York Rebuilding Officials presented an update on the progress of the World Trade Center development and revitalization of Lower Manhattan.
Thirteen years after 9/11 forever changed the New York skyline, officials say most work at the World Trade Center complex is on track and on budget. The complex sits on the site of the 2001 terrorist attacks and plans include four buildings, the 9/11 memorial and museum, a shopping center, and a transportation hub, known as the oculus. The memorial and museum have opened, as have parts of the transportation hub.
For the first time, the plaza will be open to the public on 9/11, beginning at 6 p.m.
Port Authority and the World Trade Center site developer, Larry Silverstein, are touting the progress that’s been made as well.
The controversial World Trade Center transportation hub, plagued by cost overruns and political bickering, should fully open toward the end of 2015, officials said Tuesday during an update on the reconstruction of lower Manhattan.
Amber Heard, Rita Ora, Gigi Hadid, Rosario Dawson, and Harley Viera-Newton, all clad in Calvin Klein Collection, ascended to the 68th floor of 4 World Trade Center, where they were treated to champagne and bass-thumping music in an industrial, pared-down setting.
To mark the 13th anniversary of 9/11, the History and Smithsonian channels have compiled two separate and quite different specials on the construction of the Freedom Tower and other buildings at the World Trade Center site.
On September 3rd, a screening event for Marcus Robinson's documentary film "Rebuilding the World Trade Center" was held on the 68th floor of 4WTC. Robinson was presented with a BAFTA Television Craft Award for Photography – Factual by the British Academy of Film and Television Arts New York.
As Silverstein Properties Inc. and other downtown business boosters strive to shift the center of gravity for New York's media and technology industries southward, they can only hope more companies undergo an evolution in thinking as radical as MediaMath's.
This autumn, publishing giant Condé Nast will begin the process of moving all 2,500 of its New York staff from their Midtown offices in Times Square down to One World Trade Center, known as The Freedom Tower, in Lower Manhattan. The move covers a distance of just four miles but its significance is enormous as New Yorkers see the balance of their city shift to the south.
Officials say commuters and visitors at the World Trade Center will be able to take advantage of free WiFi. The Port Authority of New York and New Jersey announced an agreement with Boingo Wireless on Monday.
Schindler Elevator Corporation has provided state-of-the-art elevator technology at 4 World Trade Center including 37 custom high-performance Schindler 7000 elevators (34 passenger cars with Schindler's industry-leading PORT Technology destination-dispatch system, and three high-rise service cars). Schindler also provided two custom hydraulic elevators, two geared service elevators, and six Schindler 9300 escalators to transport passengers to two separate retail areas serving the building.
On Friday, New Yorkers will be able to do something they have not done in nearly half a century: stand on the corner of Cortlandt and Greenwich.It will be the first recreated street intersection on what had been the monolithic World Trade Center site, the first three-dimensional expression of a long-sought goal to reintegrate the 16-acre site with the rest of Lower Manhattan.
Lance Jay Brown, FAIA, president of the American Institute of Architects’ New York Chapter, and Rick Bell, FAIA, the organization’s executive director, offered their expert perspectives on the three New York City-based winners of the trade and advocacy group’s 2014 architecture design awards in an exclusive email interview with Commercial Observer.
Four World Trade Center has a new major tenant. MediaMath, a growing digital company that specializes in marketing, will move its 300 employees into the 44th, 45th, and 46th floors of the building in early 2015, it was announced Monday.
While technology firms have been migrating South on their own, yesterday's signing of a new lease at 4 World Trade Center is the fruition of several measures being taken by Silverstein Properties to attract Downtown's newest hot sector, says Avison Young principal Greg Kraut.
The advertising technology firm MediaMath Inc., already one of the city's venture capital darlings, is now taking another high-profile step: Becoming the first private-sector tenant of 4 World Trade Center.
Marketing software developer MediaMath inked a 15-year lease for 106,000 square feet at Silverstein Properties’ 4 World Trade Center. MediaMath had been in talks for a few months over occupying floors 44 through 46. Asking rent was in the mid-$70s per square foot, the New York Post reported.
Silverstein Properties announced today that global technology company MediaMath has signed a 15-year, 106,000 s/f lease at 4 World Trade Center. The company will consolidate its more than 300 NY-based employees from three Midtown locations into the 44th, 45th, and 46th floors of 4 World Trade Center when it moves into the 72-story tower in early 2015.
Digital media buying platform MediaMath has sealed a 15-year deal to move from Midtown to 106,000 square feet at 4 World Trade Center. It is the first private-sector tenant for the Financial District building.
The software company MediaMath has completed a lease to take 106,000 square feet at 4 World Trade Center in lower Manhattan. According to Silverstein Properties, the 72-story, 2.3 million-square-foot office tower's landlord, the company will take the building's 44th, 45th and 46th floors for 15 years.
MediaMath Inc., a digital-advertising company, agreed to a 15-year lease at 4 World Trade Center, becoming the lower Manhattan skyscraper’s first non-government tenant.MediaMath is taking 106,000 square feet (9,800 square meters) and plans to move its more than 300 New York-based employees from three locations in Midtown to the 72-story tower, developer Silverstein Properties Inc. said today in a statement.
MediaMath came up with the right number for Larry Silverstein. The global technology company has signed a lease for 106,000 square feet at 4 World Trade Center, making it the 2.3 million square-foot tower’s first private-sector tenant.
NEW YORK, July 21, 2014 – Silverstein Properties announced today that global technology company MediaMath has signed a 15-year, 106,000 square foot lease at 4 World Trade Center. The company will consolidate its more than 300 NY-based employees from three Midtown locations into the 44th, 45th, and 46th floors of 4 World Trade Center when it moves into the 72-story tower in early 2015.
During the course of the next year, 635,000 square feet of retail space will open, to be followed by another 200,000 square feet of shops by late 2016. All told, it is one of the largest additions to the retail landscape in the city's history.
Lower Manhattan office leasing surged in the first half, pushing down vacancies as tenants took advantage of some of the borough’s lowest rents, Cushman & Wakefield Inc. reported. Downtown’s vacancy rate of 10 percent is now lower than Midtown’s 11 percent.
Midtown is losing its edge as the preferred market as more companies turn their attention to other parts of Manhattan. The change comes as the driving force behind leasing shifts from the financial sector to tech, advertising and media companies.
The swaggering downtown office market scored a one-two punch on Wednesday, as Bank of New York Mellon signed a lease at Brookfield Place and Larry Silverstein got the boost he needed to resume building 3 World Trade Center.
Construction on Lower Manhattan's flagship 3 World Trade Center building is set to restart after the developer was given the go-ahead on Wednesday to use $159 million in insurance money while he raises more than $1 billion private sector financing.
After several failed attempts to obtain needed funding for the 80-story tower, developer Silverstein Partners gets green light from the Port Authority of New York & New Jersey to tap $159 million in insurance proceeds, as two banks express confidence that the rest can be raised in the bond market.
Larry Silverstein said he plans to restart construction at lower Manhattan’s 3 World Trade Center, stalled at eight stories, following a new financing agreement with the Port Authority of New York and New Jersey.
Dramatic leasing momentum nearby has created what industry sources say is a more favorable financing environment over the past six weeks. The new climate makes it more likely that Silverstein can secure a construction loan without the loan guarantee he’s so far failed to wrest from the distracted Port Authority.
With companies such as Goldman Sachs, American Express, Moody’s, Harper Collins, Group M, Conde Nast, McMillan Publishing, and a plethora of other financial and creative users inking large deals Downtown, the precedent has been set that this is the new hip and cool place to be.
4WTC hosted the KENZO Resort 2015 presentation fashion show and cocktail party this past Monday, June 9th. Joining Carol Lim and Humberto Leon were guests Dakota Fanning, Chloé Sevigny, Henry Holland, Leigh Lezark and Geordon Nicol of The Misshapes, and Javier Perhal. Other attendees included Eva Chen, editor in chief of Lucky Magazine, Jane Keltner de Valle, Editor of Teen Vogue, Bryan Boy, Drew Elliott and Mickey Boardman of PAPER magazine.
World Trade Center retail developer Westfield Group has leases either signed or out for signing at roughly 80 percent of its 150 slots at the WTC’s transit hub, the international mall developers told The Wall Street Journal today.
4WTC hosted the annual cocktail party for Right to Dream on June 5th, 2014, a fundraiser in support of the Right to Dream academy's mission to nurture underprivileged talent into role models for Africa.
So far, the complex has attracted several marquee brands. Turnbull & Asser, the British men's shirtmaker and clothier that has dressed many a James Bond star, and designer-shoe brand Stuart Weitzman, have signed on. Both will have shops within the new Santiago Calatrava-designed Oculus, which soars above the hub's central corridor.
A group of mentors and students from the StreetWise Partners toured 7WTC, Memorial Plaza and 4WTC on June 3, 2014. Streetwise partner’s signature program Career Ventures, serves low-income individuals who are ready to overcome barriers to employment and transform their lives.
On June 4th, FDNY firefighters gathered at 4WTC for a luncheon after the 145th annual Medal Day awards ceremony which celebrated the great work of 65 FDNY and EMS members.
The springtime breeze is nice on the 57th-floor outdoor terrace of 4 World Trade Center. With a vista stretching from the Statue of Liberty to the Empire State Building and across the East River to Queens, the building will reward employees of whatever company snaps up the available 34,000-square-foot floor with a break room in the clouds.
Time Inc., the magazine unit to be spun off from Time Warner Inc. next month, will move its headquarters to Brookfield Place in lower Manhattan next year. The publisher of Time, Sports Illustrated and Entertainment Weekly said it signed a long-term lease for 700,000 square feet on six floors at 225 Liberty St.
This month, The Real Deal assembled the most comprehensive-to-date list of tenants expected to take space at the project. We also obtained maps of the full retail complex indicating where retailers are likely to plant their flags.
The opening of the Sept. 11 museum "is a great symbol of how far we have come," said Jessica Lappin, president of the Alliance for Downtown New York. "The $30 billion that has been invested here over the past decade is becoming tangible and real." In 2001, there were just 1,469 hotel rooms south of Chambers Street. Next year, there will be 7,025. Today, there are 18 hotels downtown, and just as many are expected to open during the next several years, according to the alliance.
The National September 11 Memorial Museum opened Thursday, a somber look back at a day that will live in infamy. But that horrific past is merely prologue to the renaissance in the heart of the Financial District, which is beating once more with blocks of new retail, new transit links and, most important, thousands of new residential units. Downtown is back on top.
HEAF awareness evening event was held at 4WTC on May 14th, 2014. HEAF changes the lives of under-served young people beginning in middle school and continuing in college and beyond through a youth development approach that includes rigorous year-round academic enrichment, social and cultural exposure and constant individual attention.
The new 4 World Trade Center hosted a cocktail party on the 68th floor on May 1st for the AIR Society, which benefits National Jewish Health. Co-chaired by Roger Silverstein, executive vice president at Silverstein Properties, and Justin E. Magazine, vice president at Savills, the event honored Michael Rodriguez, president of Alliance Building Services.
Previously, only seven brands were publicly announced: Acne Studios, Armani, Kate Spade, The Kooples, Tiffany & Co., Tom Ford, and Zadig & Voltaire. Below, we've highlighted some of our favorite names in this announcement.
Eataly is taking a bite out of the World Trade Center, The Post has learned.
The Westfield Group, which controls all the retail space at the WTC, has lined up the famed Italian marketplace for the base of 4 World Trade Center, along with a host of big names.
Stair climbers ascended 72 flights at 4 World Trade Center Thursday evening in the name of cancer research, taking part in the largest public event the building has hosted since it opened in November.
Yesterday, more than 700 people zipped up the stairs of 4 World Trade Center to raise money for the Damon Runyon Cancer Research Foundation. For those doing the full run, it meant climbing 72 floors of stairs.
More than 660 people from 15 states converged at 4 World Trade Center last night. They did last minute stretches, affixed bib numbers and took loads of selfies – staring up at the gleaming new building.
Manhattan high school English teacher Tim Donahue, 44, was the first runner to race up the 72 floors of 4 World Trade Center Thursday.
Vertical marathoners ages 14 to 71 from all five boroughs and 15 states raised at least $170,000 for the Runyon Cancer Research Foundation at Thursday night’s stair climb.
The 35-year-old St. George resident is one of 12 Staten Islanders, ranging in age from 29 to 55, entered into the Runyon Up, a stair climb that will take place Thursday at the new 4 World Trade Center to raise funds for the Damon Runyon Cancer Research Foundation.
About 700 people will converge on the World Trade Center next week. But not to try anything sneaky, like, say, parachuting from One World Trade Center. This group will race up 72 floors at Four World Trade Center, on Thursday.
Four of the 10 largest office leases were in lower Manhattan last year, paced by Citigroup's 2.6 million-square-foot renewal on Greenwich Street, which will become the bank's new headquarters as it decamps from Park Avenue.
Maki and Associates recently have been awarded one of AIA New York's five Honor Awards for their design of 4 World Trade Center as part of the 2014 AIANY Design Awards.
Media companies are starting to make a bigger dent in the downtown real estate market. In 2013, media accounted for 15 percent of all leases signed in Lower Manhattan, up from 7 percent in 2005, according to the Alliance for Downtown New York's latest year-in-review, which was released on Wednesday.
Until tenants begin to trickle in, the glass-clad structure, designed by Japanese architect Fumihiko Maki, has been serving mostly as an elite event location—home to cocktail parties, fashion shows, movie shoots and unorthodox fundraisers.
Join us on Thursday, April 3, 2014, for the first charitable stair climb to be held inside the 4 World Trade Center building.
A toast to 4 World Trade Center, Sunset Park's new recycling center and Walker Tower, plus a hard look at Prospect Park's new skating center.
New York City’s real estate is set for its moment in the spotlight when the Super Bowl comes to town this weekend. From the gleaming new 4 World Trade Center, which will be featured in a Bud Light television advertisement, to the iconic 230 Park Avenue which will stage a light show salute to the Seattle Seahawks and the Denver Broncos, the contenders for the Super Bowl XLVIII NFL football championship, the Big Apple is braced for a party.
The newest World Trade Center tower is the setting for a $16 million Bud Light ad with Arnold Schwarzenegger, Don Cheadle and a llama. "We have been fortunate," says an exec at landlord Silverstein Properties.
The redevelopment of the World Trade Center is expected to pass a major milestone in 2014, but one that will be more low-key than others ticked off in recent years such as the opening of the 9/11 Memorial or completing the spire atop One World Trade Center.
It comes as no surprise to us that positive numbers continue to be announced day after day, week after week. According to the University of Michigan study often quoted by Bloomberg News, the consumer confidence index is now at 82.5 when only 40 days ago it was at 73.2. The index is at its highest year end point since 2007.
… this year, the honor goes to Silverstein Properties' 4 World Trade Center. The first of the World Trade Center sites to be complete, it opened in November to much acclaim from a chorus of archicritics. "A deft, thoughtful and well-made piece of architecture, so quiet that it almost seems to recede from view," according to the Los Angeles Times.
Skyscraper, at 80 stories, had stalled until Silverstein found an anchor tenant. GroupM is a global advertising firm.
With the economy slowly improving and memories of the 2008 financial crisis fading, architecture came alive again in 2013. Bold new buildings arrived on the scene while old ones … got new life.
After 12 years of fractious turf battles and struggles over insurance, it was a triumphant day for developer Larry Silverstein, his architect, Fumihiko Maki, and the politicians who flanked them on the stage.
Shraysi Tandon reports from New York City where 4 World Trade Center recently became the first skyscraper to be completed at the site since the September 11th terror attacks.
The formal arrival of 4 World Trade Center marks an important moment for New York City, which has been pushing forward on recovery from the terrorist attacks that gutted Lower Manhattan on 11 September, 2001.
Larry Silverstein, the octogenarian developer, has emerged as a hero of Ground Zero reconstruction.
Back when the redevelopment of the World Trade Center was in its nascent stages, the Toyko-based architecture firm Maki and Associates was lured to design one of the four towers at the country’s most closely-watched development project without much fanfare.
The World Trade Center's rebirth began Wednesday with the grand opening of the first tower on the 16-acre site.
Elected officials, residents and business leaders joined Silverstein Properties, the building's developer, for 4 World Trade Center's opening.
On Wednesday, New York will mark the completion of 4 World Trade Center, the first tower to reopen at the World Trade Center site since the attacks of Sept. 11, 2001. The building, developed by Larry Silverstein and designed by Fumihiko Maki, is shaped to be the first in a ring of skyscrapers, referring to the torch of Lady Liberty.
Tribeca Tribune Online - Elected officials joined Larry Silverstein at the developer’s 977-foot-high 4 World Trade Center on the sub-freezing morning of Wednesday, Nov. 13, to celebrate the opening of the first completed office building on the original 16-acre World Trade Center site.
4 World Trade Center officially opened Wednesday, marking a major milestone in the rebirth of Lower Manhattan.
The office tower at 4 World Trade Center has opened in lower Manhattan.
Four World Trade Center has officially opened, marking a major milestone as the first office tower at the 16-acre World Trade Center site to open since the Sept. 11 attacks.
New York City Mayor Michael Bloomberg led the ceremony at 4 World Trade Center.
Next year it will be 1 World Trade Center opening for business, and the city will have nearly rebuilt — as well as is possible after such horror — from that dark morning on Sept. 11, 2001.
4 World Trade Center is the first tower completed on the original World Trade Center site.
Silverstein Properties has opened earlier this month, the first office tower on the ground zero site in Manhattan New York, 4 World Trade Center.
The 72 story, 298 meter retail and commercial building is designed by Pritzker award-winning architect, Fumihiko Maki of Maki and Associates.
The first skyscraper at lower Manhattan’s World Trade Center is set to open with two days of ceremonies to mark the renewal of the area after its destruction by terrorists. When the fanfare subsides, the task will be filling the 40 percent of the tower that’s empty.
Twelve years after 9/11 one Port Authority official says the World Trade Center site is finally at a 'point of inflection.' Bloomberg Television's Julie Hyman gets an inside look at the progress being made at some of the new buildings at the WTC site, including 4 World Trade Center.
I got a look at the view from the 57th floor terrace of 4 World Trade Center, which officially opens Wednesday. But we got the official tour Monday.
The lobby is the largest by volume in New York City; it is 47 feet high from floor to ceiling. The black granite reflects the outside memorial plaza.
Officials are reportedly planning a ribbon-cutting ceremony next Wednesday for the opening of 4 World Trade Center, which will make the 978-foot building the first to open at Ground Zero.
It is a milestone at the new World Trade Center: The first tower will soon officially open at the site ravaged by terrorism 12 years earlier.
PIX11 News got a special look inside 4 World Trade Center, and saw the emergency protocols that are in place in the tower that’s just feet from where the Twin Towers stood.
On the 68th floor of 4 World Trade Center, developer Larry Silverstein welcomed the building's first celebrators—the Municipal Art Society of New York—before its public opening to honor the recipients of the MASterworks Awards.
One World Trade Center with its symbolically freighted 1,776-foot spire is the marquee skyscraper at downtown Manhattan’s Ground Zero, but the first office tower to officially open there will be its shorter neighbor, 4 World Trade Center.
NEW YORK -- Next week, Four World Trade Center will be the first building at the Ground Zero site to open, and we were given an exclusive look inside.
Watch Alice Gainer from CBS 2’s report on the opening of 4 World Trade Center. Larry Silverstein gave her a tour through the new building and talked about the opening.
Silverstein Properties’ 4 World Trade Center will hold a ribbon-cutting ceremony on Wednesday, making the 978-foot Fumihiko Maki-designed tower the first building in the Ground Zero complex to officially open.
NEW YORK — One World Trade Center with its symbolically freighted 1,776-foot spire is the marquee skyscraper at downtown Manhattan’s ground zero, but the first office tower to officially open there will be its shorter neighbor, 4 World Trade Center.
A new and long-awaited chapter in downtown Manhattan's resurgence after 9/11 begins next week when the first tower of the 16-acre World Trade Center site officially opens.
On November 6th, Silverstein Properties hosted the Municipal Art Society of New York, 2013 MASterworks Awards on the 68th floor of 4 World Trade Center.
A dozen years after hijacked jets destroyed the twin towers, a new district is finally taking shape at the World Trade Center — pointedly different from the sterile superblock it replaced, but far from assured of either real estate success or urban vitality.
The first piece of a nearly $4 billion redevelopment of the World Trade Center transportation hub debuted Thursday with the official opening of an underground concourse that passes through an area that has been closed since 9/11.
Think of 4 World Trade Center as the memorial to the memorial.
“We wanted to create something quiet and dignified,” Gary Kamemoto said of Japanese master architect Fumihiko Maki’s geometric design for the 978-foot tower that opens on 11/12/13.
New York City Ballet filmed a special performance called “New Beginnings” on the 57th floor terrace of 4 World Trade Center on September 12, 2013. The video is an extraordinary and moving performance of Christopher Wheeldon's After the Rain. It is intended to be a testament to the resilience of the human spirit, and a tribute to the future of the city that New York City Ballet calls home. The film was developed in collaboration with DDB New York.
Something remarkable is happening where Greenwich Street used to run through the World Trade Center site.
It is becoming Greenwich Street again. For the first time since reconstruction of the trade center began, a New York City streetscape is taking form. There are sidewalks and curbs, oak trees and honey locusts, street lamps and pigeons. And, as on any street near high-risk targets, there are also ranks of heavily reinforced posts, or bollards.
In a major step forward for Downtown, media giant GroupM and developer Larry Silverstein today agreed on major terms of a huge lease at 3 World Trade Center, The Post has learned.
The deal is likely to be completed by fall. It will allow the tower, now on hold at seven stories, to soar skyward to its full 80-story height starting next year and open in late 2016.
More than 200 real estate professionals joined Larry Silverstein at 4 World Trade Center last month to celebrate the curtain wall enclosure of the building and see the almost-finished lobby for the first time. 4 World Trade Center will be the first office building to open on the 16-Acre WTC site this fall. Attendees gathered in the building's marble and granite clad lobby on the new Greenwich Street and took passenger elevators to the 50th floor taking in 360-degree views of the city.
On Friday, May 3, World Trade Center developer Larry Silverstein hosted a barbecue for 1,000 construction workers to thank them for working tirelessly to rebuild the site. The lunch also celebrated the curtain wall enclosure of 4 WTC, the first tower that will open on the 16-Acre WTC site this Fall. A Boston-based rock and roll band called The Joint Chiefs played for the workers. Silverstein organizes several of these lunches a year for his workers.