You keep skipping over the first part of the comment and going right to the outdated/simplified portion. @TK2000 is saying that the massing is different is correct.
But anyways, as it relate to the actual topic, I want to point out that the sqft figures are definitely refering to gross sqft, and not zoning sqft since 1WTC is 3.5 million gross sqft. There’s no way this building would be over 3 million zoning sqft.
I just spoke about the timelines of the models to ensure that the render is not mistakenly taken as newer; the massing change in the physical model is likely indicative of 5’s final design.
As you rightly said about sqf, the current design might be 2.6m commercial, judging by a port authority doc from 2021.
If they are going to persue 3m sqf (either gross or for commercial use), that’s still some 200k-300k sqf to somehow add, and i’m wondering how such a design would look like.
But I think that the TRD article had put 3m in the context of leasable space (after design modifications), interesting.
I would’ve added some more context to your “nope it doesn’t.” to @TK2000 original comment.
Alot of real-estate based articles always use the gross sqft for the leaseable space even though that’s not ever the case.
1WTC is a big building, that’s not to say that 2WTC wont be but it’s almost preposterous to imagine that it would have 3million sqft of leaseable space. Gross from zoning is on range 1.2x to 1.25x larger (this can differ vastly between function).
I think some of the figures are gross and some are zoning (which is much closer to leaseable/rentable). The figures claiming above 3 million rentable I dont believe still.
I was trying to visualize it the other day and maybe it got it into perspective, at least for me
1wtc has 71 leasable floors.
The original 2 was to have 60 office floors, of which almost all, slightly bigger than the lower (biggest) floors at 1, and then 4 gigantic trading floors, so it sorts of evens out.
It was underestimated how massive it was.
To sum this up, I really hope we’ll hear them landing a 3m+ footer (even if by gross footage), all of this new space downtown will be great. Guess we’ll know soon
I anticipate a possible announcement this Wednesday.
This was sort of tucked away in a previous article:
"Silverstein has penned a new memoir, “The Rising: The Twenty-Year Battle to Rebuild the World Trade Center,” billed as “an epic tale of business, politics, and engineering by the man who spent two decades working to make it happen.” A reception is planned for its release date, Sept. 10.
An announcement about 2 World Trade Center would be a compelling storyline for the solemn 9/11 commemoration the following day. "
Physical model spotted in the background of a photo the Post used in their promo piece for Silverstein’s new book. It appears he’s got it set up at the southeast corner of 7 WTC, behind which one will soon see the actual building itself soon start to rise (hopefully!)
The project is priced at 4.9 billions, consistent with the 5 billion figure he mentioned in late 2022.
In his book: “And after more than two decades trying to get Tower Two built, I think I have found a path to getting it done,” he writes. “I am 93 years old, and the prospect is damn exciting. It makes me feel like a kid again. Or at least 70.”
At a conference at 7WTC yesterday, he also said “Keep tuned. Stuff is happening”.
You gave them a very expensive loan. Can I ask about the current status of the site?
Well, Tower Two is the only remaining site to be developed, and that is in intensive negotiation currently with a tenant. We will be in a position to describe anything and everything you can ask when everything is concluded. [The Real Deal reported last week that Silverstein is in negotiations with American Express to anchor the building.]
I remember the Bjarke Ingels sketch for the building, and then Rupert Murdoch was in talks to anchor. That seems like a story all its own.
I think this is going to get done pretty shortly. I’m very excited. It’ll be a spectacular addition to what we have here to date.
This seems legit - it will be a miracle if it happens. This is the last corner of the main site we need finished. The current site for 2 WTC is such an eyesore right now with the mismatched concrete / pavement and random artwork all over (artwork is cool don’t get me wrong). We just need this done! Put back up 2 WTC and it will finally feel completed after all of these years.
If it’s a go, let’s say we hear this tomorrow at 9/11 in what timeframe could construction start? And 2nd when it be finished? (this is flexible of course, but estimations are possible)