- Posted at 2:03, November 13, 2013
- By Russ Bleemer
Mayor Mike Bloomberg and developer Larry Silverstein will lead ribbon-cutting ceremonies today at Four World Trade Center, the first tower to open for business in the site's redevelopment scheme.
The event will continue a party that began yesterday when an architects' group in Chicago determined that the One World Trade Center spire is officially part of the building, and that means New York City is home to the nation's largest building. Details here.
But there is more to be done downtown: 4WTC, a 72-story, 978-foot, 2.5 million square-foot building, is only half leased. One WTC is scheduled to be ready for tenants next year.
A glut of new space downtown will be a challenge for Silverstein. The Port Authority of New York and New Jersey--which has granted Silverstein Properties a 99-year lease to develop and manage the site--has taken about 600,000 square feet in 4WTC, and will make the move in 2015, when the Associated Press reports retailers and restaurants are expected to open.
CBRE is the leasing agent for 4WTC.
The building is on the southeast corner of the site, across from the 9/11 Memorial’s south reflecting pool. One WTC will be opposite, on the northwest side.
Timeout New York has posted a time-lapse video showing 4WTC's construction from its 2009 groundbreaking to today, here.
Early this morning, a New York Times blog posted a new video tour of 4WTC. Check it out here.